Company Profile
- Israel Discount Bank of New York (“IDB Bank” or “the bank”) is a $13.9 billion-asset bank that is majority-owned by Israel Discount Bank Limited (“IDB Ltd.” or “the group”) – a ~$115 billion USD-asset bank based in Tel Aviv, Israel – through U.S. holding company Discount Bancorp, Inc. (“DB”). Formed in 1935, IDB Ltd. ranks among Israel’s largest banks, having begun NYC operations in 1949. In August 2024, a 15% interest in IDB Bank was sold to U.S.-based, Gallatin Point Capital for $150 million. The deal gives Gallatin one board seat, while IDB Ltd. retains controlling share of its U.S. subsidiary. The strategic partnership aims to accelerate IDB Bank’s long-term growth strategy and add a perspective of U.S. markets.
- With a focus on middle-market, commercial customers, and high net worth private banking clients through its ‘branch-lite’ business model, IDB Bank’s core presence is in greater-NYC (4 branches), with Los Angeles and South Florida branches and…