Bank Leumi USA has hired two bankers from Citigroup, Elsa Burton and Craig Warden, to help lead its operations in Los Angeles.
Burton was named Los Angeles group head for the $6.1 billion-asset bank, it said Monday. She and Warden were both with Citi Commercial Banking, and both were vice presidents at Wells Fargo before joining Citi.
Warden will co-head the Los Angeles office with Michal Miron, the bank said Monday. Miron is a 20-year Leumi veteran, and she helped build the bank’s health care financing platform in California, the bank noted.
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About 10% of midsize businesses say they want to develop a relationship with nonbank providers, such as marketplace lenders or business development companies, and even more are said to be considering switching banks.
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Bank Leumi's conservatism helped it stay profitable during the financial crisis. The bank, a unit of Leumi Group in Israel, is ready to get more aggressive in areas such as technology lending.
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Bank Leumi has created a new unit to serve Israeli technology companies that conduct business in the United States.
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Warden had been market director at Citi since August 2014,
Burton had been a senior vice president and senior relationship manager at Citi Commercial Banking since June 2013,
Bank Leumi USA is based in New York. It is a unit of Bank Leumi in Tel Aviv, Israel.