THE CFC STORY
CFC originally began as the Cook Financial Corporation as a means for the Cook family to assist its employees with no-interest loans rather than acquiring a bank loan. By the 1970s the loan program was no longer necessary. During this time, the corporation morphed into a real estate development and management company. Bill Cook did not want his name to be part of the new company name, so it remained as only CFC. Years later, “Properties” was added to the name to help clarify the business.
“We love historic buildings’ character, history and beauty. We’ve seen the impact preservation projects can have on people’s daily lives.”
– Bill Cook
CFC’s original board members included Bill Cook, Dan Sterner, Miles Kanne, Phil Hathaway, and Steve Ferguson. Steve Ferguson was the first President of CFC. Following Ferguson’s leadership, Jim Murphy was named President in 1993.
What began as Bill and Gayle Cook’s, founders of CFC, passion for restoring historic and architecturally significant structures eventually sparked the revitalization of downtown Bloomington, Indiana, additional areas within Indiana, and Canton, Illinois. Their efforts lead to preserving timeless pieces of history, including over a century of embodied energy, and boosting the economic climate of multiple communities allowing residents and businesses to thrive.
The greatest resource in the Cook’s restoration efforts has been CFC Properties. CFC services four industries within the marketplace – commercial, retail, residential, and hospitality. Operating nearly half a century, CFC’s portfolio has fluctuated with an abundance of commercial, retail, residential, and hospitality properties.
By the Numbers – An Impressive Track Record
Year-to-date, CFC Properties, Cook Group, or the Cook family have restored, renovated, or remodeled 55 Properties, 21 of which are listed on the National Register of Historic Places. CFC’s catalyst restoration projects in Bloomington have included the James Cochran House, Graham Plaza, Fountain Square, Grant Street Inn, and Showers Plaza – all considered important iconic, historical structures. CFC partnered with the Historic Landmarks Foundation of Indiana to stabilize and restore the historic West Baden Springs Hotel and the French Lick Springs Hotel; both located in southern Indiana.
Three historical structures have also been restored, which include the murals inside the Monroe County Courthouse’s dome, the Rose Hill Fountain located in the Waldron, Hill and Buskirk Park (formerly the Third Street Park), and a Hay Press located in the O’Bannon Woods State Park.
In addition, 13 new construction projects have been completed. Of those buildings, two include green features, The Kirkwood, one of Bloomington’s first luxury apartment complexes, and The Hoosier House at the Grant Street Inn, a luxury boutique inn.
Overall, CFC has made a phenomenal community impact – a total of 68 buildings and three restored historic structures.