Which banks are lending on multifamily and commercial real estate in New York?
Reviewed by Dominick Prevete, Founder, Blue Sky Capital Advisors
LinkedInBlue Sky Capital Advisors LLC, NJ entity ID 0450507578 (verify on the NJ business search)
123 FDIC-insured banks headquartered in New York with under $100 billion in assets held $61.3 billion of multifamily loans and $117.8 billion of commercial real estate loans at June 30, 2026, in Dominick Prevete's analysis of FDIC Call Report data for Blue Sky Capital Advisors, a commercial mortgage advisor. The two largest multifamily books are at Flagstar Bank, N.A. and Apple Bank. 61.2% of the state's bank CRE sits at banks at or above the 300% monitoring level, rank 2 of 43 states.
Data as of June 30, 2026 (Q2 2026 FDIC Call Reports) · Retrieved October 12, 2026MethodologyDownload the New York data (CSV)
New York bank CRE at a glance
| Measure | New York | U.S. | Rank of 43 |
|---|---|---|---|
| FDIC-insured banks | 123 | 4,281 | 12 |
| Multifamily loans | $61.3B | $405.2B | 1 |
| Total CRE loans | $117.8B | $1,600.5B | 2 |
| Multifamily growth, year over year | −7.4% | +3.5% | 42 |
| CRE growth, year over year | −3.2% | +3.4% | 40 |
| Share of CRE at banks at or above 300% | 61.2% | 25.0% | 2 |
| Share of CRE at banks at or above 200% | 83.1% | 71.0% | 15 |
| Banks growing multifamily | 38 of 64 (59.4%) | 670 of 1,066 (62.9%) | 29 |
CRE is construction, multifamily and non-owner-occupied commercial real estate loans. Growth is like for like: New York banks that filed at both dates with no merger in the year. "Banks growing multifamily": of the 64 such New York banks with a multifamily book of $25 million or more a year earlier, the 38 whose book is larger now; the rank orders that share.
What stands out in New York
61.2% of New York's bank CRE sits at banks at or above the 300% monitoring level, the second-highest of the 43 ranked states (U.S.: 25.0%).
More of this state's bank CRE sits at banks near their concentration limits, so a bank that isn't growing its book may say no on size alone.
Like for like, New York's banks' multifamily books shrank 7.4% in the year to June 30, 2026, the second-lowest of the 43 ranked states (U.S.: +3.5%).
Banks here added multifamily loans more slowly than banks nationally, so ask a bank early whether it is still taking new apartment loans.
Which New York banks are growing multifamily?
| # | Bank | City | Multifamily loans | Multifamily, year over year | CRE concentration (% of capital) | CRE, 36 months |
|---|---|---|---|---|---|---|
| 1 | FLAGSTAR BANK NATIONAL ASSN | HICKSVILLE | $26.9B | −15.7% | 327.5% | −32.3% |
| 2 | APPLE BANK | NEW YORK | $4.3B | +1.2% | 436.1% | +5.4% |
| 3 | DIME COMMERCIAL BANK | HAUPPAUGE | $3.1B | −15.6% | 355.4% | −23.1% |
| 4 | NORTHFIELD BANK | STATEN ISLAND | $2.3B | −8.0% | 362.4% | −18.7% |
| 5 | POPULAR BANK | NEW YORK | $2.1B | −7.3% | 310.6% | +25.7% |
| 6 | RIDGEWOOD SAVINGS BANK | RIDGEWOOD | $2.0B | −5.0% | 237.1% | +10.4% |
| 7 | DEUTSCHE BANK TR CO AMERICAS | NEW YORK | $2.0B | −10.6% | 39.7% | −9.3% |
| 8 | AMALGAMATED BANK | NEW YORK | $1.9B | +32.4% | 234.8% | +59.3% |
| 9 | NBT BANK NATIONAL ASSN | NORWICH | $1.5B | +2.3% | 228.5% | +71.2%† |
| 10 | ISRAEL DISCOUNT BANK OF NY | NEW YORK | $1.2B | −0.6% | 250.3% | +40.7% |
| 11 | BANK OF CHINA | NEW YORK | $1.1B | −11.1% | — | −34.3% |
| 12 | BANK HAPOALIM B M | NEW YORK | $1.1B | +45.5% | — | +134.3% |
| 13 | PONCE BANK NATIONAL ASSN | BRONX | $1.1B | +52.3% | 413.7% | +108.8% |
| 14 | COMMUNITY BANK NATIONAL ASSN | CANTON | $952.1M | +21.9%‡ | 201.0% | +31.8%† |
| 15 | TOMPKINS COMMUNITY BANK | ITHACA | $775.8M | +19.1% | 322.6% | +32.0% |
| 16 | HANOVER COMMUNITY BANK | GARDEN CITY PARK | $565.9M | +4.9% | 345.9% | −12.7% |
| 17 | FIVE STAR BANK | ROCHESTER | $524.2M | +15.0% | 293.8% | +25.8% |
| 18 | ORANGE BANK&TRUST CO | MIDDLETOWN | $468.3M | +11.3% | 352.7% | +25.8% |
| 19 | CHEMUNG CANAL TRUST CO | ELMIRA | $462.3M | +13.0% | 375.1% | +45.0% |
| 20 | MASPETH FS&LA | MASPETH | $432.7M | +5.6% | 138.0% | +8.4% |
| 21 | METROPOLITAN COMMERCIAL BANK | NEW YORK | $414.3M | 0.0% | 303.6% | +23.8% |
| 22 | ESQUIRE BANK NATIONAL ASSN | JERICHO | $395.2M | +8.1% | 166.3% | +34.6% |
| 23 | CANANDAIGUA NB&T CO | CANANDAIGUA | $340.8M | −8.8% | 240.8% | +23.9% |
| 24 | NORTHEAST COMMUNITY BANK | WHITE PLAINS | $326.6M | +2.5% | 501.1% | +40.3% |
| 25 | COMMUNITY FSB | WOODHAVEN | $312.2M | +22.1% | 361.2% | +96.1% |
‡ / † 2 of these 25 New York banks absorbed another institution inside the year-over-year / 36-month window (FDIC structure history), so their change reflects a merger, not solely new lending. Names as filed in the FDIC financial data; city is the headquarters. Shading: 300% and over, and 200%–299%.
