Schulte advised Endicott Management Company, a leading New York City investment firm primarily focused on equity investments in banks, in the strategic investment in Bank Leumi le-Israel Corporation, a U.S. bank holding company. The investment, which involves Bank Leumi le-Israel B.M.'s sale of the shares it holds in Bank Leumi le-Israel, is being led by Endicott and includes MSD Capital LP, and totals a 15 percent stake in Bank Leumi le-Israel. The 15 percent is valued at approximately $141 million.
The Schulte team advising Endicott was led by bank regulatory partner Joseph Vitale and M&A and securities associates Lawrence Natke and Caitlin Cornell.