Leumi Establishes Asset-Based Lending Business, Appoints Mark Fagnani as Head

Fagnani Brings Extensive Commercial Lending and Credit Leadership July 16, 2018 09:15 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Bank Leumi USA announced today that it has hired Mark Fagnani to head its new Asset-Based Lending (ABL) business, which will be based in its New York headquarters. In this role, Fagnani will be responsible for leading … Read more

Bank Leumi Welcomes New Head of Credit

NEW YORK–(BUSINESS WIRE)–Bank Leumi USA announced today that it has hired Dan O’Donnell as the new Head of Credit, based in its New York headquarters. In this role, O’Donnell will be responsible for overseeing portfolio management and underwriting functions, while ensuring strong credit quality as the commercial banking business continues to grow. He will report … Read more

Avner Mendelson and Leumi Featured in American Banker

Turnaround complete, Bank Leumi seeks U.S. expansion American Banker, June 14, 2018 By Hilary Burns Avner Mendelson has made progress over his five years running Bank Leumi USA. When Mendelson became the bank’s CEO in September 2013, it was suffering from stagnation. The next year, the bank absorbed a $50 million loss after its parent, … Read more

LeumiTech CEO Quoted in Reuters

Israel’s defense expertise drives tech boom for autonomous cars May 23, 2018 By Tova Cohen, Steven Scheer SHFAYIM, Israel (Reuters) – Technology that has helped Israel’s military drive tanks, guide and intercept missiles, and keep its computer systems secure is being redeployed in the development of driverless cars. Investment from firms seeking access to Israeli … Read more

Bank Leumi USA Announces Closing of Strategic Investment by Endicott Management and MSD Capital

Bank Leumi USA reported the closing of the strategic investment in Bank Leumi le-Israel Corporation (“BLC”), the U.S. bank holding company of Bank Leumi USA. The strategic investment, originally announced on January 22, 2018, is being led by Endicott Management Company (“Endicott”) and includes MSD Capital, L.P. (“MSD Capital”), and together represents an aggregate of … Read more

Leumi Wins Dell Technologies Customer Award

Dell Technologies Announces Customer Award Winners Eight industry leaders exemplify excellence across all stages of the Digital Transformation journey Innovator award winners: Ford Motor Company, Bank Leumi, AeroFarms and Johnson & Johnson Trailblazer award winners: Volvo Cars/Zenuity, Travelers, Unidad de Conocimiento and State Bank of India Dell Technologies to donate $20,000 to four non-profit organizations on behalf of … Read more

Bank Leumi Launches Municipal Deposit Strategy in Florida

May 01, 2018 10:21 AM Eastern Daylight Time AVENTURA, Fla.–(BUSINESS WIRE)–Bank Leumi announced it has expanded its deposit efforts into the municipal sector in Florida. As a Qualified Public Depository, Bank Leumi is now offering highly competitive short-term liquidity programs for Florida municipalities. Leumi’s municipal strategy will include coverage of all cities and counties statewide. … Read more

Doug Meyer Featured in The Secured Lender

Douglas Meyer, Senior Vice President and Group Head in the Northeast Middle Market for Leumi’s Commercial Banking division, was recently profiled by The Secured Lender, the magazine of the Commercial Finance Association. The feature highlights Meyer’s spearheading of the launch of Leumi’s water division and his success in expanding the Commercial Banking business. His feature … Read more