Emigrant Savings Bank
Organization's Own Description:
Emigrant Bank was founded by Irish emigrants as a mutual savings bank in 1850. By the 1920s it had grown to become the largest savings bank in the nation.
As of December 31, 2010, Emigrant Bank and its affiliated Regional Banks* have approximately $11.9 billion in assets and $1.3 billion in total equity capital. Emigrant Bank itself has $8.8 billion of assets and more than $1 billion in total equity capital.
As a traditional savings bank, Emigrant Bank, through its mortgage banking subsidiary, Emigrant Mortgage Company, is licensed to originate home loans and has provided 16,700 home loans. Emigrant Bank's wealth management division, New York Private Bank & Trust, has its own deposit products starting at $2,000,000. Emigrant Bank is regulated by both State and Federal regulators. All deposits are insured by the FDIC up to the legal limit. read more