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SR0228 |
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LRB094 12439 HSS 46829 r |
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| SENATE RESOLUTION
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| WHEREAS, The members of the Senate of the State of Illinois |
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| learned with regret of the death of E. Lawrence "Larry" Young, |
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| Jr., of Wheaton on Saturday, April 23, 2005; and
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| WHEREAS, Born in Oak Park, he moved to Glen Ellyn in 1931, |
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| when his father started Young's Home Utilities, which sold |
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| items ranging from boilers to records; after he graduated from |
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| Glenbard West High School in 1946, he received a business |
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| degree from Grinnell College in Iowa; he then enlisted in the |
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| Air Force and served from 1951 to 1955 at Elmendorf Air Force |
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| Base in Anchorage, Alaska; and
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| WHEREAS, When he returned, he joined the family business, |
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| which was then known as Freeze-Rite Locker; the store also |
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| provided butcher services and rented freezers; in 1966 the |
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| store flooded and was reopened a year later as Young's |
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| Appliances; in the late 1970s, his father left the business; |
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| Mr. Young recently renovated the store to keep up with big |
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| retailers; and
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| WHEREAS, Mr. Young was on the Glen Ellyn Village Board from |
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| 1978 to 1981 and started the process that brought cable |
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| television and Lake Michigan water to the village; as he |
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| watched local banks being swallowed up by larger firms in the |
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| 1980s, he developed a consortium of local investors to start |
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| Center Bank in Glen Ellyn, which focused on the community |
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| rather than the bottom line; and
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| WHEREAS, When Center Bank was bought by a larger bank, he |
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| vowed to start again and, with most of the original investors, |
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| formed Community Bank Wheaton/Glen Ellyn 10 years later with no |
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| shareholder owning more than 5 percent; the goal was to bring |
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| back relationship-oriented banking and involve the community; |
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| Mr. Young saw the need for specialized service, and the bank |