Bank Leumi USA Expands Executive Management Team At New Boca Raton Branch; Appoints New Senior Manager PR Newswire -- May 30, 2002 BOCA RATON, Fla, May 30/PRNewswire-FirstCall/ -- Bank Leumi USA has named Avi Stein, Senior Vice President, to the new post of Senior Manager at its recently opened branch in Boca Raton. Mr. Stein is a 37-year veteran of Bank Leumi and has most recently managed the international private banking business of Bank Leumi USA in New York. Making the announcement today, Dr. Zalman Segal, CEO of Bank Leumi USA, said Stein's responsibilities include all business activities at the branch, focusing particularly on international business. "Avi's career at the bank has perfectly positioned him for our latest expansion into South Florida. His vast experience, particularly with our international business activities, will be a tremendous asset to the growth and development of our client relationships here." Stein, who joined Bank Leumi le-Israel B.M. in 1964, has held a variety of senior management positions at the bank's offices in Tel Aviv, Latin America and the U.S. "I am pleased to be appointed to lead the bank's efforts," said Stein. "I've been very impressed with the warm reception we've received from the local community and am looking forward to working with the management team to foster long-standing and mutually beneficial relationships with our clients here," he added. Fluent in Spanish, Stein was also responsible for the significant expansion of Bank Leumi's client base in Mexico when he served as Manager of the Mexico City representative office from 1983 to 1988. He was later appointed a First Vice President in Tel Aviv and Manager of Executive Personnel worldwide. In New York in 1989 Stein headed Bank Leumi's regional offices, overseeing nine representative offices in Latin America and Canada. In 1997 he was named Senior Vice President and Manager of International Private Banking for Bank Leumi USA. About Bank Leumi USA Bank Leumi USA, an FDIC-insured, New York State-chartered bank, provides commercial banking and lending services to middle-market firms, international businesses and not-for-profit organizations in the United States. The bank specializes in the apparel, real estate and diamond sectors. Bank Leumi USA offers private banking services to both domestic and international clients. Additionally, the bank serves as banker and facilitator for investments and trade between the United States and Israel, particularly in the area of high technology. Bank Leumi USA is the largest subsidiary of Bank Leumi le-Israel, Israel's leading banking group, this year celebrating its 100th anniversary. The Leumi Group, with assets of $53 billion, serves clients around the world through over 300 branches and offices in Israel and major world financial centers in nineteen countries, and through a broad network of correspondent banks. Contact: Mark Hopkinson, 561-750-9800 x15, or MHopkinson@transmediagroup.com