Israel Discount Bank of New York Surveillance Report
Company Profile
Israel Discount Bank of New York (“IDB Bank” or “the bank”) is a $14.4 billion asset bank majority owned by Israel Discount Bank Limited (“IDB Ltd.” or “the group”), a ~$140 billion 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 and began operations in New York City in 1949. In August 2024, IDB Bank sold a 15% interest to U.S.-based Gallatin Point Capital for $150 million, providing one board seat, while IDB Ltd. retains a 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 representative offices…
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