The Union Bank of Israel

Founded in 1951, The Union Bank of Israel Ltd. (Bank Igud) was the sixth-largest commercial bank in Israel. It provided a comprehensive range of banking and financial services to private and corporate clients, with a particular specialization in private banking, capital markets, and financing for the diamond industry. In 2020, the bank was acquired by Bank Mizrahi-Tefahot, and a full statutory merger was completed, resulting in Union Bank ceasing to exist as a separate legal and operational entity. Its operations and branches were absorbed into the Mizrahi-Tefahot group.