Update: Giordano's Staying Open in Morton Grove

It was 1987 when Morton Grovers first tasted Giordano's pizza in their hometown. The Chicago-based pizza company opened up its Morton Grove location more than 20 years ago.

On Thursday Giordano's, with a location on Dempster Street, sought Chapter 11 protection, saying in court papers it had “an urgent and immediate need for cash to continue to operate.”

According to the Wall Street Journal, Giordano's "owes more than $45 million to lender Fifth Third Bank."

"The company won approval Thursday to use a portion of its $36 million bankruptcy loan so it can keep its doors open and pay its vendors and its employees during its bankruptcy case."

As to the fate of its Morton Grove store, the store manager told Morton Grove Patch on Friday morning that its local store would not be closing down. She said the same for its Evanston location. The restaurant is privately owned by Franchisee Ted Maurakis.