IDB Bank
About Us
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.


Israel Discount Bank of New York 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). Our liquidity and capital ratios are strong, and we are ranked by Crain's New York Business as the 14th 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 in Manhattan, a branch in Staten Island, NY, Brooklyn NY and a branch in Short Hills, NJ, in addition to branches in Beverly Hills and Downtown Los Angeles, California; and Aventura, Florida. The Bank also maintains an offshore Grand Cayman Island Branch; an International Banking Facility at its main office; and representative offices in Chile, Israel, Mexico, Peru and Uruguay. Discount Bank Latin America, "DBLA," ( headquartered in Montevideo, Uruguay, which has served the region for more than 40 years and IDB Capital Corp.*, IDB Bank’s broker-dealer are wholly owned subsidiaries of IDB Bank.

The Bank specializes in U.S. Private Banking, International Private Banking, 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)

IDB Bank's broad range of banking services include Personal and Business accounts, Cash Management, Regular Checking Accounts, Basic Banking accounts (New York Residents only), Money Market Savings Accounts, IDB Better 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 (New York main office only), Online Banking, Money Transfers, Lockbox Facilities, Safekeeping and Custody of Securities, Travelers Checks, Money Orders and Direct Deposit of Social Security and other recurring payments.

Through our broker-dealer subsidiary, IDB Capital Corp*, we are able to offer non-deposit investment products*** such as U.S. Government and Agency Securities, Corporate Stocks & Bonds, Offshore and Domestic Mutual Funds and Capital Market Instruments. Furthermore, IDB Capital Corp can customize a bond portfolio to your specifications (subject to availability and prevailing rates), starting with an investment of $500,000.


**When booked in our Grand Cayman Branch, these deposits are not FDIC-insured

***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.


IDB Bank is a subsidiary of Israel Discount Bank Limited, (IDB Ltd.), 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 Paris, France, Buenos Aires, Argentina and Santiago, Chile 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"). 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.

A 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 late 2010, the State of Israel sold its remaining shares in IDB Ltd., which is now entirely under private ownership. 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
Financial Statements
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.

Don't Fall Victim to Online Scams

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

Steps to Take
Instructions and ID Theft Affidavit

Customer Identification Program


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.

IDB Bank 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 IDB Bank in detecting and reporting suspicious transactions to the government.

The regulations require us to know our clients. IDB Bank 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. IDB Bank's customers can take added comfort in conducting their business with us.

AML Questionnaire

Click here to view our AML Questionnaire