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About Emigrant
Emigrant Savings Bank was founded by Irish emigrants as a mutual savings bank in 1850. By the 1920?s it had grown to become the largest savings bank in the nation.
Today, Emigrant has $10 billion in assets and more than $1 billion in net worth. It operates as a full service bank through 36 branches in the New York metropolitan area, and through EmigrantDirect.com on the internet.
As a traditional savings bank, Emigrant originates home loans in New York and 19 other states. Last year, Emigrant provided 5,000 home loans totaling $1.62 billion. As of year-end 2004, Emigrant has 250,000 depositors and 22,000 home loans. In addition to its own substantial loan portfolio, Emigrant has a loan-servicing portfolio of more than $7 billion for third parties.
Emigrant's wealth management division, New York Private Bank & Trust, has its own deposit products starting at $1,000,000. Emigrant Savings Bank is regulated by both State and Federal regulators. All deposits are insured by the FDIC up to the legal limit.