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New York Private Bank & Trust

From Wikipedia, the free encyclopedia

New York Private Bank & Trust Corporation is a bank holding company headquartered in New York City, United States. Howard Milstein is the chairman, president and CEO. As of early 2007, it had US$17.3 billion in assets and was the 50th largest bank holding company in the United States.[1] As of March 31, 2019 its assets were US$5.716 billion.[2] The company had 1,221 employees in 2019.[3]

History

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  • 2003 - ESB ACQUISITION CORP. was established as a Bank Holding Company[4]
  • 2004 - ESB ACQUISITION CORP. changed to the new name NEW YORK PRIVATE BANK & TRUST CORPORATION[4]
  • 2006 - New York Private Bank & Trust Corporation changed from Bank Holding Company to Financial Holding Company - Domestic.[4][5]
  • 2010 - voluntarily relinquished FDIC deposit insurance and changed legal name to New York Private Trust Company[5][6]

Subsidiaries

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Name Asset size (Q1 2019)
Emigrant Bank US$5.696 billion
Emigrant Mercantile Bank US$3.439 million

Notes

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  1. ^ "Top 50 bank holding companies". Federal Financial Institutions Examination Council. 2007-03-31. Retrieved 2007-04-15.
  2. ^ "NYPBT". Retrieved June 16, 2019.
  3. ^ "Company Overview of New York Private Bank & Trust Corporation". Bloomberg News. Retrieved June 16, 2019.
  4. ^ a b c "Institution Profile". www.ffiec.gov. 2 December 2021. Retrieved 6 December 2021.
  5. ^ a b "BankFind Suite". banks.data.fdic.gov. FDIC. 30 September 2021. Retrieved 6 December 2021.
  6. ^ "Bank Holding Company Detail". FDIC Institution Directory. Federal Deposit Insurance Corporation. 2006-06-30. Retrieved 2007-04-15.
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