Citibank is a commercial bank established in 1812 and based in New York, New York. in 1863, Formerly known as City Bank of New York, Citibank provides a range of services including checking and savings accounts, loans, certificates of deposit and wealth management advice. The bank also offers mortgages and investment products such as insurance, annuities, bonds, mutual funds, and securities backed lending and services like business and small business banking products, cash management, treasury management, and merchant services. The bank operates as the consumer division of financial services multinational Citigroup.