IDB Bank

We are proud to celebrate our partners! Last week, IDB hosted our 2024 Autumn Social, an evening bringing together our critical relationships across diverse industries for an evening of networking, refreshments and entertainment as we continue to build synergies that will empower our clients. Thank you to everyone who joined us for this special event, including Ziv Biron, Lissa Baum, Avi Lieberman, Michael Paul, Christopher Dowd, Yuri Piltser and Theresa Xaysittiphone. #Partnership #ProudPartner

We are pleased to announce that IDB Bank has recently provided $45 million in permanent financing for the newly built dual-branded Hilton Tempo & Homewood Suites by #Hilton in Downtown Raleigh, North Carolina. This is the first dual-branded hotel near the Downtown Raleigh Convention Center. Built on a 247,000 SF property spanning 14 floors with 261 Guest Rooms (127 Tempo and 134 Homewood Suites), the property features a Rooftop Bar/Restaurant, Lobby Bar/Restaurant, Fitness Center, and Event Space & Conference Rooms, providing guests with luxurious accommodations. Serving as the sole lender, the deal marks another win for our Florida Commercial Real Estate team, under the Stewardship of Sagy Aseraf, Florida Regional Manager, as we continue to grow our dynamic national lending platform. Congratulations to Rajesh Melwani and Riaz (Ray) Gaya, Senior Credit Executive for their efforts in finalizing this exciting deal, as well as Sreedhar Iyer, who provided critical underwriting support! #RaleighRealEstate #DowntownRaleigh #CREDealmaking

Last week, IDB Bank’s Israeli-based representative office had the honor to participate in a tour commemorating the fallen victims of October 7th near the Gaza border. The tour, led by Discount Bank’s Jerusalem and Southern Region offices, brought forward powerful in-person stories from the Nova Festival survivors, Sderot Police station and Kibbutz Reim, and served as not only a meaningful memorial of those lost, but a time of reflection and recognition of the survivors who are changed forever.   IDB continues to recognize the somber significance of the year behind us. We are proud to share that, in thanks to the contributions of our U.S.-based offices, we have established the “Grove of Resilience and Hope," a memorial garden at the entrance to Kibbutz Reim, featuring new trees planted in symbolism of resilience.   The Grove of Resilience and Hope is the most recent initiative in the Bank's commitment to assisting the rehabilitation of both the Kibbutz Reim and all of southern Israel, including our ongoing support of Discount Group’s Keren Or foundation. We’d like to recognize our Florida-based team, who, under the leadership of Sagy Aseraf, Florida Regional Manger, made this donation to the Kibbutz Reim community possible. We additionally share our appreciation for Ravit Russo Teresh, Manager of Discount Bank’s Jerusalem and Southern Region, who continues to lead our on-the-ground relief efforts, including the Grove of Resilience and Hope, within our impacted communities, as well as Shimi Barazany, Head of IDB’s Israel Representative Office, for his support and commitment to this meaningful cause.

In a shifting interest rate and opportunity landscape, LA’s real estate sector is poised for accelerated transformation. From deal-making to development, Jeremy Cramer, IDB’s Head of CA Commercial Real Estate, joined fellow industry leaders to share his thoughts on emerging trends, and where challenges may continue to persist, in the L.A. Times B2B Publishing 2024 Real Estate Outlook. Read more: https://lnkd.in/gydqhE5u #CACRE #RealEstateOutlook #TheFutureOfRealEstate

A fantastic afternoon with Big Brothers Big Sisters of NYC! This week, we invited 19 exceptional high school students through BBBS of NYC to join us in celebration of #HispanicHeritageMonth with a special luncheon and mentoring event. Students had the opportunity to learn more about our organization, meet with our Senior Leadership and IDB volunteers to learn more about career growth and development, and enjoy a special gathering celebrating Latinx cultures and the power of diversity. Thank you to everyone who joined us to make this gathering extra meaningful as we conclude another special Hispanic Heritage Month! #MentorshipMatters #Mentoring #BBBSNYC #BBBS #IgnitePotential

In observance of today's bank holiday, our IDB offices will be closed today, October 14th. Our normal business hours will resume tomorrow, October 15th.

As we continue to celebrate Hispanic Heritage Month, Sagy Aseraf, Florida Regional Manager and Head of International Private Banking, shares his thoughts on the power of diversity across our organization and communities, as we operate here in the United States and around the world. #HispanicHeritageMonth

Today, we recognize the one-year anniversary of the Hamas terrorist attacks on southern Israel, resulting in the tragic loss of more than 1,200 men, women and children, including 46 Americans and citizens of more than 30 countries, in the largest massacre of Jews since the Holocaust. We honor those lost on this day and in the subsequent tragic year of conflict, and recognize those who continue to lead with bravery, resilience and goodwill in this challenging time. We stand with Israel and our global community, and we continue to hope for peace, with the safe return of 101 innocent hostages.

“In these great times of challenge, we have also witnessed the overwhelming power of goodwill, generosity, and activism across our global network, and through the unequivocal fortitude of the Israeli spirit. I believe that it is this – the strength of our collective response – that defines us, and paves the path to a brighter future.” Ziv Biron, IDB Bank President & CEO shares a special message to our clients, colleagues and communities in celebration of Rosh Hashanah. Read the full message here: https://lnkd.in/eU5Adkym

In the spirit of Rosh Hashanah, we join our global community in this meaningful time of celebration and reflection. Last week, IDB hosted a special bank-wide gathering, bringing together our colleagues for an opportunity to raise a toast to the New Year, enjoy special refreshments, and participate in a holiday blessing from our very own Mordechai Eckhaus. During this time, we at IDB remain ever mindful of the year behind us. We remember those lost, the hostages who have yet to find their way home, and the many, many lives that have been changed forever. We will continue to believe in the power of community and acceptance, and we join you in the hope for peace. #RoshHashanah