SAN FRANCISCO, Sept. 18, 2018 /PRNewswire/ -- Union
Bank today announced that Michael
Nicita has joined its Regional Bank as Managing Director,
Senior Credit Manager for Commercial Banking, Central Valley
Division. He is responsible for overseeing high quality credit
underwriting and portfolio maintenance in support of the Commercial
Banking business. He will be the primary liaison between the
Commercial Banking team and the first line Risk & Control,
addressing credit related issues, including risk appetite, credit
operations, underwriting processes and adherence. Nicita
reports to Peter Sitov, Commercial
Banking Market President, Northern
California and Central Valley Division, and is based in the
bank's Sacramento office.
"Union Bank has a long history of serving middle market
companies and corporations with innovative products and services,
while at the same time maintaining the highest credit quality,"
said Sitov. "I am pleased to welcome Michael Nicita to the Commercial Banking
team. His extensive credit experience in both general
industries and agricultural lending will serve us well as we
continue our tradition of excellence in commercial lending in the
Central Valley."
Prior to joining the bank, Nicita served as Senior Vice
President, Credit Team Lead/Loan Team Manager for Wells Fargo
Commercial Banking in Sacramento. He also served as a
commercial banking relationship manager for Wells Fargo and US Bank
Commercial Banking. Prior to that, he held credit positions
at Bank of America and Sacramento Commercial Bank.
"Union Bank has built one of the best reputations in the
commercial banking business because of its stellar relationship
management and its credit services teams," said Nicita. "I
look forward to working with Peter and the Central Valley Division
team to continue serving our customers and growing our commercial
lending presence in the region."
Nicita attended University of California,
Davis where he earned an M.B.A. in Finance and a bachelor's
degree in managerial economics.
About MUFG Union Bank, N.A.
As of June 30, 2018,
MUFG Union Bank, N.A. operated 355 branches, comprised primarily of
retail banking branches in the West Coast states, along with
commercial branches in Texas,
Illinois, New York and Georgia, as well as 22 PurePoint Financial
Centers. We provide a wide spectrum of corporate, commercial
and retail banking and wealth management solutions to meet the
needs of customers. We also offer an extensive portfolio of
value-added solutions for customers, including investment banking,
personal and corporate trust, global custody, transaction banking,
capital markets, and other services. With assets of
$123.8 billion, as of June 30, 2018, MUFG Union Bank has strong capital
reserves, credit ratings and capital ratios relative to peer
banks. MUFG Union Bank is a proud member of the Mitsubishi
UFJ Financial Group (NYSE: MUFG), one of the world's largest
financial organizations with total assets of approximately ¥299.1
trillion (JPY) or $2.7 trillion
(USD)¹, as of June 30, 2018. The
corporate headquarters (principal executive office) for MUFG
Americas Holdings Corporation, which is the financial holding
company, and MUFG Union Bank, is in New
York City. The main banking office of MUFG Union Bank is in
San Francisco, California.
1 Exchange rate of 1
USD=¥110.5 (JPY) as of June 29,
2018
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SOURCE Union Bank