👉 Seabank is a type of bank that operates in the United States, primarily serving small businesses and individuals. It was established by the Federal Reserve System in 1934 as a non-banking institution to provide financial services to small and medium-sized enterprises (SMEs). The bank provides loans, lines of credit, and other forms of financing to its customers. Seabanks are typically smaller than larger banks and operate under a federal system. They often have high customer service levels and
