Bank-Leumi Question Papers - Bank-Leumi Interview Questions and Answers
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- to upper-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 assets exceeding $230 billion and equities in excess of $6.1 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 more than 336 branches and offices in Israel and abroad, with major world financial centers in 18 countries, and a broad network of correspondent banks.
Bank Leumi began in New York in 1954 with the opening of a representative office of Bank Leumi le-Israel at 60 Wall Street.
In 1968 First Israel Bank and Trust Company of New York was formed and in 1969 the bank opened an additional branch at 1412 Broadway, and one in 1971 at 579 Fifth Avenue that continues as the main branch today.
In March 1973 the bank changed its name to Bank Leumi Trust Company of New York. At the time, the bank had three branches at 579 Fifth Avenue, 1412 Broadway, and 111 Broadway.
In 1974 the Trust Company opened a branch in Forest Hills and a foreign exchange facility at the El Al Terminal at Kennedy Airport, while a year later Bank Leumi le-Israel opened a branch in Chicago followed by one in Beverly Hills, California.
The Trust Company continued to expand and in 1976 it acquired five branches from American Bank & Trust Company. The bank now had branches in Manhattan, Brooklyn, Queens, and the Bronx. The following year it expanded to Long Island by opening a branch in Hewlett while Bank Leumi le-Israel continued its U.S. expansion by opening an office in Philadelphia and upgrading the Miami representative office to full agency status in 1978.
By 1978 Bank Leumi Trust Company of New York had ten branches, a representative office in Toronto, Canada and two offshore branches in the Bahamas and Cayman Islands.
The size of the bank greatly increased with the acquisition of thirteen branches from Bankers Trust Company in 1980.
With the opening of the Plainview branch in 1981 the bank had 25 branches in metropolitan New York, as well as the representative office in Canada and the two offshore entities. A new subsidiary, BLT Leasing Corporation, was launched and an International Banking Facility established.
Bank Leumi le-Israel opened a retail branch office in Los Angeles in Encino and upgraded the Beverly Hills office to a full-service bank. The Trust Company purchased 139 Centre Street.
In 1983 the Trust Company opened a representative office in Montreal, Canada and in 1986 a branch in Westchester County in White Plains and a Loan Production Office in New Jersey.
In the early 1990’s the bank went through a major reorganization, moving to a concentration in international, commercial middle market, and private banking. All retail branches were eventually sold.
By 1997 the bank had two branches remaining in New York at 579 Fifth Avenue and 1400 Broadway and Bank Leumi Trust Company of New York became Bank Leumi USA, absorbing the Chicago, Beverly Hills, and Encino branches of Bank Leumi le-Israel.
The 21st Century
In 2001 the bank established Leumi Investment Services, a brokerage subsidiary, and opened a branch in Silicon Valley in San Jose, California to serve high technology customers.
In March 2002 Bank Leumi USA purchased the insured deposits of the former Net 1st National Bank in Boca Raton, Florida and in July 2002 Bank Leumi le-Israel Miami Agency became part of the Bank Leumi USA family.
In 2003 Bank Leumi USA opened an additional branch in Aventura, Florida and one in downtown Los Angeles. The San Jose branch moved to Palo Alto. A Spanish language website was launched.
In 2004 Dr. Zalman Segal retired in November after fifteen years as chief executive officer of Bank Leumi USA and Mr. Uzi Rosen assumed that role.
In 2005, Bank Leumi USA opened a branch in Highland Park, Illinois.
For more details http://www.leumiusa.com
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