Bank Leumi USA Announces Opening of Representative Office in Israel

NEW YORK, Dec. 6, 2010 /PRNewswire/ -- Bank Leumi USA (BLUSA) has announced the opening of a representative office in Herzliya Pituach, Israel.  Managing the office will be Mr. Yaron Ben Horin, a banker with extensive experience in financial services in both Israel and the United States.

This representative office offers Israelis local access to Bank Leumi USA.  Private banking and commercial clients will be able to call on Mr. Ben Horin to secure meetings, facilitate introductions with BLUSA officers in the United States and further deepen their relationship experience with Leumi.

Mr. Ben Horin has been with the Leumi Group for seven years.  Most recently, he served as a Senior Private Banker working with international clients in the Private Banking Division at BLUSA headquarters in New York. Yaron holds an MBA from the Hebrew University of Jerusalem.

According to Mr. Itzhak Eyal, CEO of Bank Leumi USA, "We present a unique offering to our Israeli clients: a leading U.S. based, FDIC-insured financial institution that follows its clientele to where their business interests take them.  While firmly grounded in our Israeli heritage and culture, we serve as an important bridge to the global economy, and the US markets in particular. We are confident that opening of the new representative office will allow BLUSA to significantly increase our market share among our customers that are active in the U.S."

Bank Leumi USA is an FDIC-insured, full-service commercial bank that provides financial services to middle- and upper-middle market firms, international businesses, and  not-for-profit organizations through offices in New York, Illinois, California and Florida.  BLUSA offers U.S. and international private banking services as well as a full range of securities and insurance products through its brokerage subsidiary, Leumi Investment Services Inc.  Bank Leumi USA is the largest subsidiary of the worldwide Leumi Group, founded in 1902.  BLUSA has operated in the U.S. for 57 years.

SOURCE Bank Leumi USA

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