Download Israel Discount Bank of New York Announces Investment Grade

Israel Discount Bank of New York Announces
Investment Grade Rating By Kroll Bond Rating Agency
New York, NY, September 21, 2015 -- Israel Discount Bank of New York (IDB Bank®) announced today
that it and its holding company, Discount Bancorp Inc. has been assigned investment grade ratings by
Kroll Bond Rating Agency ("KBRA").
KBRA assigned IDB Bank a deposit rating of A-, senior unsecured debt rating of A-, subordinated debt
rating of BBB+, and a short term deposit/debt rating of K2.
Ehud Arnon, President and Chief Executive Officer of IDB Bank commented, "We are pleased to be
assigned a high investment grade rating by KBRA. This will allow us additional flexibility in our
endeavors and open up additional opportunities for us. This rating is a testament to the quality of the
bank we are and to our financial strength. We believe these independent, third-party ratings will provide
our customers with continued confidence in our organization."
KBRA, which is registered with the SEC as a Nationally Recognized Statistical Rating Organization, noted
the ratings were supported by the Bank's "conservative management, strong asset quality metrics, and
healthy liquidity and capital position. Also noted in the report is “The Bank maintains an ample level of
liquid assets combined with a growing customer deposit base, particularly domestic deposits. The loans
to deposits ratio compares well to the average of rated peers.”
A copy of the report is available on Kroll Bond Rating Agency's website at www.kbra.com or Click here
to view the full report
About IDB Bank
IDB Bank is a New York State-chartered commercial bank and a member of the FDIC. The Bank’s
network includes its main office in Manhattan, branches in Staten Island, Brooklyn, and Short Hills, NJ, in
addition to branches in Beverly Hills and Downtown Los Angeles, California; and Aventura, Florida. The
Bank also maintains an offshore Grand Cayman Island Branch; an International Banking facility at its
main office in New York; and representative offices in Chile, Israel, Mexico, Peru and Uruguay. Securities
brokerage activities are conducted through IDB Capital Corp., a broker-dealer regulated by FINRA and
the SEC.
IDB Bank specializes in personal and commercial banking services to its U.S. and international
customers. Private banking services include a full range of investment management, trust, brokerage,
insurance as well as loans and depository services. Lending and other credit activities include corporate
lending, factoring, commercial real estate lending, asset based lending, and trade finance. Additional
services include cash management, foreign exchange, and interest rate derivatives. IDB Bank is a
relationship focused bank with many long-standing customers. To learn more about IDB Bank visit
www.idbny.com
IDB Bank is a registered service mark of Israel Discount Bank of New York. MEMBER FDIC
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