Union Bank of Israel (better known as Bank Igud in Hebrew) was a joint venture commercial bank and the sixth-largest bank in Israel, known for its dedicated service to high-income customers and the diamond industry.
In September 2020, Bank Mizrahi-Tefahot acquired all of its shares, and Union Bank of Israel ceased to exist as an independent public company as of October 1, 2020 and became a wholly-owned subsidiary of Bank Mizrahi-Tefahot.
As of December 31, 2022, the merger process was completed and Union Bank of Israel ceased to exist as a separate entity, with its clients and businesses fully integrated into Bank Mizrahi-Tefahot.
