Two small, trade-oriented New York banks - one owned by an Israeli bank, the other by an international banking family - are about to merge.

Commercial Bank of New York, owned by the Safdie family, is to buy United Mizrahi Bank and Trust Co., a subsidiary of Israel's United Mizrahi Bank Ltd.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.