Modern Bank, National Association


Overview / Commentary
212-323-1100
410 Park Avenue, Suite 830
New York, NY 10022

Modern Bank, National Association is headquartered in New York and is the 63rd largest bank in the state of New York. It is also the 1,275th largest bank in the nation. It was established in 1977 and as of June of 2022, it had grown to 50 employees at 1 location. Modern Bank, National Association's money market rates are 8X the national average, and it has a B health rating.

Reviews (3)

Very Competitive

Posted by: |

Competitive CD, and easy online

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

Health Grade Components

Overall
FDIC Certificate #22398
Year Established1977
Employees50
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD7.38%
Annual Interest Income$15.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$733.7MM$807.0MM
LoansQ2 2022vs Q2 2021$576.6MM$653.4MM
DepositsQ2 2022vs Q2 2021$547.6MM$576.2MM
Equity CapitalQ2 2022vs Q2 2021$85.6MM$86.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$8.5MM$8.9MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$13.2MM$4.2MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Modern Bank, National Association Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.60%$100k-High Yield Money Market Accounts
3.10%$1k-Premier Money Market Accounts

Modern Bank, National Association CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-12 Month CD
4.75%$1k-18 Month CD
4.50%$1k-24 Month CD
4.00%$1k-3 Month CD
4.00%$1k-6 Month CD
4.00%$1k-9 Month CD
Locations


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

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