Bank Hapoalim B.M. in New York, NY
Bank Hapoalim B.M. is an FDIC-insured U.S. branch of an Israeli-chartered bank headquartered in New York, offering commercial lending and deposit services to institutional and business clients.
Data compiled from public sources · Rating from CreditDoc methodology
Bank Hapoalim B.M. Review
M. S. S.
form in 1921 and FDIC-insured since 1974. S. branch of a foreign-chartered institution (charter class IBA) with its main office located at 1120 Avenue of the Americas in New York, NY.
S. 4 billion in total deposits across domestic and foreign offices. M.
specializes in commercial lending with a concentration focus on serving institutional, corporate, and business clients rather than retail consumers. The bank offers a comprehensive range of services including transaction and nontransaction deposit accounts, time deposits, small business loans, commercial lending products, fiduciary and trust services, letters of credit, and foreign office operations. Their service portfolio includes corporate trust and agency accounts, collective investment and common trust funds, and international banking capabilities reflecting their parent institution's global presence.
M. is its positioning as a wholesale and commercial banking platform rather than a consumer-focused institution. The bank maintains significant presence in foreign offices with dedicated foreign loan operations and international deposit capabilities.
Their FDIC insurance status provides deposit protection up to applicable limits, and their long operational history (established 1921, FDIC-insured since 1974) demonstrates institutional stability. The bank's fiduciary operations and corporate trust services indicate sophisticated institutional banking capabilities. M.
is NOT a consumer banking platform. The bank does not market retail checking/savings accounts, consumer loans, mortgages, or credit cards to individual customers. Consumers seeking traditional retail banking services would need to contact the institution directly or seek alternative banks with established consumer banking divisions.
Services & Features
Feature Checklist
Pros & Cons
Pros
- FDIC-insured since 1974 (Certificate #33686) providing deposit protection for qualified accounts
- Specializes in commercial lending with institutional-grade capabilities for business clients
- Offers fiduciary and trust services including corporate trust, agency accounts, and collective investment funds
- Maintains significant international banking infrastructure with foreign office operations and international deposits
- Established institution with 100+ years of operational history providing stability and institutional knowledge
- Provides letters of credit and specialized commercial financing products for business customers
- Parent institution (Bank Hapoalim) is the largest bank in Israel with global reach and resources
Cons
- NOT a consumer retail bank—does not offer standard checking/savings accounts, credit cards, or mortgages to individual customers
- Minimal public-facing digital banking presence; no consumer-oriented website or online account access information provided
- Limited branch footprint with single listed location in New York; not suitable for customers requiring widespread branch access
- Positioned exclusively for institutional, corporate, and commercial clients; individual consumers would face barriers to account opening
- No transparent information on consumer product offerings, interest rates, or retail deposit terms publicly available
Rating Breakdown
Frequently Asked Questions
Is Bank Hapoalim B.M. legitimate?
Yes. Bank Hapoalim B.M. is a registered company, headquartered in New York, NY, founded in 1921.
How long does Bank Hapoalim B.M. take to show results?
Account opening typically takes 1-3 business days. Loan decisions vary by product.
Quick Facts
- Founded
- 1921
- Headquarters
- New York, NY
- BBB Accredited
- No
- Certifications
- FDIC Insured FDIC Cert #33686
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Bank Hapoalim B.M.
Bank Hapoalim B.M. is designed exclusively for institutional, corporate, and commercial banking clients—NOT for individual consumers. While FDIC-insured and operationally stable, retail customers should not attempt to open accounts here, as the bank does not market or service consumer banking needs.
Best For
- Corporate and institutional clients requiring commercial lending facilities and wholesale banking services
- Businesses seeking fiduciary services, corporate trust accounts, and international banking capabilities
- Commercial enterprises needing letters of credit, foreign office operations, and multinational banking support
More Banks
Commerce Bank
Commerce Bank
Financial Wellness Guides
How to Read Your Credit Report (And Spot Errors)
Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
Read guide →Buy Now, Pay Later: How BNPL Really Affects Your Credit
Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.
Read guide →Understanding Your Credit Score: The Complete Guide
Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Bank Hapoalim B.M. and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.