Bank · FDIC insured
Modern Banking Group
A $648.5M bank headquartered in New York, NY, with 2 branches in 2 states. Best rates: CDs 4.35% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: no rate at the amounts we compare. Savings: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs—4.35%CD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Modern Banking Group
Modern Bank, National Association is a commercial bank headquartered in New York, New York, founded in 2006.
The bank is held by Modern Financial, Inc. and Modern Bank Partners LLC.
- Headquarters
- 410 Park Ave, New York, NY 10022
- FDIC certificate
- 22398 ↗
Branches
2 branches in 2 states
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New Jersey
1 branch
- Woodcliff Lake Branch300 Tice Boulevard, 3rd Floor, Woodcliff Lake, NJ 07677Directions
New York
1 branch
- Modern Bank, National AssociationMain office410 Park Ave, New York, NY 10022Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.56% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 5.60% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.13% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $101 | $81 | — |
- CapitalLeverage ratio9.56%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent5.60%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.13%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$101Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Modern Banking Group are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.