Mizrahi Tefahot Bank Ltd., Los Angeles Branch (“UMTB-LA”) is a U.S. domestic branch of a foreign financial institution, our parent Mizrahi Tefahot Bank Ltd. in Israel, and as such, is an insured non-member state chartered bank. The branch is regulated by the California Department of Business Oversight (DBO) and the Federal Deposit Insurance Corporation (FDIC). We are located in the Los Angeles Downtown Financial District. We opened our doors in 1981 and for the past 30 years have served the local business community by offering a variety of banking products and services to meet their banking needs.
Mizrahi Tefahot Bank Ltd. (“UMTB”) is an international financial institution with $59.9 billion in assets as of December 31, 2016. UMTB is one of Israel’s largest banks and operates through 184 branches in Israel and has branches and representation offices in seven countries in Europe and the Americas.
Mizrahi Tefahot is incorporated and exists under the laws of the State of Israel and was established as a public company limited by shares on June 6, 1923. In 1963, Mizrahi Tefahot’s shares were first traded on the Tel-Aviv Stock Exchange (TASE).
Mizrahi Tefahot’s controlling shareholders are the Ofer and Wertheim Group with the remainder owned by the public and listed on the Tel-Aviv Stock Exchange.
Mizrahi Tefahot continues to receive international recognition. For three consecutive years in 2009, 2010 and 2011, Mizrahi Tefahot has been selected as one of the World’s Best Banks in Developed Markets by Global Finance magazine. In 2009, “The Banker” magazine selected Mizrahi Tefahot as the “Bank of the Year”. In 2011, Mizrahi Tefahot was chosen by Euromoney Magazine to be the Best Bank in Israel.