IDB Bank

IDB Bank is a private and commercial bank providing financial services to clients across the United States, Latin America, and Israel, with its headquarters located in New York City. This multinational financial services institution offers a range of banking and investment services, maintaining a presence through physical locations in New Jersey, Florida, and California, as well as international offices in Chile, Uruguay, and Israel. Operating as a chartered commercial bank and a member of the Federal Deposit Insurance Corporation, IDB Bank employs a traditional banking model. The organization is currently led by CEO Avner Mendelson. Its parent entity, Israel Discount Bank, was founded in 1935 by Leon Recanati, Yosef Albo, and Moshe Carasso, with IDB Bank commencing its operations as a New York representative office in 1949.