December 26, 2014 6:59 AM ET

Banks

Company Overview of Bank Leumi USA

Company Overview

Bank Leumi USA operates as a commercial bank that provides financial services to middle market firms and international businesses in the United States. The company offers commercial banking services, including middle market lending, syndicated loans, equipment lease financing, cash management, trade finance, and wealth management; individual and corporate private banking services; and advisory services, brokerage services, cash management, corporate services, deposit products, and a range of securities and insurance products. It serves importers and exporters, manufacturers, distributors, and retailers in various industries, such as textiles and apparel, food and wine, entertainment, real es...

579 Fifth Avenue

New York, NY 10017-1917

United States

Founded in 1954

Phone:

917-542-2343

Fax:

917-542-2254

Key Executives for Bank Leumi USA

Chief Executive Officer and President
Chief Operating Officer and Executive Vice President
Senior Vice President of Private Banking & International Services
First Vice President and Head of Trade Finance Group
Head of Diamond & Jewelry Leading Team
Compensation as of Fiscal Year 2014.

Bank Leumi USA Key Developments

Bank Leumi USA Opens New Commercial and Private Banking Office in Los Angeles, California

Bank Leumi USA announced the opening of its new branch office in downtown Los Angeles on June 2, 2014 at 555 West Fifth Street, 33rd floor. Bringing the bank's three LA area branches into a single location will provide more efficient, client-focused service to ensure that client needs are met. The new branch office will benefit clients through expanded commercial business services in key areas, such as Healthcare, Commercial Real Estate, Apparel, Technology and more. Similarly, private banking clients will benefit from innovative solutions and broker-dealer services through Leumi Investment Services Inc. (LISI).

Bank Leumi USA Appoints Mason C. Salit as Head of U.S. Private Banking

Bank Leumi USA has appointed Mason C. Salit as the Head of U.S. Private Banking. Prior to joining Bank Leumi USA, he served as the Wealth Market Leader at TD Wealth. In his new role, Salit will lead the private banking team through Bank Leumi USA's personalised and client-focused approach to ensure that the financial objectives of clients are met through a variety of innovative products and services.

Bank Leumi USA Announces Management Changes

The Boards of Directors of the Leumi Group and Bank Leumi USA appointed Avner Mendelson as President and Chief Executive Officer of Bank Leumi USA, effective September 1, 2013. Mr. Mendelson replaced Itzhak Eyal who served as President and Chief Executive Officer of Bank Leumi USA for the past three years. Mr. Eyal has retired after serving in various executive roles within the Leumi Group for 38 years. Mr. Mendelson has been with the Leumi Group for six years, during which time he has served as the Head of the Group's Strategy and International Operations and as the Group CEO's Chief of Staff. Additionally, he has served on Bank Leumi USA's Board for the past year and a half and has been an integral part of the strategic plans that were announced last year. Prior to joining Leumi, Mr. Mendelson was a Business Analyst and Senior Associate with McKinsey & Company in London.

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