Hyposwiss Private Bank Genève SA agreed to acquire United Mizrahi Bank (Switzerland) Ltd. from Mizrahi Tefahot Bank Ltd. (TASE:MZTF) on January 12, 2021. After the deal, United Mizrah Bank (Switzerland) Ltd will be renamed and operate as a Zurich branch of Hyposwiss. The takeover will bolster Hyposwiss's position in the domestic market and will re-establish its operations in Zurich. The transaction is subject to approval by Swiss financial watchdog Finma. Hyposwiss Private Bank Genève SA completed the acquisition of United Mizrahi Bank (Switzerland) Ltd. from Mizrahi Tefahot Bank Ltd. (TASE:MZTF) on May 21, 2021. United Mizrahi Bank (Switzerland) has been renamed, and now operates as the Zurich branch of Hyposwiss. Management, staff and client services are fully integrated into Hyposwiss.