Modern Bank: Professional Services

Expertise > Professional Services

The professional services industry is highly concentrated in the New York commercial market. Across major segments - including law firms, consulting firms, medical practice groups, media and advertising firms, and fashion and design firms - our bankers have developed a deep understanding of the specialized needs of our clients.

Modern Bank offers specialized credit and cash management products for working capital, escrow accounts, and capital expenditures. Our sophisticated and service-focused wire transfer and notification capabilities assist professionals with closings and other time sensitive transactions. A wide variety of deposit products provide flexibility and security for cash reserves.

To learn more about our Professional Services solutions, please contact Chahin Pahlavi at (212) 323-1118 or cpahlavi@modernbank.com.

Member FDIC - Banking deposits are FDIC insured up to maximum amount allowable by law.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.