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Alvin J. Boutte, Sr.

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Information about Alvin J. Boutte, Sr.

Profile image of Alvin J. Boutte, Sr.

Profession

Category:
BusinessMakers
Occupation(s):
Bank Chief Executive

Favorites

Favorite Color:
Dark Blue
Favorite Food:
Shrimp
Favorite Time of Year:
Fall, Spring
Favorite Vacation Spot:
Jamaica, Italy
Favorite Quote:
None

Birthplace

Born:
10/10/1929
Birth Location:
Lake Charles, Louisiana

Profession

Category:
BusinessMakers
Occupation(s):
Bank Chief Executive

Favorites

Favorite Color:
Dark Blue
Favorite Food:
Shrimp
Favorite Time of Year:
Fall, Spring
Favorite Vacation Spot:
Jamaica, Italy
Favorite Quote:
None

Birthplace

Born:
10/10/1929
Birth Location:
Lake Charles
See how Alvin J. Boutte, Sr. is related to other HistoryMakers

Biography

Alvin J. Boutte, Sr., was born in Lake Charles, Louisiana, on October 10, 1929. One of eight children born to a seamstress and gardener, Boutte attended Xavier University in New Orleans, earning his B.S. degree in 1951.

Two years after leaving Xavier, Boutte became president and owner of Independent Drug Stores. In 1964, Boutte co-founded Independence Bank in Chicago where he began serving as vice chairman; in 1970, he became the CEO and chairman of the bank. That same year, Boutte was named CEO of Drexel National Bank, and both institutions were put under the umbrella of Indecorp, the largest African American-owned financial institution in the United States. With Boutte serving as CEO of both banks, he was also appointed president and CEO of Indecorp; he remained in this role until his retirement in 1995.

Boutte served on the boards of directors of other organizations, including twenty years on the board of Chicago Metropolitan Insurance Company; twenty-three years on the board of Johnson Products; and eleven years with Midway Airlines. Boutte also served as president of the Small Business Administration, and was a member of the Chicago Board of Education. The Chicago Urban League named Boutte its Man of the Year in 1971, as did the Chicago Economic Development Corporation. Black Enterprise honored him in 1990 for his commitment to African American business and economic growth. Longtime residents of Chicago, Boutte and his wife, Barbara, raised four children.

Boutte passed away on April 1, 2012 at age 82.

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  • Tape: 1 Story: 1 - Slating of Alvin Boutte interview
  • Tape: 1 Story: 2 - Alvin Boutte's favorites
  • Tape: 1 Story: 3 - Alvin Boutte talks about his Creole family origins
  • Tape: 1 Story: 4 - Alvin Boutte discusses his father's background and his siblings
  • Tape: 1 Story: 5 - Alvin Boutte talks about his mother's background and how his parents met
  • Tape: 1 Story: 6 - Alvin Boutte praises the quality of his Catholic school education in Lake Charles, Louisiana
  • Tape: 1 Story: 7 - Alvin Boutte describes his boyhood hobbies
  • Tape: 1 Story: 8 - Alvin Boutte talks about his teachers and subjects in school
  • Tape: 1 Story: 9 - Alvin Boutte talks about his family life in the 1940s
  • Tape: 1 Story: 10 - Alvin Boutte talks about his activities in high school and his career aspirations
  • Tape: 1 Story: 11 - Alvin Boutte talks about his experiences attending Xavier University
  • Tape: 2 Story: 1 - Alvin Boutte talks about his experiences at Xavier, 1947-1951
  • Tape: 2 Story: 2 - Alvin Boutte recalls his experiences in the newly integrated U.S. Army
  • Tape: 2 Story: 3 - Alvin Boutte details his military experience in Germany during the Cold War
  • Tape: 2 Story: 4 - Alvin Boutte describes the courtship of his wife
  • Tape: 2 Story: 5 - Alvin Boutte recalls his first business venture after leaving the U.S. Army
  • Tape: 2 Story: 6 - Alvin Boutte describes the business principles that helped his pharmacy succeed
  • Tape: 2 Story: 7 - Alvin Boutte details his entry in the banking business
  • Tape: 2 Story: 8 - Alvin Boutte talks about other black-owned banks in Chicago
  • Tape: 2 Story: 9 - Alvin Boutte describes his strategies as a bank executive to finance black capitalism
  • Tape: 3 Story: 1 - Alvin Boutte talks about his strategies to create wealth in the black community
  • Tape: 3 Story: 2 - Alvin Boutte details his company's ability to set banking trends
  • Tape: 3 Story: 3 - Alvin Boutte talks about his civic activities and his involvement in Operation Breadbasket
  • Tape: 3 Story: 4 - Alvin Boutte talks about the positive impact of Rev. Jesse Jackson
  • Tape: 3 Story: 5 - Alvin Boutte talks about how a neck injury has impeded his career
  • Tape: 3 Story: 6 - Alvin Boutte shares his hopes and concerns for the black community
  • Tape: 3 Story: 7 - Alvin Boutte talks about his legacy
  • Tape: 3 Story: 8 - Alvin Boutte gives advice to aspiring African American business entrepreneurs
  • Tape: 4 Story: 1 - Photo - Alvin Boutte and his wife in his first drugstore, Chicago, Illinois, 1953-1954
  • Tape: 4 Story: 2 - Photo - Alvin Boutte with his friends at Officer Candidate Training School at Fort Riley, Kansas, 1950s
  • Tape: 4 Story: 3 - Photo - Alvin Boutte with his friends at Officer Candidate Training School at Fort Riley, Kansas, 1950s
  • Tape: 4 Story: 4 - Photo - Alvin Boutte at his sixtieth birthday party, 1989
  • Tape: 4 Story: 5 - Photo - Alvin Boutte in his first home in Chatham, Illinois, 1960s
  • Tape: 4 Story: 6 - Photo - Alvin Boutte making a speech at dedication of new Independence Bank building, Chicago, Illinois, 1983
  • Tape: 4 Story: 7 - Photo - Alvin Boutte vacationing in Italy, 1990
  • Tape: 4 Story: 8 - Photo - Alvin Boutte vacationing in Jamaica, 1980s
  • Tape: 4 Story: 9 - Photo - Alvin Boutte at home in Lake Point Tower, Chicago, Illinois, 1973-1974
  • Tape: 4 Story: 10 - Photo - Alvin Boutte in prayer with Rev. Jesse Jackson and others, Chicago, Illinois, 1987
  • Tape: 4 Story: 11 - Photo - Alvin Boutte at Xavier University of Louisiana, New Orleans, Louisiana, 1947-1951
  • Tape: 4 Story: 12 - Photo - Alvin Boutte receiving an honorary doctorate degree, Chicago, Illinois, ca. 1979
  • Tape: 4 Story: 13 - Photo - Portrait of Alvin Boutte taken upon his retirement from Independence Bank, Chicago, Illinois, 1989