Company Profile
- Israel Discount Bank of New York (“IDB Bank” or “the bank”) is a $12.2 billion-asset bank that is wholly-owned by Israel Discount Bank Limited (“IDB Ltd.” or “the group”) – a ~$100 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.
- 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 in South America as well.
- IDB Bank’s ~$8 billion loan portfolio is heavily weighted towards commercial borrowers, with a reasonably well-diversified (by industry) C&I book representing more than 50% of the total portfolio and CRE loans representing an additional ~33%. Despite this commercial focus,…