First Bank now integrates the clients, employees and unit network of Bank Leumi Romania.
First Bank acquired 99.9235% in Bank Leumi Romania in July 2019 and received all the necessary approvals from Romania’s central bank and antitrust watchdog.
Banks-Insurance
First Bank Completes Integration of Bank Leumi Romania
First Bank, held by U.S. investment fund J.C. Flowers & Co., said Tuesday it has completed the integration of Bank Leumi Romania, a subsidiary of Bank Leumi Israel, completing the acquisition process started in the summer of 2019.