Bank Leumi USA

Bank Leumi USA was established on July 22, 1968, under the name First Israel Bank and Trust Company of New York. In the years that followed, the institution underwent several name changes and strategic expansions. On April 13, 1973, it became known as Bank Leumi Trust Company of New York. The bank changed its name again to Bank Leumi USA on November 15, 1997, following significant acquisitions of Bank Leumi Le-Israel branches located in Encino, Beverly Hills, and Chicago, Illinois. Throughout its history, the main office moved multiple times, ultimately settling at 579 Fifth Avenue, New York, New York, in December 1986. Notable developments included the acquisition of American Bank & Trust Company in September 1976 and the purchase of Net First National Bank in Boca Raton, Florida, in March 2002. In 2010, the institution officially adopted the name Bank Leumi USA. However, on April 1, 2022, it merged with Valley National Bank in Passaic, New Jersey, effectively becoming part of that institution.

Below is a list of some important events in banks history, including mergers and acquisitions.

1968-07-22Institution established. Original name: First Israel Bank and Trust Company of New York.

1970-04-06Changed Institution Name to First Israel Bank and Trust Company of New York.

1973-04-13Changed Institution Name to Bank Leumi Trust Company of New York.

1973-07-30Main Office moved to 111 Broadway, New York City, NY 10006.

1976-07-02Changed Trust Powers to Full.

1976-09-15Acquired American Bank & Trust Company in New York City, NY.

1976-12-01Main Office moved to 111 Broadway, New York, Ny 10006.

1985-05-28Main Office moved to 120 Broadway, New York, Ny 10271.

1986-12-31Main Office moved to 579 Fifth Avenue, New York, Ny 10017.

1987-07-20Main Office moved to 579 Fifth Avenue, New York, Ny 10017.

1997-11-15Changed Institution Name to Bank Leumi Usa.

1997-11-15Acquired Bank Leumi Le-Israel, B.m. in Chicago, IL.

1997-11-15Acquired Bank Leumi Le-Israel, B.m. in Beverly Hills, CA.

1997-11-15Acquired Bank Leumi Le-Israel, B.m. in Encino, CA.

1998-10-23Main Office moved to 579 Fifth Avenue, New York, Ny 10170.

2002-03-01Acquired Net First National Bank in Boca Raton, FL as part of a government assisted merger.

2007-07-23Main Office moved to 579 Fifth Avenue, New York, Ny 10017.

2010-10-01Changed Institution Name to Bank Leumi Usa.

2022-04-01Merged and became part of Valley National Bank in Passaic, NJ.