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Walter Clark

Walter H. Clark embodies the American image of the self-made man. After receiving his degree in accounting in 1951 from Southern Illinois University, Clark began what would become an exceptional career in banking as an accountant at the Illinois Federal Savings & Loan. In 1955, Clark joined the accounting team at the First Federal Savings & Loan of Chicago, the largest S & L in the state. During his time at First Federal, Clark acquired the reputation of an innovator. With keen investment skills, he ably managed First Federal's diverse portfolio. More and more responsibility transferred into his capable hands, so that by 1973, Clark was promoted to Executive Vice President, Chief Financial Officer and a member of the Board of Directors. While serving as the Executive Vice President of First Federal, now Citicorp Savings of Illinois, Clark received an M.B.A. from DePaul University and completed the Advanced Management Program from the Harvard Graduate School of Business.

Clark left Citicorp in 1986 for a position as Chairman of the Board of the Chicago Transit Authority (CTA). Clark revolutionized the city transit system by increasing minority involvement in contracting, acquiring new buses and streamlining internal financial processes. During this time, Clark also held a position as Vice President at Bear Stearns, a prestigious investment banking, securities trading, and brokerage firm. In 1991, however, Clark left both jobs behind to start his own business, the Clark Consulting Company, a full service asset management and financial planning firm.

Not confining his skills merely to the world of finance, Clark has always remained active in the community. As Chairman of Harold Washington's Finance Committee in 1983, Clark played a crucial role in Washington's successful mayoral campaign. He has served on numerous boards and committees including the Finance Authority for the Chicago Board of Education; the Board of Directors for the College of Business Administration for the University of Illinois and the University of Southern Illinois; and as the Chairman of the Peer Group, a group of CFOs from the ten largest savings & loans in the United States.

Clark passed away on November 15, 2018.

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Crispus Attucks High School

Southern Illinois University

DePaul University

Harvard Business School

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Short Description

Banker and financial entrepreneur Walter Clark (1928 - 2018) is the owner of Clark Consulting Company, a full-service asset management and financial planning firm, and has held positions with First Federal and the Chicago Transit Authority.


United States Army

Clark Consulting Company

Bear Stearns

Chicago Transit Authority

Illinois Federal Savings & Loan

First Federal Savings & Loan of Chicago

Favorite Color



<a href="">Tape: 1 Story: 1 - Walter Clark's favorites</a>

<a href="">Tape: 1 Story: 2 - Slating of Walter Clark</a>

<a href="">Tape: 1 Story: 3 - Walter Clark talks of his father and his family history</a>

<a href="">Tape: 1 Story: 4 - Walter Clark talks of his mother and her family history</a>

<a href="">Tape: 1 Story: 5 - Walter Clark describes Carbondale, Illinois</a>

<a href="">Tape: 1 Story: 6 - Walter Clark on growing up in Carbondale, Illinois</a>

<a href="">Tape: 1 Story: 7 - Walter Clark speaks about high school</a>

<a href="">Tape: 1 Story: 8 - Walter Clark as a young person</a>

<a href="">Tape: 1 Story: 9 - Lessons Walter Clark learned from his father</a>

<a href="">Tape: 1 Story: 10 - Walter Clark's childhood friends</a>

<a href="">Tape: 1 Story: 11 - Walter Clark's college experience with his brother</a>

<a href="">Tape: 2 Story: 1 - Walter Clark tells college football stories</a>

<a href="">Tape: 2 Story: 2 - Walter Clark can't get hired as an accountant</a>

<a href="">Tape: 2 Story: 3 - Walter Clark's jobs after college</a>

<a href="">Tape: 2 Story: 4 - Walter Clark speaks of his Army experience</a>

<a href="">Tape: 2 Story: 5 - Lessons Walter Clark learned from being in the United States Army</a>

<a href="">Tape: 2 Story: 6 - Walter Clark returns from Korea</a>

<a href="">Tape: 2 Story: 7 - Walter Clark talks about the Illinois Federal Savings and Loan</a>

<a href="">Tape: 2 Story: 8 - Walter Clark changes jobs</a>

<a href="">Tape: 3 Story: 1 - Walter Clark's early years at First Federal Savings of Chicago</a>

<a href="">Tape: 3 Story: 2 - Walter Clark speaks of the changes at First Federal Savings of Chicago</a>

<a href="">Tape: 3 Story: 3 - Walter Clark's accomplishments at First Federal</a>

<a href="">Tape: 3 Story: 4 - Professional organizations with which Walter Clark was involved</a>

<a href="">Tape: 3 Story: 5 - Walter Clark describes the lack of minorities at First Federal</a>

<a href="">Tape: 3 Story: 6 - The various social clubs to which Walter Clark belonged</a>

<a href="">Tape: 3 Story: 7 - Walter Clark speaks of the significance of his organizations</a>

