Professional Career
While alderman, Banks worked as an attorney in private practice. Banks is a lobbyist registered with Cook County and the State of Illinois. Banks is co-counsel with Morrill and Associates, P.C., a law firm specializing in Illinois state and local government relations.
Banks is also Of Counsel with the law firm of his brother, criminal defense attorney and lobbyist Samuel V. P. Banks, which is also the law firm of Banks' nephew, zoning lobbyist James J. Banks. Belmont Bank & Trust, a bank in Banks' 36th ward, was founded in 2006 by and is owned by James J. Banks, who is also chairman of the bank's board of directors and the bank's landlord. Other directors of Belmont Bank & Trust include Samuel V. P. Banks (William's brother and law partner and James' father and law partner), State Senator James DeLeo, and waste management consultant Fred Bruno Barbara. Belmont Bank and Trust is a designated Municipal Depository bank for the City of Chicago.
After his retirement from Chicago City Council, Alderman Banks became a named partner in the firm Schain, Burney, Banks & Kenny, Ltd., where he practices as an attorney. He counsels clients on matters related to land use, real estate development, real estate tax reduction, litigation strategy, and state, county and federal government relations and approvals.
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