# SEAWAY BANK AND TRUST COMPANY

> **Failed bank** · CHICAGO, IL · failed 2017-01-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $44M

## What happened

SEAWAY BANK AND TRUST COMPANY of CHICAGO, IL was closed by regulators on **2017-01-27**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **STATE BANK OF TEXAS** (DALLAS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 4090
- **FDIC Certificate:** 19328
- **FDIC FIN:** 10524
- **Bank name:** SEAWAY BANK AND TRUST COMPANY
- **Location:** CHICAGO, IL
- **Failure date:** 2017-01-27
- **FDIC resolution date:** 2017-01-27
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $44M
- **Deposits at failure:** $257M
- **Assets at failure:** $298M
- **Acquiring bank:** STATE BANK OF TEXAS (DALLAS, TX)

## Other banks STATE BANK OF TEXAS has acquired in FDIC resolutions

- THE NATIONAL REPUBLIC BANK OF CHICAGO (CHICAGO, IL) — failed 2014-10-24 — /failed-bank/4073
- MILLENNIUM STATE BANK OF TEXAS (DALLAS, TX) — failed 2009-07-02 — /failed-bank/3645
- FIRST NATIONAL BANK OF GARLAND (GARLAND, TX) — failed 1990-03-29 — /failed-bank/2716

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SEAWAY%20BANK%20AND%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SEAWAY BANK AND TRUST COMPANY (FDIC ID 4090), failed 2017-01-27. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/4090.

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