Banks with $100 billion or more in assets are left out of this table and the state ranks, as on the national page: the largest banks' balance sheets are national. 4 are headquartered in New York and are in the New York CSV.
This list is FDIC Call Report data, not a list of Blue Sky's lender relationships, and it isn't a ranking or endorsement. How Blue Sky gets paid →
Download every New York bank (CSV)Every state, and the national picture →
What this means if you're a borrower in New York
If a New York bank turns your loan down, ask whether it was the deal or the bank's own concentration. A bank at or above the monitoring level can decline a sound loan, and the same file may fit a bank with room on its books.
Where multifamily books are growing slowly, some New York banks keep new apartment loans for existing customers. Asking early whether a bank is adding new loans saves weeks.
Dominick Prevete of Blue Sky Capital Advisors arranges multifamily and commercial financing for New York properties with banks and other lenders, and is paid at closing (how Blue Sky gets paid). Call (908) 220-6404 or request a consultation.
Sources
- FFIEC Central Data Repository: public Call Reports as of June 30, 2026 — Every bank figure on this page: each bank's loans, capital, concentration and growth, from its Call Report as of June 30, 2026 (retrieved October 12, 2026).
- FDIC BankFind Suite: bank lookup — The banks named in the table: look up any New York bank by name or FDIC certificate number to confirm its headquarters and status.
- New York banks, bank by bank (CSV) — The 127 banks headquartered in New York, as filed: the rows behind the tables and every state figure here.
- Methodology, sources and limitations — How CRE concentration, like-for-like growth and the ranks among the 43 states are computed.
New York bank CRE: common questions
Which banks in New York hold the most multifamily loans?+
Among banks headquartered in New York with under $100 billion in assets, Flagstar Bank, N.A. ($26.9 billion), Apple Bank ($4.3 billion) and Dime Commercial Bank ($3.1 billion) held the largest multifamily books at June 30, 2026, according to FDIC Call Report data. The table on this page lists the 25 largest, with each bank's change over the year.
Are New York banks still growing multifamily?+
Like for like, New York's banks shrank 7.4% their multifamily books in the year to June 30, 2026, against +3.5% for U.S. banks under $100 billion. 38 of the 64 New York banks with a multifamily book of $25 million or more a year earlier grew it. Like for like means banks that filed at both dates with no merger in the year.
How concentrated is New York bank CRE?+
61.2% of the CRE held by New York's banks under $100 billion sits at banks at or above 300% of capital, the 2006 interagency monitoring level: rank 2 of 43 states, against 25.0% nationally. 83.1% sits at banks at or above 200%. These are monitoring levels, not limits, and a bank above one is not in violation of anything.
Why don't national banks appear in this list?+
Banks with $100 billion or more in assets are left out of this page's tables and ranks, as on the national page: the largest banks' balance sheets are national, so their headquarters state says little about where they lend. 4 are headquartered in New York; they are in the New York CSV. Every bank here is listed by headquarters state, not by where its loans are.
How often is this updated?+
Every quarter, after banks file their Call Reports. This New York page reflects the 127 New York banks' June 30, 2026 (Q2 2026) filings, retrieved October 12, 2026; Q3 2026 data is expected in December 2026.
What this table is not. Concentration ratios are computed from each New York bank's own public regulatory filings and describe portfolio composition relative to capital — nothing here is a statement about any institution's safety, soundness, or condition, and exceeding a supervisory monitoring criterion is neither a violation nor a supervisory finding. Blue Sky Capital Advisors is a commercial mortgage advisory firm, not a bank rating agency.