Longtime Chicago Banker Adam Jahns Passes Away at 96 Years Old

Chicago: Adam Jahns, who led Cragin Federal Bank for over two decades, passed away on December 21 at the age of 96. His daughter, Donna Egly, shared that he died of natural causes. Jahns was a longtime resident of Lake Geneva and previously lived in Elmhurst.

Born in Chicago, Jahns grew up in Portage Park. He attended local schools and earned a degree from Loyola University Chicago, later getting a master’s in banking from Indiana University. He started his banking career in 1955 at Cragin, which had just one office and $12 million in assets.

Under Jahns’ leadership, Cragin expanded significantly, growing to 27 branches and over 650 employees. His brother, Richard, noted that Jahns was the driving force behind the bank’s success, emphasizing the importance of community trust and service. Jahns was known for his ability to learn from others’ mistakes, which helped the bank navigate challenges like the national savings and loan crisis in the 1980s.

He was also recognized for building a strong team, with many of his deputies staying for decades. Jahns was involved in various community projects, including funding developments in the suburbs. His contributions earned him lasting recognition, with streets named in his honor.

In 1991, Jahns took Cragin public, and the following year, he accepted a $500 million offer from ABN AMRO to acquire the bank. He served on several banking boards and was respected in the industry for his integrity and mentorship.

Jahns is survived by his wife, Virginia, their children, grandchildren, and great-grandchildren. Services were held to honor his life and legacy.