Release: Leumi Strengthens Commercial Banking Team, Announces Internal Promotion

Eric Halpern Promoted to National Head of Healthcare Lending


New York, NY – February 2, 2016
— Leumi today announced it has promoted Eric A. Halpern to National Head of Healthcare Lending. In this role, Halpern is responsible for overseeing and growing the bank’s healthcare commercial banking business throughout the U.S.

“We are proud to recognize Eric’s contributions over his nearly 30-year tenure with the bank,” said Shawn McGowen, Head of Commercial Banking at Leumi. “Healthcare is one of the largest areas of growth within our commercial banking practice. Under Eric’s leadership, we will continue to build the business and provide our clients with the highest level of service.”

Beyond healthcare, Leumi’s commercial banking arm specializes in serving select industries, products and asset types in the U.S. middle market including high tech, media & entertainment, apparel and real estate. Its bankers focus on market areas with the most growth potential and work closely with a diverse roster of clients in each sector to develop custom solutions that best support their business needs.

Halpern has held several managerial roles since joining Leumi in 1987. Most recently, he was a Group Head in New York’s Commercial Banking Division, leading New York/New Jersey healthcare lending growth of $300 million over the last few years. Halpern was also responsible for middle market lending to industries including apparel, consumer electronics, importers, accessories companies and other assorted industries. He also has lending experience with a wide array of specialty industries, such as aviation, specialty finance companies and national sports franchises.

Halpern holds an MBA in finance and investments from Baruch College in New York and a bachelor’s degree in economics and business administration from Bar-Ilan University in Ramat Gan, Israel.


About Leumi

Bank Leumi USA (Leumi) is a full-service commercial and private banking institution providing financial services to middle market firms, as well as a full range of private banking solutions to domestic and international clients. Leumi also offers a broad range of securities and insurance products through its brokerage subsidiary, Leumi Investment Services Inc. More information about Leumi is available at www.leumiusa.com.

Media Contacts:

Justin Albaum
Leumi
917-542-2324
justin.albaum@leumiusa.com

Jade Faugno
Intermarket
212-754-5425
jfaugno@intermarket.com