Bank Leumi USA Opens New Commercial And Private Banking Office In Los Angeles, California

PR Newswire Association LLC

NEW YORK, June 2, 2014 /PRNewswire/ -- Bank Leumi USA is pleased to announce the opening of its new branch office in downtown Los Angeles on June 2, 2014 at 555 West Fifth Street, 33^rd 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.

For nearly 40 years, Bank Leumi USA has served the Los Angeles community with branches in Los Angeles, Beverly Hills and Encino. By moving to a single new location, the bank will strengthen its resources and teams to provide holistic banking and investing services to its commercial and private banking clients.

"We are proud to build on our decades of service to the Los Angeles community with our new office," says Avner Mendelson, President and CEO of Bank Leumi USA. "Bringing our teams together in one location reinforces the services our clients rely on, and offers the support our customers – and prospective customers – need in their business and investments today."

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).

About Bank Leumi USA

Bank Leumi USA, the largest subsidiary of the Leumi Group, has operated in the U.S. for more than fifty five years. It is an FDIC-insured, full-service commercial bank providing financial services to middle market firms and international businesses through offices in New York, California, Florida, Illinois and a representative office in Israel. Bank Leumi USA 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. (LISI). (LISI) is a FINRA and SIPC member, and investments purchased through LISI are not FDIC insured, have no bank guarantee, and may lose value.