Mark Midkiff Joins Union Bank as Deputy Chief Credit Officer (Business Wire)
Tue, 16 Jun 2009 17:34:00 Etc/GM
“Effective credit portfolio management is an integral part of Union Bank’s culture and it will be one of the most important drivers of our future growth,” said Union Bank President and Chief Executive Officer Masaaki Tanaka. “Bruce Cabral has served Union Bank with distinction in a number of key areas since 1977 and we are grateful for his leadership and dedication over the years. I am very pleased that Bruce and Mark will work side-by-side in the coming months to ensure continuity in our credit management division,” continued Tanaka.
Midkiff joins Union Bank after a 25-year career with Wachovia Corporation, where he most recently served as executive vice president and chief risk officer of the General Banking Group. In this position, to which he was appointed in 2005, he was responsible for establishing a comprehensive risk management framework and providing strategic direction for the credit portfolio and special assets teams.
From 2002 to 2005, he was chief risk officer of the bank’s Real Estate Financial Services division. Midkiff served as business manager of the Real Estate Line from 1998 to 2002, and from 1995 to 1998 he was the Piedmont Triad regional risk manager in Greensboro, NC. During the period of 1984 through 1993, Midkiff was a senior credit analyst, relationship manager and real estate risk manager in Atlanta.
“With his proven success in risk management, credit administration and corporate banking, Mark is a strong addition to Union Bank,” stated Vice Chairman and Chief Risk Officer John Erickson. “His unique blend of credit risk experience and overall financial acumen will be invaluable to me and our executive management team,” added Erickson.
Midkiff holds a Bachelor of Science degree in business from the University of North Carolina at Chapel Hill. He is a member of the board of directors of the Risk Management Association and has recently served on the board for the International Association of Credit Portfolio Managers.
About UnionBanCal Corporation
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $68.7 billion at March 31, 2009. UnionBanCal Corporation is the 16th largest commercial bank holding company in the U.S. based on assets at March 31, 2009. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. Union Bank is California’s fifth-largest bank by deposits. The bank has 335 banking offices in California, Oregon, and Washington and two international offices. UnionBanCal Corporation is a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. (NYSE:MTU - News). Visit www.unionbank.com for more information.
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Contact:
UnionBanCal Corporation Stephen L. Johnson, (415) 765-3252 stephen.johnson@uboc.com Daniel W. Weidman, (213) 236-4050 daniel.weidman@uboc.com
source: http://biz.yahoo.com/bw/090616/20090616006165.html?.v=1