Philip Guarnieri

Empire State Bank
Chief Executive Officer


Philip Guarnieri is the Chief Executive Officer of ES Bancshares, Inc., and Empire State Bank, where his visionary leadership has been instrumental in establishing the bank as a prominent player in the industry. With a strategic approach, he played a key role in the organization and chartering of Empire State Bank in 2004, focusing on delivering exceptional commercial banking products and services to the Tri-State area communities. Under Phil's guidance, the bank has experienced remarkable growth, surpassing $639 million in assets, and emerging as a trusted leader in serving the needs of small businesses.

With over 40 years of extensive banking experience, Phil's career began at Hamilton Federal Savings FA, where he quickly advanced through various positions, including customer service representative, teller, Assistant Branch Manager, Assistant Vice President/Mortgage Officer, Vice President, and Branch Administrator. His proven dedication and expertise led him to assume key roles, including Vice President/Loan Origination at Home Federal Savings Bank and Senior Vice President/Chief Lending Officer at The Yonkers SLA, FA. From 2002 to 2004, Phil served as President/COO of Atlantic States Mortgage Corp., where he successfully managed all aspects of mortgage banking.

Apart from his professional achievements, Phil actively engages in the community and holds various directorial positions. He serves as a director of the Empire State Bank Foundation and holds roles such as Executive Director and Treasurer of the Staten Island Economic Development Corporation, Director of the Staten Island Chamber of Commerce Foundation, Director of the Brooklyn Chamber of Commerce, Director and Treasurer of the Asian Real Estate Association of America Brooklyn Chapter. Additionally, he is a Director of Chance of Life, Director of the New Dorp BID, Director of the Victory Boulevard Merchants Association, and Vice Chair of the Diversity, Equity, and Inclusion Committee of Patterns for Progress.

Phil obtained his B.A. in Banking and Finance from Hunter College and further expanded his knowledge through a continuing education program focused on Real Estate and Commercial Bank Lending at New York University.

With his extensive experience, strategic vision, and commitment to community development, Philip Guarnieri continues to drive the success of Empire State Bank and exemplifies the values and dedication required to succeed in the banking industry.

About Us:

In 2004, Empire State Bank was founded by a group of banking professionals and entrepreneurs who shared a common vision of establishing a new kind of bank that would address the evolving needs of the local communities. Leveraging their extensive financial expertise and deep understanding of the local communities, they set out to establish a financial institution that would combine these two critical aspects and provide a superior banking experience for their clients. Their vision was to establish a financial institution that offers customers high-quality personalized banking services, innovative financial products, and competitive rates. Since its inception, Empire State Bank has been committed to providing a full range of deposit and loan products designed to cater to the unique needs of both individuals and businesses. The Bank has achieved steady growth since its establishment and remains dedicated to enhancing its product offerings and online banking capabilities. Additionally, it aims to launch an extensive community involvement initiative that focuses on engaging with consumers and businesses throughout the regions it serves. As a community-oriented bank, Empire State Bank is committed to fostering long-lasting relationships built on trust, integrity, and exceptional service. It places a strong emphasis on giving back and supporting the communities it serves through sponsorships, charitable donations, and local events. The bank looks forward to continuing its positive momentum and expanding its services to meet the evolving financial needs of its customers and the community.