Masad Bank (Hebrew ：בנק מסד） Is An Israeli Bank With 21 Branches And Branches Throughout Israel.
History
Masad Bank Was Founded In 1929 As Masad Mutual Loan Savings Company (Hebrew ：מסד חברה הדדית להלוואות וחסכונות בע“מ） Founded By Histadrut HaMorim (Israel Teachers Union). Today, It Is A Subsidiary Of First International Bank (51%) And Is Jointly Owned With Histadrut HaMorim.
After The Death Of The Bank's CEO In 1977, Doubts Were Raised About The Bank's Irregularities, And Concerns About Its Stability Arose. Bank Hapoalim Agreed To A Lightning Deal To Guarantee All Of Masad's Commitments, And Later Acquired A Controlling Stake In The Institution As Part Of A Strategy To Acquire Small Banks, Resulting In The Formation Of The New Masad Bank. The Portion Not Sold To Bank Hapoalim Was Transferred To The Ownership Of The Company "Masad Holdings", And Members Of The Original Institution Became Shareholders In The New Company.
In 2008, As Hapoalim Bank Entered The Financial Advisory Industry, Israel International Bank Acquired Shares In Hapoalim Bank. In The Same Year, The Bank Was Allowed To Become A Member Of The Stock Exchange.
Building
The Bank's Administrative Building Was Once Located At 80 Rothschild Avenue, On The Site Of The Former Israel Theater Building, And Later Moved To Ramat Gan. The New Administrative Offices Are Located Within The Ramat Gan Stock Exchange Complex At 12 Abba Hillel Street.
