Daniel Goodwin: Pan American Is a Labor of Love

Crain's Chicago Business
Monday, September 8, 2014

Chicago real estate magnate Daniel Goodwin describes his ownership of Pan American Bank as a labor of love, his way of promoting entrepreneurship in disadvantaged neighborhoods. Goodwin sets strategy and handles board matters as chairman of Pan American's holding company. “The most satisfaction I get from banking is working with Pan American Bank in making creative loans to startup businesses, particularly in the inner city,” Goodwin said. Since Goodwin bought the bank in 2007, its size has increased rapidly; after Pan American's recently announced acquisition of Bank of Palatine, it will have grown to nearly $300 million in assets, up from $34 million seven years ago.