The Graveyard › Banks › 2017
Seaway Bank and Trust Company
Chicago, IL · failed January 27, 2017 · FDIC certificate 19328
Seaway Bank and Trust Company of Chicago, IL failed on January 27, 2017. It opened on January 2, 1965, 52 years before. At its last report before that it held $297.8 million in assets and $256.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2011, it held $687.8 million. The FDIC estimates that the Deposit Insurance Fund lost $43.7 million on it.
1984-032016-12
Assets at the end$297.8 millionlast report before January 27, 2017
Deposits at the end$256.5 million
Estimated loss to the fund$43.7 millionDIF
Largest in the quarterly reports$687.8 millionMarch 31, 2011
Equity to assets-1.9%December 31, 2016
Loans not being repaid8.8%noncurrent, December 31, 2016
Return on assets-7.22%a year's rate, December 31, 2016
Staff201full time, December 31, 2016
Also ended in 2017
- First NBC Bank · New Orleans, LA · $3.3 billion in assets
- Guaranty Bank · Milwaukee, WI · $1.0 billion in assets
- Washington Federal Bank For Savings · Chicago, IL · $166.3 million in assets
- Harvest Community Bank · Pennsville, NJ · $124.2 million in assets
- Proficio Bank · Cottonwood Heights, UT · $68.2 million in assets
- Fayette County Bank · Saint Elmo, IL · $34.4 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.