Bank Leumi Launches Municipal Deposit Strategy in Florida

The effort comes with the bank’s approval as a Qualified Public Depository*

AVENTURA, Fla.--()--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.

Through this program, Leumi is offering Florida municipalities several high-yield products to maximize returns on their public funds. The bank’s money market accounts allow flexibility at an attractive rate, while time deposits offer a higher yield over specific time periods. With nearly 40 years serving the Florida marketplace and the ongoing support of several civic organizations, Bank Leumi is well-positioned to serve this important segment of the state.

“Our team has received an exceptionally positive response from various municipalities and advisors. We have opened a dialogue with several cities and have already begun to establish meaningful deposit accounts that add value to the overall liquidity management strategies of Florida municipalities,” said Jeff Watts, Southeast Market President for Commercial Banking at Bank Leumi.

Watts added, “The Bank has a long track record of providing core banking services to the Florida marketplace and we are pleased that Bank Leumi is seen as a viable and competitive banking option for Florida municipalities’ deposits.”

For more information about the municipal deposit program, please contact jaime.montalvan@leumiusa.com.

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. More information about Leumi is available at www.leumiusa.com.

Leumi’s Commercial Banking division is focused on U.S. middle market companies, with sector specialties including healthcare, water, media & entertainment, high tech, 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.

*Bank Leumi USA is a Qualified Public Depository under the Florida Public Deposits Program: www.myfloridacfo.com.

Contacts

Leumi
Debra Bar, 917-542-2353
debra.bar@leumiusa.com
or
Intermarket
Lisa Boyce, 212-909-4782
lboyce@intermarket.com

Contacts

Leumi
Debra Bar, 917-542-2353
debra.bar@leumiusa.com
or
Intermarket
Lisa Boyce, 212-909-4782
lboyce@intermarket.com