Login Personal Banking Checking CDs Debit Cards Foreign Currency Investments & Annuities IRAs Mortgages Savings & Money Market Telephone Banking Business Banking Business Checking Emigrant Bank Debit Lease Security Deposits Employer Pension Plans Business Financing Commercial Real Estate Small Balance Commercial Small Business Loans About Us History Locations Privacy/Security Contact Us In The Community Current Promotions Branch Events Careers EMC Licenses Accessibility FAQs History Emigrant Bank has a rich heritage dating back to 1850, when it was founded by Irish immigrants as a mutual saving bank to serve the financial needs of a growing America and dynamic immigrant population. The roots of Emigrant Savings Bank began on September 30, 1850 when its founders leased a small building at 51 Chambers Street. That day, Emigrant Savings Bank was open for business and received its first deposits. Within a very short period of time, Emigrant Savings Bank was the seventh largest bank in the country, with assets exceeding 1.3 million dollars. In its effort to support New York City, the Bank invested significant funds back into the community by underwriting construction loans for two transformational and visionary projects: Saint Patrick's Cathedral and a public works project that later became Central Park. This commitment to community, the city in which we were founded, and the customers we serve enabled the bank to expand its operation, establish trust with its depositors by providing consistent returns on deposits, and build its reputation as a sound and responsible financial institution. Over the next century, Emigrant endured the severe tests of the Great Depression and other economic crises -- which toppled innumerable commercial banks -- only to emerge stronger and growing, thanks to the wisdom and prudent guidance of the Trustees at its helm. In the following five decades, Emigrant Savings Bank solidified its position in the banking industry as the largest private bank in the country. 1986 marked a significant date for Emigrant Savings Bank when the Milstein family saved the bank during the last financial crisis. Under the guidance of Howard P. Milstein, Emigrant continues to be the largest privately held bank in the country and has been fortified and strengthened for the future. Through 16 decades of financial market fluctuations, wars and recessions, Emigrant has ensured the safety and protection of its depositors. Emigrant has helped millions of customers realize their dreams and ambitions and is acclaimed for servicing the credit and banking needs of the New York community for over 170 years. Emigrant Mortgage Company, Inc., a wholly-owned subsidiary of Emigrant Savings Bank specializes in creative financing solutions for residential properties. As a "niche" lender, Emigrant applies common sense underwriting to close loans which do not "fit the box" of most other lenders. As a jumbo/super-jumbo lender, Emigrant regularly closes loans with loan amounts up to $10 million. Emigrant has built a strong reputation for closing condominium and cooperative loans as routinely as 1-4 family loans. In addition to portfolio programs, Emigrant Mortgage also offers traditional Agency (Fannie Mae/Freddie Mac) fixed rate products. Emigrant Funding Corp., is a direct portfolio lender specializing in first mortgage financing for most types of owner-occupied and investor-owned commercial real estate. EFC specializes in providing loans collateralized by multi-family and mixed use properties. Additionally, Emigrant Funding through Emigrant Bank, is a participating Small Business Administration (SBA) Lender, offering the SBA 504 Program. Emigrant Business Credit Corp. (EBCC) provides innovative senior debt solutions to companies located throughout North America. We also work closely with private equity sponsors to support the financing needs of their portfolio companies. Emigrant Financial Services (EFS), a service of Essex National Securities and Emigrant Agency, Inc. offers investment products and life insurance from top-rated mutual fund and insurance companies. Emigrant Capital is a $150 million private investment firm that makes direct investments in private companies with sales between $20 million and $100 million. We partner with outstanding managers to provide equity for corporate buyouts, recapitalizations, and growth capital investments. Emigrant Bank Fine Art Finance lends money to clients using their art and antiques as collateral, offering competitive bank interest rates and discreet professional service. Its sole business is to provide art financing. Emigrant Bank has a rich heritage dating back to 1850, when it was founded by Irish immigrants as a mutual saving bank to serve the financial needs of a growing America and dynamic immigrant population. The roots of Emigrant Savings Bank began on September 30, 1850 when its founders leased a small building at 51 Chambers Street. That day, Emigrant Savings Bank was open for business and received its first deposits. Within a very short period of time, Emigrant Savings Bank was the seventh largest bank in the country, with assets exceeding 1.3 million dollars. In its effort to support New York City, the Bank invested significant funds back into the community by underwriting construction loans for two transformational and visionary projects: Saint Patrick's Cathedral and a public works project that later became Central Park. This commitment to community, the city in which we were founded, and the customers we serve enabled the bank to expand its operation, establish trust with its depositors by providing consistent returns on deposits, and build its reputation as a sound and responsible financial institution. Over the next century, Emigrant endured the severe tests of the Great Depression and other economic crises -- which toppled innumerable commercial banks -- only to emerge stronger and growing, thanks to the wisdom and prudent guidance of the Trustees at its helm. In the following five decades, Emigrant Savings Bank solidified its position in the banking industry as the largest private bank in the country. 1986 marked a significant date for Emigrant Savings Bank when the Milstein family saved the bank during the last financial crisis. Under the guidance of Howard P. Milstein, Emigrant continues to be the largest privately held bank in the country and has been fortified and strengthened for the future. Through 16 decades of financial market fluctuations, wars and recessions, Emigrant has ensured the safety and protection of its depositors. Emigrant has helped millions of customers realize their dreams and ambitions and is acclaimed for servicing the credit and banking needs of the New York community for over 170 years. Emigrant Mortgage Company, Inc., a wholly-owned subsidiary of Emigrant Savings Bank specializes in creative financing solutions for residential properties. As a "niche" lender, Emigrant applies common sense underwriting to close loans which do not "fit the box" of most other lenders. As a jumbo/super-jumbo lender, Emigrant regularly closes loans with loan amounts up to $10 million. Emigrant has built a strong reputation for closing condominium and cooperative loans as routinely as 1-4 family loans. In addition to portfolio programs, Emigrant Mortgage also offers traditional Agency (Fannie Mae/Freddie Mac) fixed rate products. Emigrant Funding Corp., is a direct portfolio lender specializing in first mortgage financing for most types of owner-occupied and investor-owned commercial real estate. EFC specializes in providing loans collateralized by multi-family and mixed use properties. Additionally, Emigrant Funding through Emigrant Bank, is a participating Small Business Administration (SBA) Lender, offering the SBA 504 Program. Emigrant Business Credit Corp. (EBCC) provides innovative senior debt solutions to companies located throughout North America. We also work closely with private equity sponsors to support the financing needs of their portfolio companies. Emigrant Financial Services (EFS), a service of Essex National Securities and Emigrant Agency, Inc. offers investment products and life insurance from top-rated mutual fund and insurance companies. Emigrant Capital is a $150 million private investment firm that makes direct investments in private companies with sales between $20 million and $100 million. We partner with outstanding managers to provide equity for corporate buyouts, recapitalizations, and growth capital investments. Emigrant Bank Fine Art Finance lends money to clients using their art and antiques as collateral, offering competitive bank interest rates and discreet professional service. Its sole business is to provide art financing. About Us History Locations Privacy/Security Contact Us In The Community Current Promotions Branch Events Careers EMC Licenses Accessibility © 2021 Emigrant. Member FDIC. Equal Housing Lender. All Rights Reserved. Deposit accounts are fully FDIC insured, as applicable. Online Banking Disclosure Privacy/Security Accessibility FAQs