On March 4, 2026, Emigrant Bancorp announced that it is to acquire a majority interest in Fortis Management Group.
Emigrant Bancorp (“Emigrant”), announced on March 4, 2026, its agreement to acquire a majority interest in Fortis Management Group (“Fortis”). Under the terms of the transaction, Fortis’ 14-person team will join Emigrant. Further terms of the transaction were not disclosed.
Emigrant, based in New York, is the parent company of Emigrant Bank, a Miami based, privately held, family owned and operated bank, providing custom lending, insurance, trust and fiduciary services to ultra-high-net worth families and RIAs. Nesvold Capital served as financial advisor to Emigrant on the transaction.
Fortis, based in Boston, Massachusetts, is a fee-only family office offering customized financial reporting, cash management, family governance, tax, trust, and estate planning services to ultra-high-net-worth individuals and families.
To read the press release: please click here.