Seaway Bank sold to State Bank of Texas in FDIC-brokered deal

Chicago Tribune
Friday, January 27, 2017

Seaway Bank & Trust Company, the largest black-owned bank in Chicago, was closed on January 30th by the FDIC and taken over by the State Bank of Texas, the largest Indian-American-owned and operated bank. All 10 Seaway branches are expected to remain open and will continue operating under the Seaway brand.