Schulte advised Endicott Management Company, a leading New York City investment firm primarily focused on equity investments in banks, in its strategic investment in Bank Leumi le-Israel Corporation, a U.S. bank holding company. The investment, announced on Jan. 22, 2018, which involved Bank Leumi le-Israel B.M.'s sale of the shares it held in Bank Leumi le-Israel, was led by Endicott and included MSD Capital LP. The transaction closed on May 23, 2018 and totaled a 15 percent stake in Bank Leumi le-Israel, valued at approximately $1 billion.
The Schulte team advising Endicott was led by bank regulatory partner Joseph Vitale, M&A associates Lawrence Natke, Caitlin Cornell and bank regulatory associate Jessica Romano.