Modern Bank, National Association in New York, NY

Modern Bank, National Association, doing business as Modern Banking Group (MBG), is a commercial bank founded on the principle of serving entrepreneurs with the same entrepreneurial spirit. The bank positions itself as a technology-driven alternative to traditional retail banking, eliminating physical branch networks in favor of a sophisticated digital platform that reduces operational costs and passes savings to customers. MBG offers a comprehensive suite of products across both consumer and business segments.

Consumer offerings include Certificates of Deposit (CDs) with guaranteed rates and flexible terms, High Yield Money Market accounts, and online account opening. On the business side, the bank specializes in Commercial & Industrial (C&I) lending with a focus on cash flow lending for middle-market companies, Commercial Real Estate financing, Energy Lending, and business banking solutions including cash management tools. Credit cards are issued through a partnership with TCM Bank under the MBG brand.

What distinguishes Modern Bank is its deliberate focus on middle-market cash flow lending, a niche that larger institutions often overlook and smaller banks struggle to serve effectively. " Client testimonials from investment partners highlight their expertise in lower-end middle-market cash flow lending and their ability to execute complex transactions. The bank operates with a legitimate national charter (National Association designation) and has updated its regulatory compliance documentation as of October 2025, reflecting changes to Regulation CC regarding funds availability.

However, as a specialized commercial lender without extensive consumer loan products, Modern Bank is best suited for business owners and entrepreneurs rather than general consumers seeking personal loans or credit products. The digital-only model, while cost-efficient, eliminates in-person banking relationships that some customers prefer.