Devon Bank Donate $6,000 To Little Sisters Of The Poor As They Recover From Flood Damages

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The donation is intended to cover the cost of repairs needed to mainly office spaces in the building.

Early on a chilly October morning, the Little Sisters of the Poor’s North Side elderly care facility sustained thousands of dollars in flood damage due to a broken sprinkler. A WGN-TV news story showed wet, crumbled ceiling tiles laying amid puddles on the floor of the facility. Devon Bank President Tom Olivieri saw this while watching the morning news and immediately knew he wanted to help.

Devon Bank made a $6,000 donation to Little Sisters of the Poor via The Loundy Charitable Foundation. The donation is intended to cover the cost of repairs needed to mainly office spaces in the building.

Cleanup is already underway and Little Sisters of the Poor’s Sister Charles Patricia told WGN-TV that she was thankful no residents were displaced. Receiving Devon Bank’s donation, Sister Charles Patricia said, “This donation will help us clean up, repair the damages, and get back to a fully operational mode serving the elderly poor.”

The Little Sisters of the Poor have been caring for Chicago’s elderly for more than 145 years—opening its first facility in the area in 1876. “Whether you’ve been in our community for years like the Little Sisters of the Poor, or you are brand new to it, we want you to know that Devon bank is there for you,” said Olivieri.

The Loundy Charitable Foundation is an Illinois not-for-profit organization created by Devon Bank to serve the local community. The Foundation supports community groups, education, health care and community development. The Foundation is also the host charity for Devon Bank’s “Well-Rounded” Debit Cards where your pocket change is rounded up to a charity bucket of your choice.

For more information about The Loundy Charitable Foundation, or to donate, visit

For more information about Devon Bank’s “Well-Rounded” Debit Cards, visit

About Devon Bank

Owned and operated by the Loundy family since 1953, Devon Bank is in its third generation of family leadership as an independent, community bank, with David Loundy serving as its Chairman and CEO. The Bank has been serving the Chicagoland area since 1945. Devon Bank is a full-service bank with a wide range of retail and business deposit products and services, trust, and investment services, as well as a complete range of residential and commercial financing products, including specialized faith-based financing products to meet the religious needs of its customer base. Devon Bank serves a very diverse customer base with its headquarters in a vibrant North Side community. As of today, the Bank’s approximately 145 employees speak at least 28 different languages.

The Bank now serves four geographic communities in Illinois (Chicago, Glenview, Wheeling, and a Loan Center in Bridgeview). In addition, with its faith-based products, it serves communities of interest across the country.

The Bank recently celebrated 75 years, is a member of the Community Bankers Association of Illinois, and is an accredited member of the Better Business Bureau. To learn more about Devon Bank, visit

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Hannah Glinski
Devon Bank
+1 414-236-0414
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