Seaway Bank, Lender to Maywood Taxing Bodies, in Financial Trouble

Wednesday, June 15, 2016 || By Michael Romain || @maywoodnews || @village_free Seaway Bank & Trust, the largest black-owned bank in the Midwest, may have to start raising money to stay solvent, according to a June 11 Crain’s report. As of March 31, the business publication noted, Seaway had lost a total of $16 million over the last 15 months. “Seaway is currently engaging investment bankers for a … Continue reading Seaway Bank, Lender to Maywood Taxing Bodies, in Financial Trouble