The Merchants Bank of New York in New York City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 19, 2001

  • The Merchants Bank of New York in New York City, New York (NY)
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The Merchants Bank of New York - Overview

  • General
  • FDIC Certificate #: 643
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 378017
    Date Established: May 01, 1926
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    OTS Docket #: 13944
    FDIC's unique #: 424
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 19, 2001
    Last Structure Change Process Date: Febuary 12, 2001
    Last Data Update: Febuary 12, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 434 Broadway, New York City, NY 10013
    County: New York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $1,476.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2000)

  • Dollar figures in thousands
  • 229Total employees (full-time equivalent)
  • $1,476,627Total assets
  • $52,222Cash and due from depository institutions
  • $7,199Interest-bearing balances
  • $834,343Securities
  • $35,000Federal funds sold & reverse repurchase agreements
  • $520,803Net loans & leases
  • $8,260Loan loss allowance
  • $0Trading account assets
  • $5,821Bank premises and fixed assets
  • $0Other real estate owned
  • $228Goodwill and other intangibles
  • $0Life insurance assets
  • $28,210All other assets
  • $1,476,627Total liabilities and capital
  • $1,364,993Total liabilities
  • $1,013,111Total deposits
  • $686,788Interest-bearing deposits
  • $1,013,111Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $260,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $57,992Other borrowed funds
  • $0Subordinated debt
  • $33,890All other liabilities
  • $111,634Total equity capital
  • $111,634Total bank equity capital
  • $111,634Perpetual preferred stock
  • $0Common stock
  • $3,475Surplus
  • $19,312Undivided profits
  • Memoranda
  • $88,847Noncurrent loans and leases
  • $17,394Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,134Earning assets
  • $0Long-term assets (5+ years)
  • $4,216Average Assets, year-to-date
  • $1,397,345Average Assets, quarterly
  • $688,453Volatile liabilities
  • $1,409,516Insider loans
  • $1,458,217FHLB advances
  • $611,731Loans and leases held for sale
  • $4,827Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,233Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $17,394Total unused commitments
  • $0Restructured Loans and leases
  • $8,260Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $107,353Total interest income
  • $49,891Total interest expense
  • $57,462Net interest income
  • $4,625Provision for loan and lease losses
  • $7,541Total noninterest income
  • $0Fiduciary activities
  • $1,694Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,847Additional noninterest income
  • $28,083Total noninterest expense
  • $17,532Salaries and employee benefits
  • $2,943Premises and equipment expense
  • $7,608Additional noninterest expense
  • $32,295Pre-tax net operating income
  • $0Securities gains (losses)
  • $11,442Applicable income taxes
  • $20,853Income before extraordinary items
  • $0Extraordinary gains - net
  • $20,853Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5,473Sale, conversion, retirement of capital stock, net
  • $18,893Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.08%Yield on earning assets
  • 3.75%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.11%Noninterest expense to earning assets
  • 1.48%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 2.29%Pretax return on assets
  • 20.44%Return on equity (ROE)
  • 1.92%Retained earnings to average equity (YTD only)
  • 1.13%Net charge-offs to loans
  • 84.51%Credit loss provision to net charge-offs
  • 6.75%Efficiency ratio
  • 43,027Assets per employee
  • 6.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 90.60%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 263.56%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 51.41%Net loans and leases to core deposits
  • 72.40%Equity capital to assets
  • 7.56%Core capital (leverage) ratio
  • 7.34%Tier 1 risk-based capital ratio
  • 14.07%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,409,516Average earning assets
  • $102,034Average equity
  • $1,328,916Average loans
Sirley Bedikoglu
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Jan 12, 2020 @ 3:15 pm
Does The Merchant Bank of New York exist?. I had an account at this bank during the 1980s with some money and have no record of closing it. Can I find what happened to the account. I would appreciate your help to get an answer to my question.
Sirley Bedikoglu
Luis Muniz
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Aug 3, 2021 @ 4:16 pm
I just found my savings account book that I had leftover money in the account from 1988. What do I need to do to retrieve theses monies?

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