Union Bank of Israel (Bank Igud) is a banking institution based at Tel-Aviv, Israel. The bank was founded by the Eretz Israel Economic Company (U.S.A.) of New York and the Economic Company Ltd. of London. Established in 1951, the bank provides its customers with a variety of banking services. The commercial bank offers a range of financial products including savings, loans, mortgages, credit cards, insurance including home, travel and life insurance, and deposit accounts. The assets of the bank are managed by the board of directors.