Construction financing is a distinct part of commercial real estate lending, and a bank with a large overall property portfolio may not have an equally large construction book. BestCRE ranks New York headquartered banks by construction, land development and other land loans reported on schedule RC-C of their FDIC Call Reports as of June 30, 2026. The 20 banks in the table hold $22.9 billion in that category and $140.7 billion in total CRE loans. The table also shows multifamily, owner occupied and investor nonfarm nonresidential balances, allowing borrowers to compare construction exposure with the rest of each bank’s reported CRE portfolio.
The ranking covers banks headquartered in New York, not every institution that can finance a project in the state. New York had 108 headquartered banks with $197.5 billion in total CRE loans, while the main BestCRE state ranking orders those banks by total CRE rather than construction and land lending. Banks based elsewhere can also lend through New York branches, and nonbank lenders do not appear in FDIC Call Reports. The figures describe reported portfolio size, mix, growth and concentration. They do not describe current approval standards, pricing or available capacity for a particular transaction, which borrowers must confirm directly with each lender.
New York banks ranked by construction and land loans
| Rank | Bank | Headquarters | Total CRE loans ($M) | Construction and land ($M) | Multifamily ($M) | Owner occupied ($M) | Change, 1 year | CRE share of loans |
|---|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs Bank USA | New York, NY | $13,518 | $4,183 | $2,238 | $118 | +5.2% | 5.4% |
| 2 | Manufacturers and Traders Trust Company | Buffalo, NY | $34,665 | $3,351 | $7,115 | $10,556 | +0.6% | 24.2% |
| 3 | Banco Bilbao Vizcaya, S.a. | NEW YORK CITY, NY | $2,576 | $2,268 | $308 | $0.0 | +84.1% | 6.6% |
| 4 | Bank Hapoalim B.M. | New York, NY | $2,983 | $1,919 | $1,064 | $0.0 | +20.0% | 34.7% |
| 5 | NorthEast Community Bank | White Plains, NY | $1,764 | $1,402 | $327 | $0.0 | +5.8% | 92.0% |
| 6 | The Bank of New York Mellon | New York, NY | $4,820 | $1,383 | $1,555 | $0.0 | -5.8% | 10.3% |
| 7 | Flagstar Bank, N.A. | Hicksville, NY | $35,271 | $1,370 | $26,922 | $2,509 | -17.5% | 57.6% |
| 8 | Popular Bank | New York, NY | $7,760 | $1,344 | $2,053 | $2,119 | +4.6% | 65.9% |
| 9 | Ponce Bank, N.A. | Bronx, NY | $2,406 | $813 | $1,058 | $62.9 | +21.2% | 82.7% |
| 10 | Bank of China | New York, NY | $1,891 | $755 | $1,137 | $0.0 | -5.6% | 10.8% |
| 11 | Five Star Bank | Rochester, NY | $2,498 | $654 | $524 | $355 | +10.1% | 52.5% |
| 12 | Israel Discount Bank of New York | New York, NY | $5,735 | $610 | $1,205 | $1,601 | +4.2% | 57.5% |
| 13 | Tompkins Bank & Trust | Ithaca, NY | $3,302 | $490 | $776 | $583 | +6.5% | 50.1% |
| 14 | Metropolitan Commercial Bank | New York, NY | $6,358 | $482 | $414 | $3,139 | +17.1% | 86.7% |
| 15 | NBT Bank, N.A. | Norwich, NY | $4,692 | $476 | $1,496 | $997 | +1.9% | 39.5% |
| 16 | Standard Chartered Bank, Plc | NEW YORK, NY | $594 | $464 | $130 | $0.0 | +38.6% | 2.0% |
| 17 | Community Bank, N.A. | Canton, NY | $3,684 | $355 | $952 | $837 | +12.1% | 32.6% |
| 18 | Pioneer Bank, N.A. | Albany, NY | $671 | $210 | $130 | $92.5 | +12.6% | 35.3% |
| 19 | Deutsche Bank Trust Company Americas | New York, NY | $3,957 | $195 | $1,987 | $0.0 | -8.7% | 25.5% |
| 20 | The Canandaigua National Bank and Trust Company | Canandaigua, NY | $1,512 | $180 | $341 | $246 | +5.1% | 37.0% |
Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record. Table shows the top 20 of 86 banks headquartered in New York that hold this loan type.
