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BANK LEUMI LE ISRAEL AND REPUBLIC NATIONAL BANK OF NEW YORK ENTERS INTO AGREEMENT

 MONTREAL, TORONTO, TEL AVIV, NEW YORK, Sept. 12 /PRNewswire/ -- Bank Leumi Le Israel and Republic National Bank of New York announced today that they have entered into an agreement pursuant to which Republic National Bank of New York (Canada) will acquire Bank Leumi Le Israel (Canada) and merge it into Republic's banking business.
 Bank Leumi Le Israel (Canada) had total assets of $195 million at June 30, 1993. Republic National Bank of New York (Canada) had total assets of $676 million at June 30, 1993.
 The transaction is subject to obtaining various regulatory approvals.
 -0- 9/12/93
 /CONTACT: Allan Schouella of Republic National Bank of New York (Canada), 514-288-5551/


CO: Bank Leumi Le Israel (Canada); Republic National Bank of New York
 (Canada) ST: Quebec, Ontario, New York IN: FIN SU: TNM


SM -- NYSU008 -- 1058 09/12/93 19:48 EDT
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Publication:PR Newswire
Date:Sep 12, 1993
Words:141
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