Financial Services >> CEO Interviews >> June 8, 1998

Fred Abdula – Northern States Financial (nsfc)

FRED ABDULA is Chairman of the Board & CEO of Northern States Financial Corp. 1943: Graduated from high school. 1943-1946: United States Marine Corps- South Pacific. 1950: Graduated University of Illinois- B.S.M.E. 1950-1952: Development Engineer- Deep Freeze (refrigeration). 1952-1954: Development Engineer- Johnson Motors (outboard motors). 1955: Started Air Con Refrigeration and Heating Inc. 1975: Elected to the Board of Directors of the Bank of Waukegan (23 years). 1982: Elected to Chairman of the Board of Directors of the Bank of Waukegan and CEO (16 years). 1992: Elected to Chairman of First Federal Bank and CEO (6 years). MAJOR ACCOMPLISHMENTS- 1947: Licensed Professional Engineer- State of Illinois. 1993: Financial World Magazine- CEO of the Year for $300,000,000 Bank. Profile
TWST: Give us a brief summary, a bit of a historical sketch on Northern

States Financial, if you would, and then bring us up to date. What do

you see as the challenges and opportunities for your