About Us
Mission Statement

To dedicate ourselves to the success of our clients, and to provide quality service and exceptional, personalized attention

To offer innovative and valuable products and services that meet the diverse financial needs of our clients

To provide state-of-the-art technology and ensure utmost security

To adhere to our time-honored tradition of developing long-term, multigenerational relationships


Overview

Israel Discount Bank of New York (the "Bank"), also known by its registered service mark, “IDB Bank®,” is a full service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). The year 2005 marked IDB Bank’s ninth consecutive year of asset growth. Our liquidity and capital ratios are strong, and we are ranked by Crain’s New York Business as the 9th largest commercial bank in the New York area.

IDB Bank provides domestic and international, personal and commercial banking services to its U.S. and foreign clientele through its main office at 511 Fifth Avenue and 1350 Broadway Branch, both in New York City, in addition to branches in Beverly Hills and Downtown Los Angeles, CA; three in South Florida - Aventura, Miami and Boca Raton. The Bank also maintains an offshore Grand Cayman Island Branch; an International Banking Facility at its main office; and representative offices in London, Paris and Santiago. The Bank’s wholly-owned subsidiaries are Discount Bank Latin America, “DBLA,” (www.discbank.com.uy) headquartered in Montevideo, Uruguay, which has served the region for more than 40 years; IDB Capital Corp.*, IDB Bank’s broker-dealer; IDBNY Realty, Inc., a Real Estate Investment Trust ("REIT") incorporated in New York State; and IDBNY Realty (Delaware), Inc., a REIT holding company. IDB Factors®, with offices in NYC and Los Angeles, is the factoring division of the Bank.

IDB Bank’s broad range of banking services includes Personal and Business accounts, Regular Checking Accounts, Basic Banking accounts (NY only), Money Market Savings Accounts, IDBBetter CheckingSM Accounts (personal and not-for-profit), U.S. Dollar and Foreign Currency Time Deposits**, Visa® Credit Cards, ATM Cards (for personal accounts), ATM/Debit Cards (for personal accounts), Safe Deposit Boxes (certain locations), Online Banking, Travelers Checks, Money Orders, Direct Deposit of Social Security and other recurring payments, U.S. Private Banking and International Private Banking, Structured Time Deposits with Principal Protection, Middle Market Lending, Asset Based Lending, Commercial Real Estate Lending, Trademark Financing, Factoring, Trade and Finance (Import, Export and Standby Letters of Credit, Documentary Collections, Bankers’ Acceptances), Money Transfers, Lockbox Facilities, Cash Management and Safekeeping and Custody of Securities.

Non-deposit investment products*** such as U.S. Government and Agency Securities, Corporate Stocks & Bonds, Offshore and Domestic Mutual Funds and Capital Market Instruments are available through our broker-dealer subsidiary, IDB Capital Corp*. Furthermore, IDB Capital Corp.'s Bond BuildersSM can customize bonds to your specifications (subject to availability and prevailing rates), starting with an investment of $500,000.

*** Non-deposit investment products: (1) are not insured by the FDIC; (2) are not deposits or other obligations of, or guaranteed by IDB Capital Corp., the Bank or any other affiliate; and (3) may lose value. Certain non-deposit investment products are not available to U.S. citizens or residents and may not be available for purchase or sale in the U.S.

*Member NASD/SIPC

History

IDB Bank is a subsidiary of Israel Discount Bank Limited, "IDB Ltd." (www.discountbank.net), which is headquartered in Tel-Aviv, Israel. Founded in 1935 by the late Mr. Leon Recanati, IDB Ltd. is one of the three largest commercial banks in Israel and one of the 300 largest banks in the world. IDB Ltd. and its subsidiaries have a network of branches and representative offices in Israel and abroad, with several thousand employees. Outside of Israel, in addition to its subsidiaries IDB Bank and Israel Discount Bank (Switzerland), IDB Ltd. maintains overseas branches in London and the Cayman Islands. IDB Ltd. also has representative offices in Berlin, Buenos Aires, Paris, Santiago and São Paulo and enjoys an extensive international network of correspondent banks.

IDB Ltd. began its operations in New York City in 1949, when it established a representative office. At that time there were only a few employees and limited contact with the public. In 1962, IDB Ltd. became one of the first foreign banks to open a branch in New York when the New York State banking law was changed to allow foreign banks to operate branches here. In 1967, Israel Discount Bank Ltd. acquired the Hias Immigrant Bank and changed the name to IDB Trust Company, an FDIC-insured institution. Ultimately, in 1980, the branch's assets were transferred to the renamed, wholly-owned IDB Ltd. subsidiary, Israel Discount Bank of New York. "IDBNY" also took over a major portion of the western hemisphere banking operations of its Tel-Aviv parent. Subsequently, the Bank took on more contemporary nomenclature with the registered service mark "IDB Bank." In March 2000, IDB Bank became a wholly-owned subsidiary of Discount Bancorp, Inc., a Delaware holding company it formed to hold its shares.

