Piermont Bank

A win-win initiative for large institutional depositors: join Piermont Bank to put your money in interest-bearing accounts with insurance above the maximum FDIC coverage limit while earning recognition for social responsibility impact through IntraFi ‘s Advancing Community Together (ACT) program. Piermont Bank is proud to be a network bank to extend the social impact to traditionally underserved communities. Contact hello@piermontbank.com, read more: https://shorturl.at/Z01r3

I am honored to be recognized as one of the American Banker’s Most Powerful Women to Watch. This recognition is a testament to the amazing team @Piermont Bank , a shining example of a diverse and inclusive work community. A team of innovators and bankers who are committed to supporting, financing, and growing the next generation of industry giants. Congratulations to all the honorees. #womenleaders #trailblazers #innovators #equity #diversity #inclusion

We are happy to share that our Founder & CEO, Wendy Cai-Lee, has been recognized as one of American Banker’s Most Powerful Women to Watch in 2024 for the third year in a row! We are grateful to American Banker for creating programs and content such as the Most Powerful Women to recognize the many #womenleaders with strong performance and a commitment to driving outcomes for #diversity, #equity, and #inclusion. Piermont, an innovation-driven bank focused on blending banking with innovation, was founded on those same principles. We congratulate Wendy on earning this honor, and together, we celebrate the Piermont team, a living example of an organization that represents diversity, equity, and inclusion. Read more: https://shorturl.at/16CMC

After the Fed's rate cut, what else is out there to activate your multifamily transaction? Look for the right banking partner because there is a lot more than pricing. The right banking partner will empower your decision-making rather than rushing you through a process. Read #Piermentbank's insight here: https://shorturl.at/K3SId. #multifamily #ratecut #CRE

Funding support for #startups is critical in driving an innovative economy. #Banks and #venture capitals can collaborate to deliver on this goal. Piermont Bank is proud to serve as a banking partner for VCs and start-ups especially for minority and women entrepreneurs - underserved but often with great growth potentials. Read more to understand why https://lnkd.in/eZSBp8kq #womenowned #minorityowned #startups #venturecaptial

📢📢📢 We are excited to announce our participation in the National Football League's (NFL) latest financing initiative that secures nearly $100 million in loans from minority banks. As one of the selected banking partners,  we are honored to collaborate with the NFL in expanding access to capital for businesses owned by women and minority. At Piermont, we are committed to providing financial solutions that promote growth and opportunity for businesses that often face barriers to traditional capital. Our involvement in this program underscores our deep commitment in supporting diversity and inclusion in the business ecosystem. Read more 👉 https://lnkd.in/dVJCXbqe

As we are anticipating rate cut in September, how is it going to impact #multifamily market? Hear from our CEO Wendy Cai-Lee on the current state and trends of the U.S. multifamily market. #CRE #ratecut #CRElending #CREtrends

Curious about how AI can be deployed in banking? Despite its vast potential, implementing AI requires careful planning and execution. In recent conversations with industry leaders at forums including Bloomberg’s The Future Investor: Garnering the Power of AI and the Financial Times’ 2024 Outstanding Directors Exchange, Piermont Bank led discussions on how the latest AI revolution can impact smaller banks and what actionable steps they can take to gain a significant competitive edge in the marketplace. Check out the five strategies for smaller banks to move beyond the hype and stay ahead of the AI adoption curve. #AIinbanking #GenAI #AIadoption #innovationinbanking 

We are pleased to announced that Piermont Bank joins a new national initiative, the Advancing Communities Together Deposit Program, that enables institutional depositors to access higher aggregate levels of FDIC insurance across participating banks while also making a difference for underserved communities. "As the Nation's first - and one of the only four - multi-racial Minority Depository Institutions (MDIs), Piermont Bank has been investing more resources in creating equal financing access for women and minority owned businesses," said Wendy Cai-Lee, Founder & CEO, Piermont Bank. "The ACT program allows companies, nonprofits, and large depositors to invest in our mission and join our effort of creating financial equality with peace of mind. We hope more institutions can take advantage of this new, safe, and streamlined offering." The ACT Deposit Program is designed to channel vital funding to banks like Piermont Bank serving minority communities across the country, while also providing depositors with access to millions of dollars in aggregate FDIC insurance across network banks. Read more: https://lnkd.in/ebbvhDkb

☀ Use the summer months to plan for your dream career! ☀ ⚡ Be part of the future of commercial banking and empower innovative businesses. Work with a diverse and experienced team of banking experts leveraging cutting-edge technology to automate processes and streamline banking. Check out our current list of job opening: https://lnkd.in/etaK6JEG #jobalert #nowhiring #job #gethired #jobopening #jobfair #recruiting #joinourteam #jobs #jobsearch #hire #dreamjob #bankingcareer