Goldman Sachs Bank USA leads with $4.2 billion in construction and land loans, ahead of Manufacturers and Traders Trust Company at $3.4 billion. Their broader portfolios differ: Goldman Sachs reports $13.5 billion in total CRE loans, while Manufacturers and Traders Trust Company reports $34.7 billion. Banco Bilbao Vizcaya, S.a. ranks third with $2.3 billion in construction and land loans and reports +84.1% CRE growth year over year. NorthEast Community Bank has $1.4 billion in construction and land loans, a 92.0% CRE share of loans and investor CRE equal to 5.02x equity. Flagstar Bank, N.A. also reports $1.4 billion in construction and land lending, but its $26.9 billion multifamily balance dominates its $35.3 billion CRE portfolio. Flagstar’s total CRE declined -17.5%, illustrating why construction balances, portfolio mix and recent direction should be reviewed together.
Out of state banks with branches in New York
| Bank | Headquarters state | Branches in New York | Deposits in New York ($M) | Total CRE loans, all states ($M) |
|---|---|---|---|---|
| JPMorgan Chase Bank, N.A. | Ohio | 576 | $970,263 | $179,847 |
| Bank of America, N.A. | North Carolina | 251 | $127,455 | $79,906 |
| Citibank, N.A. | South Dakota | 214 | $108,336 | $26,036 |
| HSBC Bank USA, N.A. | Virginia | 8 | $106,878 | $1,637 |
| Wells Fargo Bank, N.A. | South Dakota | 87 | $55,236 | $121,623 |
| TD Bank, N.A. | Delaware | 231 | $54,791 | $30,408 |
| KeyBank, N.A. | Ohio | 228 | $32,116 | $17,153 |
| Capital One, N.A. | Virginia | 76 | $29,050 | $24,111 |
| Citizens Bank, N.A. | Rhode Island | 170 | $26,734 | $26,949 |
| Webster Bank, N.A. | Connecticut | 76 | $25,401 | $22,551 |
Source: FDIC Summary of Deposits 2026. Deposits and branches are for New York only; CRE loans are bank wide.
Portfolio size and direction help borrowers build a call list
A larger construction and land balance can indicate demonstrated appetite and capacity to hold these loans, but it is a starting point rather than evidence that a bank will approve a particular project. Borrowers can use the ranking to identify institutions with meaningful reported exposure, then compare property type, location, loan size and relationship requirements directly. Growth adds another useful signal. Ponce Bank, N.A. reports $813.0 million in construction and land loans and +21.2% total CRE growth, while Five Star Bank reports $654.5 million and +10.1% growth. Those figures show which CRE books were expanding, without establishing the reason or whether that direction continued after June 30, 2026.
Bank lending remains relationship driven and local. A practical search should include several banks whose portfolio size and mix fit the proposed transaction, including institutions with headquarters near the project or an existing operating relationship. Total CRE size can suggest hold capacity, while the construction balance shows activity in the specific category ranked here. Manufacturers and Traders Trust Company has $34.7 billion in total CRE loans and $3.4 billion in construction and land loans. By comparison, Bank Hapoalim B.M. has $3.0 billion in total CRE loans, including $1.9 billion in construction and land loans. Direct discussions are still required to determine current interest and fit.
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Tell Us About Your DealHow BestCRE Capital WorksLoan mix and concentration identify different areas of activity
The component balances show where each bank’s reported CRE exposure is concentrated. Goldman Sachs Bank USA pairs $4.2 billion in construction and land loans with $7.0 billion in investor nonfarm nonresidential loans, while Manufacturers and Traders Trust Company reports $10.6 billion in owner occupied loans and $13.6 billion in investor nonfarm nonresidential loans. Flagstar Bank, N.A. is more heavily represented in multifamily, with $26.9 billion against $1.4 billion in construction and land loans. Metropolitan Commercial Bank reports $3.1 billion in owner occupied loans, the largest component of its $6.4 billion CRE portfolio. These differences help borrowers identify banks whose reported activity resembles the financing need.
Concentration provides a separate view from dollar size. CRE represents 92.0% of loans at NorthEast Community Bank, 86.7% at Metropolitan Commercial Bank and 82.7% at Ponce Bank, N.A. Their investor CRE to equity ratios are 5.02x, 3.33x and 4.46x, respectively, which are high relative to several banks in the table. Goldman Sachs Bank USA reports a 0.22x ratio, The Bank of New York Mellon reports 0.16x and Deutsche Bank Trust Company Americas reports 0.40x. A concentrated institution may be selective even when it has a substantial CRE portfolio, so borrowers should treat concentration as a screening factor rather than a commitment signal.
