Bank Leumi USA Elevates Senior Team with Two Strategic Hires

David Paulson and Jeff Steigelman Bring Industry-Leading Experience Amid Bank’s Continued Growth

NEW YORK--(BUSINESS WIRE)--Bank Leumi USA today announced the appointment of David Paulson as Chief Banking Officer and Jeff Steigelman as Chicago Market President, respectively. Paulson will report directly to Leumi President and CEO, Avner Mendelson. He replaces Shawn McGowen, who will remain with Leumi in an advisory role.

Paulson will be responsible for overseeing the U.S. commercial and U.S. private banking businesses at Leumi, where he will focus on the bank’s growth strategy and the overall client experience. He has more than three decades of industry experience as a corporate and commercial banker and was most recently Executive Vice President, Head of Wholesale Banking at United Bank, where he led the bank’s commercial banking, commercial real estate, business banking and cash management lines of business, with a focus on identifying expansion opportunities, new product and technology solutions, and recruiting initiatives.

“We are very pleased to welcome Dave, an accomplished industry expert in finance, banking and technology solutions, as Chief Banking Officer,” said Avner Mendelson, Bank Leumi USA President and CEO. “Dave’s extensive leadership experience in the middle market banking sector will be instrumental as we continue to grow our commercial and private banking market share in the United States.”

Prior to United Bank, Paulson was employed with Santander Bank N.A., serving as Managing Director and Commercial Banking Executive Vice President. Paulson earned his MBA from Cornell University and received a BA in Political Science and International Economics from the University of Connecticut.

Steigelman will report directly to Paulson and will manage the transformative growth and expansion of Leumi’s Middle Market in Chicago. Steigelman will also manage the growth and expansion of Leumi’s specialty banking, treasury management, wealth management, and capital markets capabilities.

“Jeff has built an impressive network of commercial banking relationships in Chicago, and we are excited to welcome him to the Bank Leumi team,” said Avner Mendelson, Bank Leumi USA President and CEO. “Over our 40-plus year presence in this market we’ve developed meaningful relationships with family and privately held businesses and we’re thrilled to have Jeff take the reins as we continue to expand our footprint in Chicago.”

Steigelman brings two decades of experience in commercial banking with expertise in the areas of commercial and industrial, commercial real estate, specialty banking development, credit services, and treasury management. He joins Leumi from WinTrust Financial, where he was Group Executive Vice President and Commercial Banking Hub Leader for the past six years. Prior to WinTrust, Steigelman served as Managing Director of Business Development at The PrivateBank (now CIBC U.S.) and as Vice President and Commercial Banking Team Leader at Fifth Third Bank. Steigelman has a Bachelor’s Degree in Business Administration from Webster University.

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.