Bank Leumi USA, operating in the U.S. for more than fifty five years, is an FDIC-insured, full-service commercial bank that provides financial services to middle market firms and international businesses through offices in New York, Illinois, California, Florida, and a representative office in Israel and an offshore office in the Cayman Islands.
We serve importers and exporters, manufacturers, distributors and retailers in such diverse industries as diamonds and jewelry, textiles and apparel, food and wine, entertainment, real estate and high technology.
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.
Bank Leumi USA is the largest subsidiary of the Leumi Group, Israel’s leading banking group, founded in 1902, with total financial assets under management, amounting to $294 billion and shareholders' equity of $7.4 billion. Bank Leumi USA and Bank Leumi le-Israel are separate legal entities. Bank Leumi le-Israel B.M. is recognized as a significant force in international finance. Bank Leumi le-Israel B.M.'s primary banking supervisor is the Bank of Israel.The Leumi Group serves clients around the world through 338 branches and offices in Israel and abroad, with major world financial centers in 17 countries, and a broad network of correspondent banks.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).
Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.