OREANDA-NEWS. Fitch Ratings plans to withdraw the ratings of Emigrant Bancorp, Inc. on or about April 4, 2016, for commercial reasons.

Fitch currently rates the following entities with a Stable Outlook:

Emigrant Bancorp, Inc.
--Long-term Issuer Default Rating (IDR) at 'BB';
--Viability Rating at 'bb';
--Short-term IDR at 'B';
--Support Rating at '5';
--Support Rating Floor at 'NF'.

Emigrant Bank
--Long-term IDR at 'BB';
--Viability Rating at 'bb';
--Long-term deposits at 'BB+';
--Short-term IDR at 'B';
--Support Rating at '5';
--Support Rating Floor at 'NF'
--Short-term deposits at 'B'.

Emigrant Mercantile Bank
--Long-term IDR at 'BB';
--Short-term IDR at 'B';
--Support Rating at '5';
--Support Rating Floor at 'NF'.

Emigrant Capital Trust I & II
--Trust preferred stock at 'B+'.

Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market of the rating withdrawal of Emigrant Bancorp, Inc. and its related entities. Ratings are subject to analytical review and may change up to the time Fitch withdraws the ratings.

Fitch's last rating action for the above referenced entities was on April 7, 2015. The ratings were upgraded.