ALMA BANK
ALMA Bank is a privately-held community bank founded in 2007, operating 12-14 branches across the New York metropolitan area and serving consumer and small business customers with deposits, lending, cash management, merchant services, and a wealth management subsidiary.
- Company typePrivate
- Founded2007
- HeadquartersAstoria, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What ALMA BANK does
ALMA Bank is a privately-held, full-service community and business bank headquartered in Long Island City, New York, founded in 2007 and operating 12 to 14 branches across Queens, Brooklyn, the Bronx, and New Jersey. The bank serves both consumer and small-to-medium business customers with deposit products (checking, savings, money markets, CDs, IRAs), lending products (personal, residential, SBA, commercial real estate, construction), treasury and cash management, merchant services via Clover, and a wealth management subsidiary, ALMA Wealth Management. Its customer base is concentrated in diverse NY metropolitan communities, with relationship managers and branch staff positioned to serve Asian-American and Hispanic customers in culturally specific ways.
The bank's technology stack centers on a next-generation digital banking platform delivered in partnership with Narmi, launched in June 2026, providing online and mobile banking, upgraded bill pay, Zelle for Business, and improved wire transfer capabilities. Mobile apps are available on iOS and Android, with telephone banking, remote deposit capture, and surcharge-free ATM access through the Allpoint and SUM networks. Payment integrations include Zelle, PayPal (ALMA People Pay), Apple Pay, and MasterCard-issued debit and credit products. The bank is FDIC-insured and reports approximately $1.5 billion in total assets as of 2026.
ALMA Bank generates revenue through a traditional community bank model, primarily net interest income from the spread on loans and deposits, supplemented by transaction-based and service fees on wires, overdrafts, safe deposit boxes, merchant processing, and account services. The publicly disclosed consumer fee schedule (effective August 2025) includes $35 overdraft fees, $10-$50 wire transfer fees, $20 stop payments, and $500 monthly maintenance on Business DACA accounts. GTM is direct-to-consumer and direct-to-SMB, distributed through physical branches, digital channels, and community-involvement-driven marketing, with no enterprise or institutional customer concentration evident in the available data.
ALMA BANK firmographics
Firmographics- Name
- ALMA BANK
- Legal name
- ALMA Bank
- Website
- http://almabank.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ALMA Bank is a privately-held community bank founded in 2007, operating 12-14 branches across the New York metropolitan area and serving consumer and small business customers with deposits, lending, cash management, merchant services, and a wealth management subsidiary.
- Ownership category
- akta.pro rank
ALMA BANK industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Commercial Banking (522110)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
- akta.pro secondary industry
- Real Estate (Commercial Property, REITs) (FSABACAH)
Keywords
Where ALMA BANK is headquartered
LocationHeadquarters
- HQ city
- Astoria
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
ALMA BANK business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
Revenue model
- Net Interest Income: Traditional banking revenue from interest earned on loans (commercial real estate, SBA loans, construction loans, business loans, personal loans, residential lending) and interest paid on deposits (checking, savings, CDs, money markets, IRAs).
- Fee-based Income: Various banking fees including wire transfer fees ($10-$50), overdraft fees ($35), account service fees, safe deposit box rentals, merchant services, and other transaction-based fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Consumer fee schedule with wire transfer, overdraft, and service fees |
| Subscription | Monthly | Personal and business checking, savings, lending, and credit card products |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels4 records
ALMA BANK product offering
Product offeringCore offering
ALMA Bank is a full-service community and business bank offering personal banking (checking, savings, CDs, IRAs, money markets, residential lending, credit cards) and business banking (checking, savings, SBA loans, commercial real estate loans, construction loans, cash management, merchant services). The bank operates 14 branches across the New York metropolitan area and delivers multi-channel access through branch, online, mobile, and telephone banking powered by a Narmi digital platform.
Product overview
ALMA Bank offers a comprehensive suite of banking products and services as a community bank with approximately $1.5 billion in assets and 14 branches in the New York metropolitan area. The core offerings include Personal Banking (checking, savings, lending, credit cards, residential lending) and Business Banking (checking, savings, lending, cash management, merchant services). The bank provides multi-channel access through Online Banking, Mobile Banking (iPhone, iPad, Android), Telephone Banking, and ATM networks. Key services include Zelle for person-to-person payments, ALMA People Pay, Bill Pay, Remote Deposit Capture, and Merchant Services via Clover. Business customers can access Cash Management tools including ACH, wire transfers, Positive Pay, and treasury management. The bank recently launched a next-generation digital banking platform in partnership with Narmi, with plans for additional features in 2026.
Differentiator
Problem solved
Functional benefit
Brands
- ALMA Wealth Management: Wealth management services offered by ALMA Bank, accessible at almawealthmanagement.com
Products and services
- Personal Banking Full-service personal banking for individual consumers including checking, savings, lending, residential lending, and credit card products.
- Business Banking Business banking services for small and commercial customers including business checking, business savings, SBA loans, commercial real estate loans, construction loans, cash management, and merchant services.
- Personal Checking Accounts Personal checking account options including Basic Checking, Premier Checking, and Premier Plus Checking tiers for individual consumers.
- Personal Savings Accounts Personal savings products including Personal Savings, Premier Personal Savings, CDs, IRAs, and Money Markets for individual consumers.
- Business Checking Accounts Business checking account options including Flexible Checking, Small Business Checking, Enterprise Checking, and Analysis Checking for business customers.
- Business Savings Accounts Business savings products including Business Savings, Enterprise Savings, Business Money Markets, CDs, and IOLA/IOLTA accounts for business customers.
