Crain’s: Failed Seaway Bank Gets Yet Another Owner — A Credit Union

Friday, March 10, 2017 || By Local News Curator || @maywoodnews Seaway Bank & Trust — once the state’s largest black-owned minority bank and the sixth largest in the country — has yet another owner after the bank shutdown and its assets were acquired by State Bank of Texas in January. A March 10 Crain’s report announced that the Dallas-based bank is selling the branches and … Continue reading Crain’s: Failed Seaway Bank Gets Yet Another Owner — A Credit Union

Crain’s: Seaway Bank’s New Owners Will Preserve Its Name, Say Deposits are Safe | But Who to Blame for the Failure?

Seaway Bank & Trusts’ Maywood branch. Chicago’s largest black-owned bank failed earlier this year. | File Monday, February 13, 2017 || By Local News Curator || @maywoodnews A Feb. 4 Crain’s Chicago Business report caught up with Sushil Patel, the president of State Bank of Texas, which now owns the now-defunct Seaway Bank & Trust, once the state’s largest black-owned bank. Patel told Crain’s reporter … Continue reading Crain’s: Seaway Bank’s New Owners Will Preserve Its Name, Say Deposits are Safe | But Who to Blame for the Failure?