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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 - ) 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

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Tape: 1 Story: 1 - Walter Clark's favorites

Tape: 1 Story: 2 - Slating of Walter Clark

Tape: 1 Story: 3 - Walter Clark talks of his father and his family history

Tape: 1 Story: 4 - Walter Clark talks of his mother and her family history

Tape: 1 Story: 5 - Walter Clark describes Carbondale, Illinois

Tape: 1 Story: 6 - Walter Clark on growing up in Carbondale, Illinois

Tape: 1 Story: 7 - Walter Clark speaks about high school

Tape: 1 Story: 8 - Walter Clark as a young person

Tape: 1 Story: 9 - Lessons Walter Clark learned from his father

Tape: 1 Story: 10 - Walter Clark's childhood friends

Tape: 1 Story: 11 - Walter Clark's college experience with his brother

Tape: 2 Story: 1 - Walter Clark tells college football stories

Tape: 2 Story: 2 - Walter Clark can't get hired as an accountant

Tape: 2 Story: 3 - Walter Clark's jobs after college

Tape: 2 Story: 4 - Walter Clark speaks of his Army experience

Tape: 2 Story: 5 - Lessons Walter Clark learned from being in the United States Army

Tape: 2 Story: 6 - Walter Clark returns from Korea

Tape: 2 Story: 7 - Walter Clark talks about the Illinois Federal Savings and Loan

Tape: 2 Story: 8 - Walter Clark changes jobs

Tape: 3 Story: 1 - Walter Clark's early years at First Federal Savings of Chicago

Tape: 3 Story: 2 - Walter Clark speaks of the changes at First Federal Savings of Chicago

Tape: 3 Story: 3 - Walter Clark's accomplishments at First Federal

Tape: 3 Story: 4 - Professional organizations with which Walter Clark was involved

Tape: 3 Story: 5 - Walter Clark describes the lack of minorities at First Federal

Tape: 3 Story: 6 - The various social clubs to which Walter Clark belonged

Tape: 3 Story: 7 - Walter Clark speaks of the significance of his organizations

Tape: 4 Story: 1 - Walter Clark tells the history of the Boule

Tape: 4 Story: 2 - Walter Clark gives information about his wife and children

Tape: 4 Story: 3 - Walter Clark's work situation 1986 - 1988

Tape: 4 Story: 4 - Walter Clark's job at the Chicago Transit Authority

Tape: 4 Story: 5 - Walter Clark works for Bear Stearns investment banking firm

Tape: 4 Story: 6 - Walter Clark enjoys retirement

Tape: 4 Story: 7 - Walter Clark speaks of African Americans in his field

Tape: 4 Story: 8 - Walter Clark's advice to young African Americans

Tape: 4 Story: 9 - Walter Clark remembers his parents

Tape: 4 Story: 10 - Walter Clark on the importance of family

Tape: 4 Story: 11 - Walter Clarke's disappointment

Tape: 5 Story: 1 - Walter Clark recalls his small town beginnings

Tape: 5 Story: 2 - Walter Clark's legacy

Tape: 5 Story: 3 - Photo - Walter Clark and the Board of Directors of the First Federal Savings Bank of Chicago, Chicago, Illinois, 1975

Tape: 5 Story: 4 - Photo - Walter Clark shaking hands with Walter Wriston, 1984

Tape: 5 Story: 5 - Photo - Walter Clark at work at First Federal Savings of Chicago, Chicago, Illinois, ca. 1969

Tape: 5 Story: 6 - Photo - Walter Clark with E. Stanley Enlund, Jane Byrne and Grover Hansen, ca. 1978-1979

Tape: 5 Story: 7 - Photo - Walter Clark speaking at Northwestern Memorial Hospital, Chicago, Illinois, 1989

Tape: 5 Story: 8 - Photo - Walter Clark with his wife, Juanita Clark next to a photo of their daughter, Juanine Clark, 1989

Tape: 5 Story: 9 - Photo - Walter Clark, his father and the basketball team at Crispus Attucks High School, Carbondale, Illinois, 1945

Tape: 5 Story: 10 - Photo - Walter Clark and the homecoming court at Crispus Attucks High School, Carbondale, Illinois, ca. 1944-1945

Tape: 5 Story: 11 - Photo - Walter Clark, his brother, John Quincy Clark Jr. and friends, Los Angeles, California, 1948-1949

Tape: 5 Story: 12 - Photo - Walter Clark with the board of trustees for the Congregational Church of Park Manor, Chicago, Illinois

Tape: 5 Story: 13 - Photo - Walter Clark's brother, John Quincy Clark, Jr. in his Army uniform, 1946

Tape: 5 Story: 14 - Photo - Walter Clark with his brother and father at their college graduation, Carbondale, Illinois 1951

Tape: 5 Story: 15 - Photo - Walter Clark in his Army uniform, Yong Dung Po, South Korea, 1954

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

Tape: 5 Story: 17 - Photo - Walter Clark's daughter receives her master's degree from Northwestern University, Evanston, Illinois, June 18, 1988

Tape: 5 Story: 18 - Photo - Walter Clark and his wife, Juanita Dillard Clark at their wedding reception, Chicago, Illinois, July 13, 1957

Tape: 5 Story: 19 - Photo - Walter Clark standing outside of his Army tent, Yong Dung Po, South Korea, 1954

Tape: 5 Story: 20 - Photo - Walter Clark with Clark Burrus and Ted Jones, Chicago, Illinois, ca. 1990-2000

Tape: 5 Story: 21 - Photo - Walter Clark and wife, Juanita Clark celebrating their son, Hilton Clark's birthday, Chicago, Illinois, August 8, 1999.

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

Tape: 5 Story: 23 - Photo - Walter Clark with members of the Royal Coterie of Snakes fraternity, Chicago, Illinois, May, 1984

Tape: 5 Story: 24 - Photo - Walter Clark and Juanita Dillard Clark cutting their wedding cake, July 13, 1957