Seaway Bank Announces New Commercial Lender

PRLog (Press Release) - Mar. 20, 2012 - CHICAGO (March 20, 2012) – Melvin Redd has been appointed Assistant Vice President of Commercial Lending at Seaway Bank and Trust Company.  He will be responsible for cultivating commercial loans and for developing faith-based lending opportunities.

Based at Seaway’s main office in Chicago, Mr. Redd is a highly accomplished banker and brings a wealth of knowledge in the real estate industry.  His background includes the development of commercial and small business loans for the Naperville (IL) firm Redd and Associates.  Previously, he served as a faith-based Commercial Loan Officer, Vice President of Commercial Lending and Branch Manager for several financial institutions.

Mr. Redd sees his new position as an opportunity to do what he does best.  “I want to do something for the African-American community,” he said.  “I look forward to helping develop commercial loans and increasing deposits, but I also have a real passion for helping our faith-based communities grow and succeed.”  Mr. Redd noted Seaway’s great reputation and excellent track record in these areas as a perfect fit for him.  “It takes dedication and hard work, but the results are rewarding,” he added.

Originally from Mississippi, Mr. Redd holds a B.A. degree from Tougaloo College.
He is married with three children and is active in St. John AME Church.  He can be reached at 773-602-4116.


About Seaway Bank and Trust Company
Established in 1965, Seaway Bank and Trust Company is a full-service commercial bank that emphasizes quality service and community commitment and is one of the largest Black-owned banks in the nation.  Assets have risen from $5 million during the first year of operation to more than $600 million today.

Seaway Bank has nine branches in the Chicago area, a branch in Milwaukee (WI) and foreign currency exchange centers and banking outlets at O’Hare and Midway international airports.  

For more information about Seaway Bank and Trust Company, call VP/Marketing Officer Claudette Harris at 773-602-4865 or visit http://www.seawaybank.us.  Seaway Bank and Trust Company is an FDIC member and an Equal Housing Lender.

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