Alma Bank Community Involvement

Alma Bank is a community bank with local ownership and bankers from the community.  We make every effort to make the communities we serve better and stronger.  Whether it’s donations or sponsorships for events such as church festivals, school scholarships or children’s sports teams, Alma Bank thrives on supporting various organizations within the communities with any of their endeavors.   


Alma Bank – Habitat for Humanity NYC Volunteer Day

Alma Bank joined forces with Habitat for Humanity NYC to work on the restoration of an affordable single-family residence in the Jamaica section of Queens on 10/5/18. The Alma Bank team spent the day installing new windows and helping build an outdoor deck on the home previously owned by the NYC Housing Authority, that had been vacant for over 20 years.





Alma Bank Brooklyn Back-to-School Backpack Give-Away

Alma Bank’s Brooklyn branches worked in conjunction with local NYC intermediate public schools to help ensure that children in need are given the necessary supplies to succeed in the classroom this year. Alma Bank donated backpacks filled with grade-appropriate supplies prior to the start of classes in late August.




Michael Psyllos Appointed New President & CEO of ALMA Bank.

Long Island City, NY July 6, 2017 - ALMA Bank has announced the appointment of Michael Psyllos as their President & CEO. He assumed this new responsibility on July 6, 2017. Richard Ferranti was acting as Interim President on the bank until Mr. Psyllos assumed the role of President & CEO.

Mr. Psyllos has been part of the ALMA Bank's Board of Directors for the past two years, serving on the Audit, Risk & Governance, Budget, Directors' Loan and Compliance Committees. He was recently named Vice Chairman of the Board of Directors.

According to ALMA Bank Chairman Kirk Karabelas "Michael will help us further the mission and growth of ALMA Bank. Since our inception we work hard to get to know the communities and people we serve. We strive to give our customers a sense of trust, that we are here to support them, in the business endeavors they undertake."

Mr. Psyllos added "I'm excited about my new role at ALMA Bank. I will be focused on continuing to make high quality customer service the cornerstone of our operations. This means delivering personalized banking solutions to our business and personal banking customers alike, based on their individual needs."

Mr. Psyllos holds a BBA in Public Accounting (and a minor in Computer Science) from Hofstra University, and an MBA in Finance & Accounting from NYU Stern School of Business along with a Law Degree from Touro College. Prior to joining ALMA Bank, Mr. Psyllos held senior positions at Citigroup, Millstein & Co. and Breakwater Capital Partners.

About ALMA Bank:

ALMA Bank is a Long Island City based community bank with over $1.0 billion in assets and 13 branches serving the greater metropolitan New York City area. ALMA Bank offers a full range of innovative consumer and business banking solutions along with "The ALMA Difference" - a service oriented, highly personalized private banking experience. Learn more about ALMA Bank at

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