Modern Bank, National Association

Modern Bank, National Association

Overview / Commentary
410 Park Avenue, Suite 830
New York, NY 10022

Modern Bank, National Association is headquartered in NEW YORK and is the 55th largest bank in the state of New York. It is also the 1,059th largest bank in the nation. It was established in 1977 and as of March of 2024, it had grown to 45 employees at 1 location. Modern Bank, National Association's money market rates are 12X the national average, and it has a B health rating.

Reviews (4)

Very Competitive

Posted by: |

Competitive CD, and easy online

Thieves - Avoid At All Costs

Opened and deposited cash into a CD. Shortly thereafter, I was notified that my account was closed and my cash would be refunded, no explanation or reason was given. However, they never actually sent the funds back to my account. I contacted them directly and was again, given absolutely no explanation for the initial closing of the account. On top of this, they insisted they had sent back my funds and that I should take it up with my bank. Essentially, they advertised something, took my money, closed my account, never sent my money back to me, and then completely denied that hadn't sent the funds back and told me it was my fault/on me. In the process of contacting attorneys and law enforcement now. Don't make the same mistake as me and completely avoid these scam artists.

Fake Advertisement

Posted by: |

As mentioned in another post, you fill up application and the message comes "They will contact you". This never happens!!!!

They Will Contact You.....

Posted by: |

Fill up application and They will NEVER contact you.....


Health Grade Components

FDIC Certificate #22398
Year Established1977
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD3.2%
Annual Interest Income$16MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$964.3MM$798.9MM
LoansQ1 2024vs Q1 2023$643.1MM$648.8MM
DepositsQ1 2024vs Q1 2023$801MM$591.3MM
Equity CapitalQ1 2024vs Q1 2023$86.2MM$86.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$8.9MM$8.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$16.6MM$11.7MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Modern Bank, National Association; we are a rate comparison website and cannot provide official rates or promotions.

Modern Bank, National Association Money Market Rates

5.20%$100k-High Yield Money Market Accounts

Modern Bank, National Association Locations
Modern Bank, National Association410 Park AveNew York, NY 10022

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.