Top community-investing banks in New York City, according to public data

 

Below are the top 5 banks for community investment in the New York, NY metro area, according to public data. As a share of total assets, these banks invest the most into the community (via loans for business, housing, farms, households, and construction, and public works loans and securities). This ranking, powered by federal regulatory data, considers any bank that has 50% or more of deposits based in the New York-Newark-Jersey City, NY-NJ-PA metro area.*

Click through to bank profiles and bank websites to see where deposits are invested and learn if the bank offers free checking, high-yield accounts, mobile deposits, and more. 

Top community-investing banks in the NYC metro area, 2021

 

  1. Global Bank

    • 93% of assets are invested into the community

    • 100% of money is based in the New York-Newark-Jersey City, NY-NJ-PA metro area

    • Asian American-owned or -led

    • Learn more and see full profile

  2. Cross River Bank

  3. Quontic Bank

    • 91% of assets are invested into the community

    • 100% of money is based in the New York-Newark-Jersey City, NY-NJ-PA metro area

    • Certified Community Development Financial Institution (CDFI)

    • Learn more and see full profile

  4. Freedom Bank

  5. Ponce Bank

    • 89% of assets are invested into the community

    • 100% of money is based in the New York-Newark-Jersey City, NY-NJ-PA metro area

    • Hispanic-led bank and certified Community Development Financial Institution (CDFI)

    • Learn more and see full profile


See all banks in New York, NY metro area focused on financing communities


To compare banks by different social or environmental impact factors, like whether the bank invests in low-income communities, is Black-owned, or is fossil fuel free, browse the database of all banks in the U.S.

Featured Banks in New York City

*Community financing consists of: business loans; housing loans; farm loans; construction loans; household loans; public works loans and securities. Banks are ranked in descending order of community financing as a percentage of total assets. Community financing data source: FFIEC Call Report, Q4 2020. This analysis includes any bank that has more than 50% of deposits based in the New York-Newark-Jersey City, NY-NJ-PA metro area, as of the 2020 FDIC Summary of Deposits Survey. To learn more about the data and methodology, see our FAQ.

 
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