Annual Reports

Emigrant Bank 2022 Annual Report

Emigrant Bank and its Affiliated Banks services around 200,000 depositor accounts and retains over 5,100 mortgage loans totaling nearly $1.4 billion on our balance sheet. Emigrant's three internet bank initiatives; EmigrantDirect, DollarSavingsDirect, and MySavingsDirect are invaluable and effective ways for our customers to bank and save via the internet. Our diversified internet deposit base of approximately $3.6 billion serves 172,000 accounts in all 50 states.

True to our 173 year history of serving small savers, nearly all of Emigrant's internet deposit accounts can be opened with as little as $1. Depositors earn an attractive rate of interest, free of any account fees, and are FDIC insured up to $250,000 per depositor. Our online savings accounts are consistent with our original banking charter. They offer safety, simplicity, and security akin to the reliability that Passbook Savings Accounts once afforded previous generations. All delivered in a modern easy to access and navigate online banking format.