Former Financial Icon Clark Burrus dead at 86

By Chinta Strausberg

Funeral services will be held 12 Noon Thursday, June 25, 2015, at the Congregational Church of Park Manor, UCC, 7000 So. King Dr., for former financial icon Clark Burrus, his wife, Lucille Burrus confirmed Tuesday morning.

Viewing of Mr. Burrus, who passed away after a long illness last Wednesday, June 17, 2015 at the age of 86, will be held Wednesday, June 24, 2015,  from 12 noon to 5 p.m., at the Cage Memorial Chapel, 7651 South Jeffery Blvd.

Funeral Services will be held from 10 a.m. to 12 noon, Thursday, June 25, 2015, at the Congregational Church of Park Manor UCC, 7000 So. King Drive.

Mr. Burrus was born in Chicago on November 5, 1928 and grew up on the South Side of Chicago. A 1946 graduate of Englewood High School, Burris enrolled at the Texas State University but returned to Chicago where he earned a Bachelor of Science degree in 1954 and a Master’s Degree in 1972 at Roosevelt University.

He began a long career with the city of Chicago after graduation beginning in 1954 and ending in 1979 and served under several mayors including Mayors Martin Kennelley, Richard J. Daley, Michael Bilandic and Jane Byrne.

It was in 1973 when Mr. Burrus was named the city comptroller and the city’s chief financial officer where for the first time in the history of Chicago the city received its first double A bond rating for conformance in accounting.

In 1979, Mr. Burrus became the senior vice president of the First National Bank of Chicago where he worked in the Asset and Liability Management Department until 1991 when he became the vice chairman of the First Chicago Capital Markets, Inc. and co-head of the Public Banking Department.

In 1998, Mr. Burrus retired but continued to be involved in the business community having served as an advisor on many boards and committees including being the chairman of the Chicago Council on Urban Affairs Advisory Board and co-chair for the Health Care Sub-Committee of the Cook County Citizens Budget Review Committee.

Mr. Burrus served on the boards of directors of a dozen organizations that included the Economic Development Council, the Harold Washington Foundation and the Urban Gateways.

Mr. Burrus was a member of the Union League Club of Chicago, the Economic Club of Chicago, the Executives Club of Chicago and the Mid-Day Club.

He was wrote a number of articles on minority issues in public finance.

Mr. Burrus leaves to mourn his wife, Lucille, and a son, James.

Burial will be at the Oak Woods Cemetery, 1035 E. 67th St.

Chinta Strausberg is a Journalist of more than 33-years, a former political reporter and a current PCC Network talk show host. You can e-mail Strausberg at: Chintabernie@aol.com.