Articles & Insights

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From Our CEO to the Marketplace – Recent Situation with Our Innovation Ecosystem

It’s been a challenging 72 hours for entrepreneurs in the Silicon Valley ecosystem. SVB has been a trusted and long-time partner to the venture capital industry and founders. While the regulators work through next steps for SVB, our team at Piermont Bank stand ready to support SVB colleagues and clients in any way we can. […]

Corlears School and Piermont Bank Partnership

Corlears School’s Mission Founded in 1968, Corlears School is a progressive nonprofit independent school for young children located in the Chelsea/West Village area of New York City. Corlears provides children from toddlers through fifth grade with the foundation they need to gain confidence and fall in love with learning. Corlears is committed to creating an […]

Piermont Bank Expands Its Commercial Real Estate Businesses into Sunny Southern California

LA skyline Piermont Bank expands into Socal commercial real estate multifamily

We are excited to announce that Piermont Bank is now supporting commercial real estate businesses in Southern California. As a digital bank built for the modern entrepreneur, we are ready to meet California’s businesses where they are. Since our inception in 2019, Piermont Bank has provided a superior financing experience for commercial real estate owners, […]

Most Powerful Women in Banking to Watch by American Banker: Wendy Cai-Lee

We are pleased to share that our CEO, Wendy Cai-Lee, has been named one of American Banker’s Most Powerful Women in Banking to Watch in 2022. “Woman leadership has affected how we built our board, our management and our team,” Wendy said. “As a result, we are more diverse in our people, more creative in […]

What should multifamily borrowers do with the new Fed rate hike?

New york commercial real estate

On September 21, 2022, the Federal Reserve (Fed) raised rates for another 75 bps, the fifth rate hike this year. According to the Fed’s September economic projections, the Federal Open Market Committee (FOMC) policy makers suggested that 2022 will end in the 4% to 4.5% range. To help navigate the rate environment and overall economic […]