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7. Seaway Bank and Trust Co.
- 2009 Rank: 7 (Last Year: 5)
- Chief Executive(s): Walter E. Grady
- Business Type: bank
- Address: 645 E. 87th St.
Chicago, IL - Staff: 242
- Year Started: 1965
- Website: http://www.seawaybank.us
Financial Information
- Assets: $363.0
- Capital: $36.0
- Deposits: $315.0
- Loans: $196.0
Seaway Bank & Trust Co. was created by a group of Chicago businessmen in 1965 to combat the discriminatory lending practices on Chicago’s South Side. During its first year, Seaway’s assets grew to over $5,000,000.
More than 40 years later, Seaway is recognized as the largest black-owned bank in the Midwest and seventh-largest bank in the nation. The financial institution specializes in mortgage lending, corporate trust services, and cash management.
Seaway also holds the distinction of being the only minority-owned bank with depository and foreign currency exchange operations at a major city airport--Chicago O’Hare International Airport.
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