May 11, 2009
7. Seaway Bank and Trust Co.
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.