Seaway Bank and Trust Company

Status:Inactive as of 2017-01-27
 Absorption - Assisted
Successor Bank:State Bank of Texas
Headquarters:Seaway Bank and Trust Company
645 East 87th Street
Chicago, IL 60619
Established:1965-01-02
FDIC Insurance:1965-01-02
FDIC Cert:#19328
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:10
Total Assets:$297,809,000
Total Deposits:$256,505,000

History

1965-01-02Institution established: Original name:Seaway National Bank of Chicago
1983-07-11Acquired (16946)
1992-11-10Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2007-12-30Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2007-12-30Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION
2007-12-30Changed name to Seaway Bank and Trust Company
2010-10-22Acquired First Suburban National Bank (16089) in MAYWOOD, IL as part of a government assisted transaction.
2011-03-11Acquired Legacy Bank (34818) in MILWAUKEE, WI as part of a government assisted transaction.
2017-01-27Failed. Acquired with government financial assistance and subsequently operated as part of State Bank of Texas (27074)

Financial Information (2016-12-31 and Older)