- Business Lending Solutions Business loans including SBA Loans, Commercial Real Estate Loans, and Construction Loans for commercial customers.
- Residential Lending Mortgage and residential loan products for home purchases and refinancing offered to individual consumers.
- Wealth Management Wealth management services for high-net-worth individuals and families delivered through subsidiary ALMA Wealth Management.
- Cash Management Business cash management including ACH originations, wire transfers, Positive Pay fraud protection, remote deposit services, lock box services, zero-balance accounts, and sweep accounts for business customers.
- Business Debit MasterCard Business debit card with global MasterCard acceptance, surcharge-free ATM access via Allpoint and SUM networks, and automatic deduction from business checking.
- Business Credit Cards Business credit cards including Business World Credit Card and Business World Elite Credit Card on the MasterCard network offering cash flow management, identity theft resolution, and concierge services.
- Merchant Services Clover-based merchant services for business point-of-sale and payment processing offered to business customers.
- Mobile Banking Mobile banking apps for iPhone, iPad, and Android devices with text banking, mobile check deposit, and full account access for consumer and business customers.
- Next-Generation Digital Banking Platform Digital banking platform powered by Narmi providing online banking, mobile banking, Zelle for Business, bill pay, wire transfers, and remote deposit capture capabilities for consumer and business customers.
Companies that use ALMA BANK
Customer profileSegments3 records
ALMA BANK technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature1 record
ALMA BANK partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- NarmicoreNarmi, a digital banking solutions provider, partnered with Alma Bank to launch a next-generation digital banking platform for the bank's consumer and business customers in the New York metropolitan area. The partnership provides enhanced features including upgraded bill pay, Zelle for Business, and improved wire transfer capabilities. Alma Bank plans to expand its presence on Narmi's platform in 2026 with additional account opening features.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
ALMA BANK competitors and assessment
Company assessmentDirect peers
- Ponce Bank: NYC-based community bank focused on Hispanic and multicultural customers offering personal and business banking; closely comparable in customer segment targeting, deposit gathering, and SBA lending approach.
- Carver Federal Savings Bank: NYC-headquartered community bank serving underbanked communities with personal and business banking; comparable in mission-driven community banking, multicultural customer base, and asset size class.
- Hanover Community Bank: Long Island-based community bank with multi-branch NY metro presence; comparable in size, multicultural community focus, and consumer/business banking mix.
- Northfield Bank: NY metro community bank with branch presence across Staten Island and Brooklyn; comparable asset size, deposit-funded model, and consumer/SMB banking mix.
- ConnectOne Bancorp: NY/NJ regional community bank serving consumers and businesses with comparable commercial lending, SBA, and CRE focus; similar scale and competitive set.
- Investors Bancorp / Investors Bank: New Jersey-based community bank with strong NYC metro presence; directly comparable in geographic footprint, SMB lending focus, and community bank scale.
- Flushing Financial Corporation (Flushing Bank): New York metro community bank with comparable Asian-American customer focus, similar branch-based retail and commercial banking model, and overlapping geographic footprint in Queens and surrounding boroughs.
- Dime Community Bancshares: Long Island-headquartered community bank serving consumers and SMBs in the NY metro; comparable branch network, deposit-funded lending model, and commercial real estate exposure.
Broad incumbents
- Bank of America: National incumbent competing for the same NY metro consumer and SMB deposits and loans; serves as the scale benchmark ALMA differentiates against via personalized service and community ties.
- New York Community Bank (Flagstar Financial): Much larger regional bank with dominant NY metro presence; broader product suite including mortgage origination but overlapping customer segments and competitive dynamics in CRE and multifamily lending.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
ALMA BANK social profiles
Digital presenceALMA BANK compliance and trust
Trust signalCompliance1 record
ALMA BANK financial estimates
Financial estimateRevenue estimate
Valuation estimate
ALMA BANK leadership team
Management profileNumber of profiles
ALMA BANK subsidiaries and ownership
Company hierarchySubsidiaries1 record
ALMA BANK funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ALMA BANK M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ALMA BANK
What does ALMA BANK do?
ALMA Bank is a full-service community and business bank offering personal banking (checking, savings, CDs, IRAs, money markets, residential lending, credit cards) and business banking (checking, savings, SBA loans, commercial real estate loans, construction loans, cash management, merchant services). The bank operates 14 branches across the New York metropolitan area and delivers multi-channel access through branch, online, mobile, and telephone banking powered by a Narmi digital platform.
Is ALMA BANK a public or private company?
ALMA BANK is a private company. It is classified as unknown and is currently operating.
When was ALMA BANK founded?
ALMA BANK was founded in 2007. It employs 101 to 250 people.
Where is ALMA BANK based?
ALMA BANK is headquartered in Astoria, United States, in the North America region.
How does ALMA BANK make money?
Two revenue lines are on record. Net Interest Income is the primary driver. The others are fee-based Income.
Who are ALMA BANK's main competitors?
Direct peers on record are Ponce Bank, Carver Federal Savings Bank, Hanover Community Bank, Northfield Bank, ConnectOne Bancorp, Investors Bancorp / Investors Bank, Flushing Financial Corporation (Flushing Bank) and Dime Community Bancshares. Broad incumbents are Bank of America and New York Community Bank (Flagstar Financial).
Does ALMA BANK have an API?
No public API is recorded for ALMA BANK.
What industry is ALMA BANK in?
ALMA BANK's product category is Community Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks), with a secondary code of FSABACAH, Real Estate (Commercial Property, REITs). Its NAICS code is 52211 and its SIC code is 6022.