Background:

A relatively young bank, Global Bank was founded in 2007. Despite the international name, it is a New York bank. As of December 31, 2017, the bank held equity of $18.0 million on $160.9 million in assets.

Only employing approximately 30 full-time employees, Global Bank is very small, but, nimble. The bank currently holds $122.6 million in deposits from U.S. customers and rarely receives complaints.

Consensus:

Global Bank advertises its international flair and business accounts as major selling points. While the former is a bit misleading, the latter is a huge feather in their hat. Global Bank's focus on multi-language support, customer service and competitive rates makes them a great fit for business customers, especially those in NYC or those doing business overseas. However, families looking to open simple savings accounts, may find themselves without some of the comforts they come to expect from larger banks.