For immediate release

The Federal Reserve Board today announced its approval of the applications of Bank Hapoalim, B.M., and Zohar Hashemesh Le'Hashkaot Ltd., both of Tel Aviv, Israel; Hapoalim U.S.A. Holding Company, Inc., New York, New York; Arison Holdings (1998) Ltd., Tel Aviv, Israel; and Israel Salt Industries Ltd., Atlit, Israel, to become bank holding companies by acquiring Signature Bank, New York, New York. Attached is the Board’s Order relating to this action. Attachment (37 KB PDF)

2001 Orders on banking applications