Press Releases

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Seaway Bank Opens New Location in Bronzeville
9/22/2009
CHICAGO (September 15, 2009) – Seaway Bank and Trust Company recently opened for business in the heart of Chicago’s historic Bronzeville neighborhood, in the landmark Supreme Life Insurance Building at 3501 S. King Dr. To mark the occasion, the bank will host “Building A New Tradition in Bronzeville,” an open house and celebration on Friday, September 25, from 12:30 p.m. to 4:30 p.m. The general public is invited to attend, and open house festivities will include free gifts, a complimentary lunch, V103 radio personality Herb Kent, DJ Kool Ron, plus entertainment for the children. Guests can also register through October 28 for a chance to win several grand opening prizes, including a flat screen TV and a trip to Las Vegas.

More than four decades ago, Seaway Bank made history when it opened for business with a mission to counter discriminatory lending practices on Chicago’s South Side. Since that time, Seaway continues to perform as a premier financial institution, providing a broad range of financial services, while charting a rich and storied legacy of opening doors and helping to build communities throughout Chicago. The bank’s reputation as an anchor for neighborhood economic development makes it the perfect fit for the resurgent Bronzeville community.

“We at Seaway don’t feel like we’re a new tenant at our newest location. We feel that we’ve been welcomed home,” states Walter E. Grady, president and CEO. “[The former] Supreme Liberty Life Insurance Company was actually the first northern Black-owned insurance company, and in its heyday was one of only a few places where African Americans could secure white-collar jobs. We’re proud to continue that important heritage by bringing the array of financial services that Seaway offers to Bronzeville,” adds Grady.

Of course, making history is not a new concept to Seaway Bank and its customers. Today, the bank is recognized as the largest Black-owned bank in the Midwest, one of only a few minority-owned banks with corporate trust services, and the only minority-owned bank with depository and foreign currency exchange operations at major city airports. The bank also supports many churches, schools and community groups through charitable donations.

Seaway Bank and Trust Company is a full-service commercial bank that emphasizes quality service and community commitment. Established in 1965 as Seaway National Bank of Chicago, the founders – a group of local businessmen – sold shares door-to-door throughout the community to raise the $1 million in capital needed to secure the Federal charter. By the end of its first year, Seaway’s assets had climbed to more than $5 million, and the bank has steadily grown ever since. In 2007, the bank converted to a state charter and was renamed Seaway Bank and Trust Company. For more information about Seaway Bank, contact (773)487-4800. Seaway Bank is an FDIC member and an Equal Housing Lender.

UPDATED 9/22/2009

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