Helge Alexander Haugan
Encyclopedia
Helge A. Haugan was an American banking executive in Chicago
, Illinois
. Haugan was a founding partner of Haugan & Lindgren
and the founding president of the State Bank of Chicago
.
, Norway
, the younger son of Helge A. and Anna B. Haugan. During 1858, the Haugan family had immigrated to Canada settling in Montreal
during 1859. In Montreal, he learned the steam fitting and brass finishing trade.
during 1862 and continued in the plumbing business, as workman, later going into business for himself. Initially he operated a plumbing shop on Milwaukee Avenue
. In 1879, with John R. Lindgren
, he founded the private banking firm of Haugan & Lindgren
. This bank specialized in serving the growing population of Scandinavian-Americans
in the Chicago area. In 1891, the bank was incorporated as the State Bank of Chicago
. His elder brother, H. G. Haugan
, was a major investor in both banking firms.
Following the death of Helge Haugan in 1909, his son Henry Alexander Haugan became president of the bank. Both Haugan Elementary School and Haugan Middle School in Chicago Public Schools
District 299 are named for Helge A. Haugan.
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
. Haugan was a founding partner of Haugan & Lindgren
Haugan & Lindgren
Haugan & Lindgren was a bank headquartered in Chicago, Illinois. The bank operated from December 8, 1879, until February 10, 1891, from quarters at No. 57 and No. 59 La Salle Street. The bank was a partnership of Helge Alexander Haugan, H. G. Haugan and John R. Lindgren. Haugan & Lindgren was a...
and the founding president of the State Bank of Chicago
State Bank of Chicago
State Bank of Chicago was an American banking firm which conducted business under a state of Illinois charter issued on February 10, 1891. State Bank of Chicago operated from offices in the Chamber of Commerce Building located at the southeast corner of La Salle and Washington streets in Chicago,...
.
Background
Helge Alexander Haugan was born in ChristianiaOslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
, the younger son of Helge A. and Anna B. Haugan. During 1858, the Haugan family had immigrated to Canada settling in Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
during 1859. In Montreal, he learned the steam fitting and brass finishing trade.
Career
Haugan came to ChicagoChicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
during 1862 and continued in the plumbing business, as workman, later going into business for himself. Initially he operated a plumbing shop on Milwaukee Avenue
Milwaukee Avenue (Chicago)
Milwaukee Avenue is a major diagonal street in the city of Chicago and the northern suburbs. True to its name, it once led to the city of Milwaukee, Wisconsin. Starting with a short section at N. Canal and W. Lake Streets, it begins in earnest at the corner of N Desplaines and W. Kinzie Streets...
. In 1879, with John R. Lindgren
John R. Lindgren
John R. Lindgren was an American Banking executive.John Richard Lindgren was born in Chicago, Illinois, the only son of Charles Magnus Lindgren, a Swedish born ships captain and vessel-owner of Chicago. With Helge Alexander Haugan, Lindgren established the banking firm of Haugan & Lindgren in 1879...
, he founded the private banking firm of Haugan & Lindgren
Haugan & Lindgren
Haugan & Lindgren was a bank headquartered in Chicago, Illinois. The bank operated from December 8, 1879, until February 10, 1891, from quarters at No. 57 and No. 59 La Salle Street. The bank was a partnership of Helge Alexander Haugan, H. G. Haugan and John R. Lindgren. Haugan & Lindgren was a...
. This bank specialized in serving the growing population of Scandinavian-Americans
Scandinavia
Scandinavia is a cultural, historical and ethno-linguistic region in northern Europe that includes the three kingdoms of Denmark, Norway and Sweden, characterized by their common ethno-cultural heritage and language. Modern Norway and Sweden proper are situated on the Scandinavian Peninsula,...
in the Chicago area. In 1891, the bank was incorporated as the State Bank of Chicago
State Bank of Chicago
State Bank of Chicago was an American banking firm which conducted business under a state of Illinois charter issued on February 10, 1891. State Bank of Chicago operated from offices in the Chamber of Commerce Building located at the southeast corner of La Salle and Washington streets in Chicago,...
. His elder brother, H. G. Haugan
H. G. Haugan
-Background:Hauman G. Haugan was born in Oslo, Norway, the elder son of Helge A. and Anna B. Haugan. Together with his brother Helge Alexander Haugan, he immigrated to Canada and moved to Montreal in 1859.-Career:...
, was a major investor in both banking firms.
Following the death of Helge Haugan in 1909, his son Henry Alexander Haugan became president of the bank. Both Haugan Elementary School and Haugan Middle School in Chicago Public Schools
Chicago Public Schools
Chicago Public Schools, commonly abbreviated as CPS by local residents and politicians and officially classified as City of Chicago School District #299 for funding and districting reasons, is a large school district that manages over 600 public elementary and high schools in Chicago, Illinois...
District 299 are named for Helge A. Haugan.