Seaway Bank and Trust Company

Areas of Expertise

Seaway Bank and Trust Company is a full-service bank that specializes in Mortgage Lending, Corporate Trust Services and Cash Management Options.

Organization Profile

Established in 1965, Seaway Bank and Trust Company is one of the nation's largest Black-owned banks with 10 locations and more than $516 million in assets as of December 31, 2010.  Our mission remains to help minority entrepreneurs obtain the financial assistance they need and to be responsive to the credit needs of the community. Seaway Bank is also a Community Development Financial Institution (CDFI) under the U.S. Department of the Treasury.

Seaway Bank and Trust Company is a FDIC Member, an Equal Housing Lender, and an Equal Opportunity Employer. Seaway Bancshares, Inc., is the bank's Holding Company.

Professional Background

Walter E. Grady served in the United States Air Force from 1960 – 1965, immediately after attending Morehouse College where he studied Business Administration. From 1965 – 1967, he worked for the United States Postal Service. Afterwards he worked as the Accrual Accountant for Continental Illinois National Bank & Trust Company, and then the Business Manager for Marcy-Newberry Association from 1969 – 1972. Walter E. Grady has since been the President and CEO for Seaway Bank and Trust Company for the last 29 years.

Education/Awards

1978, M.B.A., Roosevelt University (Chicago, IL) / 1969, B.S., Business Administration (Chicago, IL) / 1957-1960, Business Administration, Morehouse College (Atlanta, GA) / American Institute of Banking

Business/Community Affiliations

Mr. Grady has received numerous commendations for his work in the community. He is a board member with the following organizations: Seaway Bank and Trust Company / Seaway Bancshares, Inc.  / Illinois Bankers Association / Boy Scouts Area Council / Commissioner - Illinois Commission on Volunteerism / Community Service - 111th Street YMCA / Roosevelt University Board of Governors / Roosevelt University Career Services Advisory Board / United Methodist Foundation / Seaway Community Development Corp.

Grady is a member with the following: National Bankers Association / American Bankers Association / American Management Association / Chicago Chamber of Commerce / Chatham Lions / Economic Club of Chicago / Crete United Methodist Church / Alpha Phi Alpha Fraternity / Alliance of Business Leaders & Entrepreneurs

Certifications

City of Chicago, Minority Business Enterprise / Chicago Minority Business Development Council / National Minority Suppliers Purchasing Council / U.S. Dept. of the Treasury Minority Bank Deposit Program