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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 […]

Top 3 Trends to Watch in Current New York Multifamily Financing Market

A photo of multifamily brownstones in Brooklyn

As we move into the fourth quarter, a complex but navigable multifamily market has emerged. Multifamily borrowers worry about the rising interest rate, the severity of a very likely recession, the approaching inflection point, and the changing business narrative following the past two years of COVID-19. However, multifamily remains a stable and attractive asset class […]

Celebrating Three Years of Innovation at Piermont Bank

In 2019, we set out to give banking a makeover, building the kind of bank that we hoped to see: one that was relevant and ready to help customers meet the demands of the modern world. Today we celebrate our third anniversary with those same values. We are woman-founded and entrepreneur-led, with an exceptional group […]

LendIt Fintech One-on-One Podcast with Wendy Cai-Lee of Piermont Bank

Banking-as-a-Service (BaaS) has become quite popular these days with dozens of banks offering different services to fintechs and tech companies. But almost all these banks were not originally conceived this way, they are adding BaaS as a new product offering. Piermont Bank CEO Wendy Cai-Lee was a guest on the Fintech One-on-One podcast and shared […]