Articles & Insights

Discover all the resources for today’s enterprising businesses.

Upholding Economic Equity: The Importance of Preserving Minority Depository Institutions

Group of diverse entrepreneurs discuss the importance of preserving minority depository institutions, multi-racial minority depository institutions

Minority Depository Institutions (MDIs), as defined by the Federal Deposit Insurance Corporation (FDIC), are federal insured depository institutions either owned by minority individuals or have a majority minority board and serve primary minority communities. These institutions play a crucial role in fostering economic development and financial inclusion, particularly in underserved communities where traditional banking services […]

The Power of Women Leadership – Stories from Intergenerational Women Leaders

A panel for Douglass Residential College and Institute of Women’s Leadership, women leaders from Rutger’s alumni including Wendy Cai-Lee, Founder and CEO of Piermont Bank, Princess Belton, M.A., Director of Operations for Women of Color in the Arts, and Kristy Clementina Perez, Ed.D. Director of Percy E. Sutton SEEK Program at Baruch College. The moderator, Meghan Rehbein, Ed.D, Dean of Douglass Residential College, and Dr. Rebecca Mark helped contextualize the discussion as a intergenerational challenge.

On January 24, 2024, Piermont Bank had the pleasure of hosting a panel discussion for Douglass Residential College and Institute of Women’s Leadership. By the topic of “When Women Lead: An Intergenerational Perspective”, the panel brought together a diverse group of women leaders from Rutger’s alumni including Wendy Cai-Lee, Founder and CEO of Piermont Bank, […]

Featured in Banking Dive: Making the Case for Women-Owned Banks

Making the case for Women in Banking, splash art women leaders in the financial sector. Women-owned firms.

Wendy Cai-Lee, founder and CEO of New York City-based Piermont Bank, in a recent interview to Banking Dive shared her insights on the trend of bankers establishing women-owned institutions to better service women-owned firms. Since its inception, Piermont made more than 50% of its lending in low- and moderate-income communities and to women- and minority-owned […]

Featured in Tearsheet: How mutually beneficial partnerships within the BaaS ecosystem can help banks and fintechs expand into lending

BANKING AS A SERVICE In a conversation about BaaS relationships during Tearsheet Talks, Piermont Bank’s chief banking officer shares valuable insights on the dynamics of bank-fintech partnerships. Delve into the world of sustainable collaborations by learning how aligning incentives and leveraging expertise can reshape the future of banking. Banks, fintechs and technology companies all have […]

Featured in American Banker: Most Powerful Women to Watch

Wendy Cai Lee Headshot Women to Watch Piermont Bank Most Powerful Women American Banker

We are happy to share that our Founder & CEO, Wendy Cai-Lee, is named American Banker’s Most Powerful Women to Watch in 2023 for the second year in a row! American Banker’s Most Powerful Women program recognizes the many women leaders with strong performance and a commitment to driving outcomes for diversity, equity, and inclusion. Piermont, a […]