United States · Financial institution
Israel Discount Bank of New York
Israel Discount Bank of New York is a New York State-chartered commercial bank headquartered in Manhattan. It trades as IDB Bank and is a member of the Federal Deposit Insurance Corporation (FDIC). It is wholly owned by Discount Bancorp, Inc., a Delaware bank holding company controlled by Israel Discount Bank Ltd. of Tel Aviv. It provides commercial banking, US and international private banking and wealth management, with offices in New York, New Jersey, California and Florida. In 1980 the New York branch of its Israeli parent transferred its assets to the bank.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- IDBYUS33XXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under IDBYUS33 directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 2 branch codes
- BIC first registered
- 1983-05-16
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% Discount Bancorp, Inc.
Institution type
Commercial bank
Trades as IDB Bank
- Ownership
- Discount Bancorp, Inc. holds 100% of the bank. According to KBRA, Israel Discount Bank Ltd. controls Discount Bancorp and sold a 15% stake in it to Gallatin Point Capital in 2024.
- Direct parent
- Discount Bancorp, Inc., United States 100%
- Ultimate owner
- Israel Discount Bank Ltd., Israel
- Head office
- 1114 Avenue of the Americas, 10036 New York, United States
- Company register
- FDIC cert 19977 (Federal Reserve RSSD ID 320119)
Business lines
The bank serves middle-market commercial clients and high-net-worth private banking clients, with industry teams for commercial real estate, healthcare, high tech and Israel-related business.
Online
- Websites & references
- idbny.com ↗
Wikipedia ↗ - Official social accounts
- LinkedIn ↗
Sources · 12 pages consulted
- idbny.com/
- idbny.com/about-us/who-we-are
- idbny.com/news-insights/a-new-chapter-rooted-in-relationships
- idbny.com/news-insights/idb-bank-appoints-david-park-as-president
- idbny.com/news-insights/idb-bank-names-avner-mendelson-as-next-president-and-ceo
- idbny.com/about-us/financial
- orders.fdic.gov/sfc/servlet.shepherd/document/download/0693d000008aKQSAA2?operationContext=S1
- ibanknet.com/scripts/callreports/getbank.aspx?ibnid=usa_320119
- kbra.com/publications/hMGkVgxC/kbra-affirms-ratings-for-israel-discount-bank-of-new-york
- pymnts.com/bank-regulation/2025/fdic-terminates-consent-orders-against-2-banks
- fdic.gov/resources/resolutions/resolution-authority/resplans/plans/idb-165-1612.pdf
- en.wikipedia.org/wiki/IDB_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Avner Mendelson Chief Executive Officer & President
- Executive
- Raja Dakkuri Deputy Chief Executive Officer
- Executive
- Nisan Blum Executive Vice President, Risk & Compliance Management
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- United States
- New York State Department of Financial Services Prudential supervisorAML supervisor
- United States
- Federal Deposit Insurance Corporation Prudential supervisorAML supervisorResolution
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Leadership
The bank appointed David Park as President of Commercial Banking, effective 5 January 2026.
idbny.com ↗ -
Enforcement
The FDIC terminated its May 2023 consent order concerning deficiencies in the bank's AML/CFT programme.
pymnts.com ↗ -
Leadership
Avner Mendelson succeeded Ziv Biron as President and Chief Executive Officer on 1 May 2025.
idbny.com ↗ -
Other
Israel Discount Bank Ltd. sold a 15% stake in holding company Discount Bancorp, Inc. to Gallatin Point Capital for USD 150 million.
kbra.com ↗ -
Enforcement
The FDIC issued a consent order citing weaknesses in the bank's AML/CFT programme. The bank consented without admitting or denying the charges.
orders.fdic.gov ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- IDBYUS33XXX
- How the BIC breaks down
- IDBYBank
- USCountry · United States
- 33Location
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- MWFSX38ED3OPH2LWN965
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- United States · North America
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- 1114 AVENUE OF THE AMERICAS NEW YORK 10036 UNITED STATES OF AMERICA
- Operational address
- 1114 AVENUE OF THE AMERICAS NEW YORK,NY NEW YORK,NY 10036 UNITED STATES OF AMERICA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>IDBYUS33XXX</BICFI>
<LEI>MWFSX38ED3OPH2LWN965</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>IDBYUS33XXX</BICFI>
<LEI>MWFSX38ED3OPH2LWN965</LEI>
<Nm>ISRAEL DISCOUNT BANK OF NEW YORK</Nm>
<PstlAdr>
<TwnNm>NEW YORK</TwnNm>
<Ctry>US</Ctry>
<AdrLine>1114 AVENUE OF THE AMERICAS NEW YORK 10036</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branch network
All 2 branch BICs connect to the head office. They are all in New York, and no function or registration year splits them further.
Hover over a branch or group to see its details
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| IDBYUS33LAS | — | New York | 1114 AVENUE OF THE AMERICAS NEW YORK,NY NEW YORK,NY 10036 UNITED STATES OF AMERICA | — | 2025-05-03 |
| IDBYUS33MIA | — | New York | 1114 AVENUE OF THE AMERICAS NEW YORK,NY NEW YORK,NY 10036 UNITED STATES OF AMERICA | — | 2025-05-03 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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