<a href="">Tape: 4 Story: 1 - Walter Clark tells the history of the Boule</a>

<a href="">Tape: 4 Story: 2 - Walter Clark gives information about his wife and children</a>

<a href="">Tape: 4 Story: 3 - Walter Clark's work situation 1986 - 1988</a>

<a href="">Tape: 4 Story: 4 - Walter Clark's job at the Chicago Transit Authority</a>

<a href="">Tape: 4 Story: 5 - Walter Clark works for Bear Stearns investment banking firm</a>

<a href="">Tape: 4 Story: 6 - Walter Clark enjoys retirement</a>

<a href="">Tape: 4 Story: 7 - Walter Clark speaks of African Americans in his field</a>

<a href="">Tape: 4 Story: 8 - Walter Clark's advice to young African Americans</a>

<a href="">Tape: 4 Story: 9 - Walter Clark remembers his parents</a>

<a href="">Tape: 4 Story: 10 - Walter Clark on the importance of family</a>

<a href="">Tape: 4 Story: 11 - Walter Clarke's disappointment</a>

<a href="">Tape: 5 Story: 1 - Walter Clark recalls his small town beginnings</a>

<a href="">Tape: 5 Story: 2 - Walter Clark's legacy</a>

<a href="">Tape: 5 Story: 3 - Photo - Walter Clark and the Board of Directors of the First Federal Savings Bank of Chicago, Chicago, Illinois, 1975</a>

<a href="">Tape: 5 Story: 4 - Photo - Walter Clark shaking hands with Walter Wriston, 1984</a>

<a href="">Tape: 5 Story: 5 - Photo - Walter Clark at work at First Federal Savings of Chicago, Chicago, Illinois, ca. 1969</a>

<a href="">Tape: 5 Story: 6 - Photo - Walter Clark with E. Stanley Enlund, Jane Byrne and Grover Hansen, ca. 1978-1979</a>

<a href="">Tape: 5 Story: 7 - Photo - Walter Clark speaking at Northwestern Memorial Hospital, Chicago, Illinois, 1989</a>

<a href="">Tape: 5 Story: 8 - Photo - Walter Clark with his wife, Juanita Clark next to a photo of their daughter, Juanine Clark, 1989</a>

<a href="">Tape: 5 Story: 9 - Photo - Walter Clark, his father and the basketball team at Crispus Attucks High School, Carbondale, Illinois, 1945</a>

<a href="">Tape: 5 Story: 10 - Photo - Walter Clark and the homecoming court at Crispus Attucks High School, Carbondale, Illinois, ca. 1944-1945</a>

<a href="">Tape: 5 Story: 11 - Photo - Walter Clark, his brother, John Quincy Clark Jr. and friends, Los Angeles, California, 1948-1949</a>

<a href="">Tape: 5 Story: 12 - Photo - Walter Clark with the board of trustees for the Congregational Church of Park Manor, Chicago, Illinois</a>

<a href="">Tape: 5 Story: 13 - Photo - Walter Clark's brother, John Quincy Clark, Jr. in his Army uniform, 1946</a>

<a href="">Tape: 5 Story: 14 - Photo - Walter Clark with his brother and father at their college graduation, Carbondale, Illinois 1951</a>

<a href="">Tape: 5 Story: 15 - Photo - Walter Clark in his Army uniform, Yong Dung Po, South Korea, 1954</a>

<a href="">Tape: 5 Story: 16 - Photo - Walter Clark and others watch Chicago Mayor Harold Washington speak at a CTA function, Chicago, Illinois, ca. 1986-1987</a>

<a href="">Tape: 5 Story: 17 - Photo - Walter Clark's daughter receives her master's degree from Northwestern University, Evanston, Illinois, June 18, 1988</a>

<a href="">Tape: 5 Story: 18 - Photo - Walter Clark and his wife, Juanita Dillard Clark at their wedding reception, Chicago, Illinois, July 13, 1957</a>

<a href="">Tape: 5 Story: 19 - Photo - Walter Clark standing outside of his Army tent, Yong Dung Po, South Korea, 1954</a>

<a href="">Tape: 5 Story: 20 - Photo - Walter Clark with Clark Burrus and Ted Jones, Chicago, Illinois, ca. 1990-2000</a>

<a href="">Tape: 5 Story: 21 - Photo - Walter Clark and wife, Juanita Clark celebrating their son, Hilton Clark's birthday, Chicago, Illinois, August 8, 1999.</a>

<a href="">Tape: 5 Story: 22 - Photo - Walter Clark and others celebrating the opening of a bus facility for the Chicago Transit Authority, Chicago, Illinois, 1987</a>

<a href="">Tape: 5 Story: 23 - Photo - Walter Clark with members of the Royal Coterie of Snakes fraternity, Chicago, Illinois, May, 1984</a>

<a href="">Tape: 5 Story: 24 - Photo - Walter Clark and Juanita Dillard Clark cutting their wedding cake, July 13, 1957</a>