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Proceedings, Debates of the U.S. Congress
April 26, 2013
113th Congress, 1st Session
Issue: Vol. 159, No. 59 — Daily Edition
Entire Issue (PDF)
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HONORING THE LIFE OF MR. JACOBY DICKENS
(Extensions of Remarks - April 26, 2013)
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[Extensions of Remarks] [Page E577] HONORING THE LIFE OF MR. JACOBY DICKENS ______ HON. ALCEE L. HASTINGS of florida in the house of representatives Friday, April 26, 2013 Mr. HASTINGS of Florida. Mr. Speaker, I rise today to honor the life of Mr. Jacoby Dickens, who passed away this month at the age of 82. Jacoby was a prominent business leader, and served as Chairman of Seaway Bank & Trust Co., which is the largest black-owned bank in Chicago. He also served on the boards of Chicago State University, the School of Business at Florida A University, and the Chicago Urban League. He was a well-known philanthropist, and donated more than $1 million to Chicago State University, where his name adorns the main athletic center. Jacoby truly embodies the American dream, as his inspiring success story is rooted in the humblest of beginnings. He was one of six children, growing up in Panama City, Florida. His family moved to the South Side of Chicago in 1946. A teenager at the time, he attended Wendell Phillips High School. Always possessing a knack for business, Jacoby began saving money while working as a building engineer. With these savings, he invested in real estate, and eventually purchased and managed a large number of apartment buildings in the South Side before selling his holdings in 1971. In time, he expanded his investments into other parts of Chicago, primarily investing in several bowling alleys. Seen as a financial up- and-comer, Seaway Bank & Trust Co. asked him to join their board in 1979. He became Chairman of the bank in 1983. Seaway was one of very few banks willing to provide loans in tough neighborhoods on the South Side, and saw Jacoby as a model of success for potential investments. Building a half-billion-dollar organization, perhaps the most profound aspect of his legacy is his dedication to serving African- Americans in their community at a time when many were unwilling to take such risks. Countless businesses, families, and communities at large were positively impacted by his trust in people. Jacoby believed that people are equal and deserve the opportunity to better themselves. Originally only one of few black-owned banks in the city of Chicago, Seaway is now by far the largest and most successful. Mr. Speaker, Jacoby Dickens was a dear friend of mine. He was a great American who gave back to his community and this nation. I am truly saddened by his passing. He will be dearly missed. ____________________