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BANK LEUMI USA EXPANDS IN CALIFORNIA

LOS ANGELES - New York-based Bank Leumi USA has opened an office in downtown Los Angeles "as part of its continued expansion."

The office, together with its existing operations in Beverly Hills and suburban Encino, will focus on bringing the bank's international, private and commercial banking services to the downtown Los Angeles community.

Ira Pinsker, a first vice president at Bank Leumi, will relocate from the bank's Beverly Hills branch to manage the new office, which is located at 600 Wilshire Boulevard.

Bank Leumi USA is an FDIC-insured commercial bank that provides financial services to middle- to upper-middle market firms, international businesses, and not-for-profit organizations through offices in New York, Chicago, Los Angeles, Beverly Hills, Encino, Palo Alto, Miami, Aventura, and Boca Raton.

The Bank is the largest subsidiary of the Leumi Group, founded in 1902, with $54 billion in assets.

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