Morgan Stanley Private Bank, National Association
Purchase, New York, Westchester County
$250B in total assets, the 18th largest of 4,309 US banks and 3rd of 126 headquartered in New York.
- FDIC certificate
- 34221
- Established
- 1996
- Owned by
- Morgan Stanley
- Primary regulator
- OCC
- Website
- www.etrade.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $250B | 45% | $255B | |
| Loans | $187B | 68% | $144B | |
| Deposits | $212B | 48% | $225B | |
| Return on assets | 1.15% | 39% | 1.22% | |
| Net interest margin | 1.81% | 19% | 3.14% | |
| Efficiency ratio | 24.8% | 3% | 54.8% | |
| Equity to assets | 6.77% | 6% | 9.76% | |
| Loans to deposits | 88% | 87% | 73% |
Growth
Total assets grew 13.0% a year over the last 5 years and 18.3% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2022 | E*TRADE Bank Arlington, VA, an affiliate under the same holding company | $79.1B |
| Jan 2022 | E*TRADE Savings Bank Arlington, VA, an affiliate under the same holding company | $9.8B |
| Jul 2011 | (unknown, CERT 57628) , NY | $34M |
| Aug 1996 | Union Federal Bank, A federal savings bank Los Angeles, CA | $33M |
Where they operate
1 branch in 1 county.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Westchester County, NY | $212B | 77.2% | 1 of 31 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 1 branch since 2016 (2 to 1, −50.0%). 0 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 2 | |||
| 2016 | Closed Wilmington | 0 | 1 | −1 | 1 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 40% | 18% | |
| Commercial real estate | 3% | 7% | |
| Multifamily | 1% | 3% | |
| Consumer | 0% | 21% | |
| Construction and land | 0% | 2% | |
| Business (C&I) | 0% | 19% | |
| Other | 56% | 30% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 74% | 71% | |
| Time deposits | 26% | 12% | |
| Noninterest-bearing | 0% | 16% |
Brokered deposits are 25.7% of deposits (peers 6.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.20% | 0.86% |
| Net charge-offs, annualized | 0.01% | 0.37% |
| Reserves to loans | 0.20% | 1.49% |
| Leverage ratio | 6.65% | 9.49% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New York
Largest competitors in Westchester County, NY
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/morgan-stanley-private