Phil Banks, deputy mayor and close friend of Eric Adams, resigned

Scandal-plagued Deputy Mayor Phil Banks has resigned amid weeks of pressure amid a federal investigation into public safety, in which both he and his longtime friend Mayor Eric Adams were implicated, sources told The Postal Service.

The resignation, which was submitted Sunday night, is the latest high-profile departure from the Adams administration — and is sure to raise further questions about whether the mayor himself can endure following his historic federal indictment, sources said.

Federal agents raided Banks’ home in Queens early on September 4 and confiscated his equipment.

Banks has since protested against calls for his resignation, including The Post editorial boardThose have intensified amid the dripping of details about the federal investigation.

Sources told The Post that Banks had strongly criticized him for leaving his job, but his resistance apparently broke.

His resignation comes amid the federal investigation after he and Adams’ friend Tim Pearson, a retired NYPD inspector who served as the mayor’s top aide and oversaw migrant security contracts, also resigned.

Chaos ensues when Adams faces five criminal counts in a bombshell federal indictment.

The sources said the federal investigation of Banks focuses on whether he awarded city contracts to companies backed by his younger brother Terrence’s consultancy firm, which made multimillion-dollar deals with the city.

Companies working with Terrence Banks that won public contracts include app-maker Saferwatch, IT companies Deriv Technologies and SVAM International and grocery store delivery app Mercato, records show.

Both the big banks and their brothers are regular at swanky Manhattan nightclub and cigar bar, insiders said.

Banks had long been a controversial and powerful figure in the Adams administration.

As deputy mayor for public safety, Banks was seen by many as akin to a shadow police commissioner. He repeatedly ignored Adams’ first NYPD top cop, Kent Sewell, who became so frustrated that he finally resignedSources said.

And Banks also brought significant baggage from his tenure within the NYPD. He had risen through the ranks to become head of the department, but suddenly resigned Before being promoted as First Deputy Commissioner in 2014.

At the time, Banks said he had left because he was unhappy with the promotion – but it was later revealed that he did so as part of a federal investigation into the broader bribery scandal of Jonah Rechnitz and Jeremy Reichberg, who dealt with prostitutes and jewelers. Also paid to the police.

Fed names banks Unknown co-conspirator and find his accounts Had $300,000 in secret transactions,

Despite the scandal, Adams appointed Banks in 2022 to serve as deputy mayor for public safety – a position that had not been filled by a mayor for three decades. The appointment also raised questions because City Hall officials did not request an immediate waiver to hire Banks, who was required to be eligible for his $252,000 salary from his time as a policeman. He was receiving an annual six-figure pension.

Adams defended the appointment of Banks and others against allegations of collusion, saying that he was selecting “the best people for the job.”

Banks’ tenure was surrounded by hostile talks with journalists, questions his rent-a-cop company Getting an MTA contract and connecting with Pearson, who got a job at City Hall despite his troubled past.