Seaway Bank and Trust Company
Chicago, IL · Owner: Seaway Bancshares Inc
$298M
total assets, December 31, 2016
$298M
total assets, December 31, 2016
Seaway Bank and Trust Company was a state nonmember bank in Chicago, IL, owned by Seaway Bancshares Inc. It failed on Jan 27, 2017, and State Bank Of Texas took over its deposits. At its last report it held $297.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2016
This bank failed
- Failed on
- Jan 27, 2017
- Assets
- $298M
- Deposits
- $257M
- Estimated cost
- $43.7M
- Deposits went to
- State Bank Of Texas, Dallas, TX
Total assets
$298M
-19.5% in a year · -17.5% in a quarter
Deposits
$257M
-12.3% in a year · -16.5% in a quarter
Loans
$202M
-13.4% in a year · -5.9% in a quarter
Profit so far
-$25.7M
Jan 1 to Dec 31, 2016
Capital ratio
-1.79%
-7.48 pts in a year
Return on assets
-7.22%
-4.29 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 645 E 87th St, Chicago, IL, 60619
- County
- Cook
- Holding company
- Seaway Bancshares Inc
- Established
- Jan 2, 1965
- Failed
- Jan 27, 2017
- Employees
- 201
- Branches
- 10 in 2 states
- Id
- b19328
Quarter by quarter
March 31, 1984 to December 31, 2016
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Seaway Bank and Trust Company?
$297.8 million in total assets and $256.5 million in deposits as of December 31, 2016, with assets down 19.5% from a year before. Its loans were $202.3 million.
How many branches does Seaway Bank and Trust Company have?
10 branches in 2 states as of June 30, 2026.
Is Seaway Bank and Trust Company profitable?
No: it lost $25.7 million from January 1 to December 31, 2016. Its return on assets was -7.22% a year; about 1% is typical.
Who owns Seaway Bank and Trust Company?
Seaway Bank and Trust Company is owned by Seaway Bancshares Inc, its holding company.
When did Seaway Bank and Trust Company fail?
Jan 27, 2017. State Bank Of Texas of Dallas, TX took over its deposits. The estimated cost of the failure was $43.7 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.