The latest significant milestone in the Bank’s history occurred in late January 2006, when the sale of controlling interest in IDB Ltd. by the State of Israel to a private consortium led by international businessman Matthew Bronfman and real estate investor Rubin Schron was concluded; this marked the birth of an exciting new era in the annals of IDB Bank. In addition to their 26% ownership of IDB Ltd.’s outstanding stock, the buyers also received an option, for a period of three years, to purchase an additional 25% of the outstanding stock. This change of control represents an extremely positive and invigorating milestone that we are confident will be the catalyst to an even stronger and more competitive institution.

Corporate Governance

Corporate Governance Guidelines
Code of Conduct

Financial Statements

2007 Annual Report
Financial Highlights
Latest Condensed Consolidated Financial Statements – English
Estados Financieros Condensados y Consolidados Más Recientes

Privacy Policy

At Israel Discount Bank of New York (“IDB Bank*”) we (and our affiliates, together, “we” and “our”) have always believed that the privacy of our client’s information - personal, financial and other - is of paramount importance. It goes to the very heart of our ability to provide our clients with the sophisticated and often sensitive services that they require. In addition, the rapidly-growing use of the Internet adds another dimension to our already extensive efforts to ensure your privacy. Our relationships with our clients are among our most valued assets, both professionally and personally. We at IDB Bank know how important personal privacy is to you. As such, we take steps to safeguard the confidential information that we maintain about you. It is in that spirit that we offer the following assurances:

Collection, Retention and Use of Your Information. In the course of doing business with you, we may collect, retain, and use certain “nonpublic personal information” about you for very limited purposes. This includes information such as:

We use this information: to conduct business with you; to develop or enhance our products and services; to understand your financial needs so that we can provide you with quality products and superior service; and to protect and administer your records, accounts and funds. Certain laws and regulations also require us to collect such information about you.

WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT OUR CUSTOMERS OR FORMER CUSTOMERS TO AFFILIATES OR TO NONAFFILIATED THIRD PARTIES, EXCEPT AS REQUIRED OR AUTHORIZED BY LAW, WITH YOUR CONSENT OR AS OTHERWISE SPECIFIED HEREIN. NEITHER DO WE PROVIDE SUCH INFORMATION TO OTHERS FOR MARKETING PURPOSES.

Our Security Procedures to Protect and Maintain Accurate Information. We maintain physical, electronic and procedural safeguards that comply with federal standards to ensure that your financial information is secure, accurate, current and complete. We will endeavor to respond to requests by you to correct inaccurate information in as timely a manner as feasible. We restrict access to nonpublic personal information about you to those of our employees who need to know that information to provide products or services to you. We update and test our technology on a regular basis to improve the protection of that information and to assure the integrity of our information. We educate our employees about the importance of confidentiality and customer privacy through training programs and internal procedures, and we take appropriate disciplinary measures to enforce employee privacy responsibilities.

Restrictions on Disclosing Nonpublic Information. We do not reveal specific information about your accounts or other personally identifiable data to others for their limited use unless: (1) you request or authorize it or it is otherwise required to complete a transaction initiated by you or otherwise support a service we provide to you; or (2) the disclosure otherwise is required or authorized by law. Where such disclosure is authorized or required, U.S. subsidiaries of IDB Bank and other vendors and service companies must agree with us in writing to safeguard our confidential information about you and the products and/or financial services we provide to you and to abide by applicable law.

We reserve the right to amend this Privacy Policy from time to time.

Member FDIC                        INTL115 (5/06)

*”IDB Bank” is a registered service mark of Israel Discount Bank of New York

Security and Identity Protection

Your security is important to us. Here at IDB Bank we want to provide tools and resources to help prevent identity theft and educate you on security.

EMAIL FRAUD
Don’t Fall Victim to Online Scams

PROTECTING YOURSELF
Simple Steps to Safeguard Your Identity
Tips to Avoid Becoming a Victim of Identity Theft

IDENTITY THEFT - IF YOU ARE A VICTIM
Steps to Take
Instructions and ID Theft Affidavit

Política de Confidencialidad de IDB Bank

En el Israel Discount Bank of New York (en adelante “IDB Bank”*) nosotros (y nuestras empresas afiliadas, colectivamente “nosotros” y “nuestro(s)”) la referencia colectiva incluye también a nuestras empresas afiliadas) siempre hemos creído que la confidencialidad de la información de nuestros clientes – sea personal, financiera o de otro tipo– es de suma importancia. Esto es un aspecto fundamental de nuestra habilidad para proveer a nuestros clientes los servicios sofisticados, y muchas veces sensibles, que requieren. Además, el crecimiento acelerado en el uso del Internet agrega una dimensión adicional a nuestros ya de por sí amplios esfuerzos por asegurar su confidencialidad. La relación que mantenemos con nuestros clientes se encuentra entre los recursos más valiosos con los que contamos, tanto en lo profesional como en lo personal. En IDB Bank sabemos lo importante que es para usted su privacidad; por ello es que nos preocupamos por proteger la información confidencial que usted nos proporciona. Es con estos conceptos en mente que le ofrecemos las siguientes aserveraciones:

