Address: 69 East 167th Street, Bronx, NY 10452 Map It!
About Spring Bank NYSpring Bank opened its doors in 2007 as the first bank to locate in the South Bronx in over 25 years. With the opening of a second branch in Harlem, the community bank continues to provide affordable, mainstream financial services in neighborhoods that need them. Spring Bank aims to serve New York City's local "underbanked": low- to moderate-income communities where people have limited access to mainstream bank services, and small businesses whose credit needs aren't served by larger banks. With the help of community development partners, Spring Bank works to expand access to financial literacy resources and asset building tools throughout New York City.
Spring Bank NY (FDIC certificate 58668) was established in 2007 and operates through 2 branch offices located in Bronx and New York, counties in NY. Mr. Eric Pallas, President of Spring Bank NY, leads a team of 36 employees.The bank's parent holding company, Checkspring Community Corporation is based in Bronx, NY.
Spring Bank NY, headquartered in Bronx, NY, is rated five stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a five star rating indicates, among other things, that Spring Bank NY has at least twice the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
Spring Bank NY is a state chartered commercial bank and not a member of Federal Reserve. With $118 million in total assets, the FDIC classifies the bank’s asset concentration as "Commercial Lenders" which is defined as institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties exceed 25 percent of total assets.
Rates are current up to 30 days and show the best rate available, verify rate through institution site. The accuracy cannot be guaranteed.
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