Annual Reports

Emigrant Bank 2023 Annual Report

Emigrant Bank retains over 4,800 mortgage loans totaling nearly $1.4 billion on our balance sheet. Emigrant's three internet bank initiatives; EmigrantDirect, DollarSavingsDirect and MySavingsDirect are ideal platforms for our customers to bank and save via the internet. Overall our diversified internet and branch based deposits of approximately $4.7 billion serve over 183,000 accounts in all 50 states.

Throughout our continuous 174 year history, Emigrant Bank has focused on its mission to serve the banking needs of small savers. To this day, an interest bearing savings account can be initiated with as little as one dollar at an attractive rate of interest, free of account fees, and is FDIC insured up to $250,000 per depositor. We pride ourselves in the elegant simplicity of our banking and lending offerings. Competitors sometimes offer unnecessarily complex products with an intention to harvest fees from their clients rather than to serve their best financial interest.