In 1850 a group of Irish emigrants founded Emigrant Bank as a mutual savings bank in New York City. Today, Emigrant is New Yo ... rk’s oldest savings bank, serving local communities with 35 branches and various banking subsidiaries: Emigrant Capital, Emigrant Financial Services, Emigrant Business Credit Corp., Emigrant Funding, New York Private Bank & Trust and Emigrant Mortgage Company. Emigrant Bank is regulated by both State and Federal regulators. All deposits are insured by the FDIC up to the legal limit. read more