Es Bancshares Inc. (ESBS)

Overview

ES Bancshares, Inc., an established entity in the financial sector, operates its banking services through its subsidiary, Empire State Bank. The bank has positioned itself as a prominent provider of commercial banking products and services within the state of New York. Founded in 2004, with its headquarters in Staten Island, New York, the institution has built a solid reputation by offering a comprehensive suite of financial solutions tailored to both personal and business needs. ES Bancshares, Inc. focuses on delivering value through exceptional customer service, innovative banking solutions, and a commitment to community involvement.

Products and Services

ES Bancshares, Inc. offers a wide range of financial products and services designed to meet the diverse needs of its clients:

• Deposit Products:

  The bank provides a variety of deposit accounts, including personal and business checking, money market accounts, savings accounts, individual retirement accounts (IRAs), and certificates of deposit (CDs). These offerings are designed to meet the savings and transactional needs of customers, ensuring safety, convenience, and competitive interest rates.

• SBA Loans and Lines of Credit:

  For businesses seeking growth or operational funding, ES Bancshares offers Small Business Administration (SBA) loans and flexible lines of credit. These financial tools are vital for businesses looking for affordable financing options to expand, manage cash flow, or invest in new opportunities.

• Commercial Loans:

  The bank also caters to commercial entities needing term loans, letters of credit, real estate and multi-family real estate loans, as well as general commercial business loans. These loans are customized to support various business objectives, from real estate development to working capital management.

• Home Equity and Mortgage Loans:

  Homeowners can benefit from ES Bancshares’ offerings, which include home equity loans and mortgage loans secured by one-to-four-family residences. These products help individuals leverage their home equity to finance major expenses or invest in real estate.

• Electronic and Remote Banking Services:

  To complement its traditional banking products, ES Bancshares, Inc. provides a comprehensive array of electronic and remote banking services. This includes debit cards, direct deposit, automatic loan payments, combined statements, and innovative remote deposit capabilities. Furthermore, the bank offers sophisticated cash and escrow management services, insured cash sweeps, and insurance services, facilitating efficient financial management for both personal and business clients.

• Payment and Transfer Services:

  With the aim of enhancing transaction convenience, the bank provides wire transfer, night depository, automated clearing house (ACH), and online and mobile banking services. These services allow customers to manage their finances securely and efficiently, anytime and anywhere.