Financial Disclosure Reports Reveal Fitzgerald Assets Outweigh Durbin's

By Fusco, Chris | Daily Herald (Arlington Heights, IL), June 15, 2000 | Go to article overview

Financial Disclosure Reports Reveal Fitzgerald Assets Outweigh Durbin's


Fusco, Chris, Daily Herald (Arlington Heights, IL)


Financial disclosure reports released Wednesday show Illinois' senior senator with stock and other holdings in the range of $1 million.

His junior counterpart is worth much more.

The federally required reports include information about assets, stock holdings and privately financed trips made by Democratic Sen. Dick Durbin of Springfield and Republican Sen. Peter Fitzgerald of Inverness. Both senators are paid annual salaries of $136,700, but Fitzgerald's disclosure reflects his family's 1994 sale of a chain of suburban banks to the Bank of Montreal.

Fitzgerald, elected in 1998, continues to hold Bank of Montreal stock worth between $25 million and $50 million. He also has stock in seven other banks totaling between $231,000 and $566,000, plus two money market funds and two bank accounts worth a total of between $101,000 and $265,000 each. Assets are reported in ranges on the financial disclosure forms.

Beyond that, Fitzgerald has a mutual fund worth $50,000 to $100,000 and owns a share in Arctic Partner L.P., which holds Bank of Montreal stock, worth $100,000 to $250,000.

Fitzgerald continues to pay loans he took out to finance his campaign against Democrat Carol Moseley-Braun. …

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Financial Disclosure Reports Reveal Fitzgerald Assets Outweigh Durbin's
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