Out of state banks and nonbank lenders broaden the search
The headquarters filter excludes major banks based elsewhere that maintain New York branches. JPMorgan Chase Bank, N.A., headquartered in Ohio, has 576 branches and $970.3 billion of deposits in New York, with $179.8 billion in total CRE loans across all states. Bank of America, N.A., headquartered in North Carolina, has 251 New York branches, $127.5 billion in state deposits and $79.9 billion in total CRE loans across all states. Wells Fargo Bank, N.A., headquartered in South Dakota, reports 87 branches, $55.2 billion in New York deposits and $121.6 billion in total CRE loans across all states. Those nationwide CRE totals are not New York construction balances.
Borrowers can also compare bank proposals with debt funds, life companies, CMBS lenders, agency lenders and SBA lenders. These sources do not appear in bank Call Reports and may evaluate transactions through different programs and structures. Comparing several sources matters because a large reported portfolio does not disclose current pricing, available proceeds, recourse or execution requirements. Market benchmarks can provide context for lender discussions: as of Oct 26, 2026, the Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.78%, the 10 year Treasury was 4.96% and Fed funds was 3.88%. These benchmarks are reference points, not quoted loan terms.
Frequently Asked Questions
Which New York bank has the most construction and land loans?
Goldman Sachs Bank USA ranks first with $4.2 billion in construction, land development and other land loans as of June 30, 2026. It reports $13.5 billion in total CRE loans, including $2.2 billion in multifamily loans, $118.0 million in owner occupied loans and $7.0 billion in investor nonfarm nonresidential loans. Its total CRE balance increased +5.2% year over year and represents 5.4% of total loans. The ranking reflects loans held on the bank’s balance sheet in its FDIC Call Report, not a measure of current originations or transaction availability.
Which ranked bank has the largest overall CRE portfolio?
Flagstar Bank, N.A. has the largest total CRE portfolio in the ranked table at $35.3 billion, slightly above Manufacturers and Traders Trust Company at $34.7 billion. Flagstar ranks seventh for construction and land lending with $1.4 billion, while its portfolio includes $26.9 billion in multifamily loans. Its total CRE balance changed -17.5% year over year, CRE represents 57.6% of its loans and investor CRE equals 4.02x equity. This illustrates that the largest overall CRE lender is not necessarily the largest construction and land lender.
How broad is the New York bank CRE market?
New York has 108 headquartered banks holding $197.5 billion in total CRE loans. Their combined balance changed -0.9% year over year, and the top five hold 50.0% of total CRE at state headquartered banks. For national context, all 4,167 banks report $3.07 trillion in total CRE loans. BestCRE’s construction ranking includes 20 New York headquartered banks with $140.7 billion in total CRE loans and $22.9 billion in construction and land loans. The coverage therefore focuses on the largest reported construction and land balances rather than every potential lender operating in New York.
Where do the rankings come from?
BestCRE uses FDIC Call Reports, formally the Reports of Condition and Income, including schedule RC-C, as of June 30, 2026. Branch and deposit information comes from the FDIC Summary of Deposits 2026. Call Reports classify loans held by each reporting bank into construction and land, multifamily, owner occupied, and investor nonfarm nonresidential categories. The figures describe balance sheet exposure at the reporting date. They do not show applications, approvals, commitments that have not been funded, loans sold from the balance sheet or lending activity by debt funds, life companies, CMBS, agency and SBA lenders.
Which banks reported the fastest CRE growth?
Among the ranked banks, Banco Bilbao Vizcaya, S.a. reports +84.1% year over year CRE growth, Standard Chartered Bank, Plc reports +38.6%, Ponce Bank, N.A. reports +21.2% and Bank Hapoalim B.M. reports +20.0%. Metropolitan Commercial Bank follows at +17.1%. Growth should be read with portfolio scale and mix. Banco Bilbao Vizcaya, S.a. reports $2.6 billion in total CRE loans, including $2.3 billion in construction and land loans, while Standard Chartered Bank, Plc reports $594.3 million in total CRE and $463.8 million in construction and land loans.
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BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.