Recopilación, retención y uso de su información. En el transcurso de nuestra relación de negocios con usted, podemos recopilar, retener y utilizar cierta “información personal no pública” acerca de usted para propósitos muy restringidos. Esto incluye información tal como:

Usamos esta información para: llevar a cabo negocios con usted; desarrollar o mejorar nuestros productos y servicios; comprender sus necesidades financieras de modo que podamos ofrecerle productos de calidad y un servicio superior; y para proteger y administrar sus registros, cuentas y fondos. Ciertas leyes y regulaciones nos obligan también a reunir esta información acerca de usted.

NO DIVULGAMOS A EMPRESAS AFILIADAS O A TERCEROS NO AFILIADOS NINGUNA INFORMACIÓN NO PÚBLICA ACERCA DE NUESTROS CLIENTES O PERSONAS QUE HAYAN SIDO NUESTROS CLIENTES, SALVO CUANDO NOS SEA REQUERIDO O AUTORIZADO POR LEY, CON EL CONSENTIMIENTO DE USTED O DE OTRO MODO ESPECIFICADO EN ESTE DOCUMENTO. TAMPOCO LES PROPORCIONAMOS TAL INFORMACIÓN A OTROS PARA PROPÓSITOS DE MERCADEO.

Nuestros procedimientos de seguridad para proteger y mantener información correcta. Mantenemos salvaguardas físicas, electrónicas y de procedimientos que cumplen con las normas federales para asegurar que su información financiera esté segura, correcta, actualizada y completa. Haremos todo lo posible para responder a sus solicitudes para corregir datos tan pronto como sea factible. Limitamos el acceso a su información no pública y personal a aquellos de nuestros empleados que necesiten conocerla para suministrarle productos o servicios. Actualizamos y probamos nuestra tecnología con regularidad para mejorar la protección de esa información y para asegurar la integridad de la misma. A través de nuestros programas de entrenamiento y procedimientos internos, nuestros empleados entienden la importancia de la confidencialidad y privacidad del cliente, y tomamos las medidas disciplinarias apropiadas para asegurar el cumplimiento de nuestros empleados con sus responsabilidades con relación a la privacidad.

Restricciones a la divulgación de información no pública. No revelamos a terceros para su uso limitado ninguna información específica acerca de sus cuentas ni otros datos mediante los cuales se le pueda indentificar, a menos que: (1) usted lo solicite o lo autorice o de otro modo esto se requiera para completar una transacción que usted haya iniciado o de algún modo se necesite para apoyar un servicio que le suministremos; o (2) si la divulgación se nos require o autoriza por ley. Cuando tal divulgación se autorice o se requiera, las subsidiarias estadounidenses de IDB Bank y cualquier otro proveedor o compañía de servicios deben firmar un acuerdo con nosotros en el que se comprometen a proteger nuestra información confidencial acerca de usted y los productos y/o servicios financieros que le proporcionamos y a atenerse a las leyes que se apliquen.

Nos reservamos el derecho de enmendar esta Política de Confidencialidad cada cierto tiempo.

INTL115 (modificada 5/06)

*”IDB Bank” es una marca registrada de servicio del Israel Discount Bank of New York

Miembro FDIC

Customer Identification Program

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Bank Secrecy Act/Anti-Money Laundering Policy

Subsequent to September 11, 2001, the U.S. government enacted the USA PATRIOT Act to deter and punish terrorist acts in the U.S. and around the world. A key provision of this legislation requires the financial services industry to implement an anti-money laundering (AML) program. Nevertheless, money laundering is not a new phenomenon or a new risk for financial institutions, as Congress passed the Bank Secrecy Act (BSA) in 1970 in an effort to prevent banks from being used to hide money derived from criminal activity.

Israel Discount Bank of New York has committed substantial resources to create a robust, compliance program and to enhance our existing policies and procedures. As required by the USA PATRIOT Act and other legislation, our compliance program includes a designated BSA/AML Compliance Officer, focused employee training, and independent audits to test the program. These internal controls will assist Israel Discount Bank of New York in detecting and reporting suspicious transactions to the government.

The regulations require us to know our clients. Israel Discount Bank of New York is dedicated to providing our clients with first-rate, quality service and exceptional, personalized attention. In line with this, we may ask clients for additional information and documentation about certain accounts and transactions from time to time.

We will continue to enhance our internal controls and processes to keep current with the latest rules and regulations. Israel Discount Bank of New York’s customers can take added comfort in conducting their business with us.

AML Questionnaire

>>Click here to view our AML Questionnaire