Michael MacDonald Appointed as President of California Bank & Trust to Drive Growth

Michael MacDonald Takes the Helm at California Bank & Trust

California Bank & Trust (CB&T), a well-regarded financial entity within Zions Bancorporation, has announced the selection of Michael MacDonald as its new President. This leadership change marks a significant step as the bank aims to enhance its service offerings to businesses and individuals across California.

In his role, MacDonald will report directly to current CEO Eric Ellingsen. He is set to manage the Commercial, Corporate, and Specialty Industry banking divisions and will be instrumental in the strategic decisions of the bank. Notably, he continues his leadership of Zions Capital Markets, ensuring a seamless integration between regional banking and sophisticated capital solutions.

Ellingsen expressed confidence in MacDonald’s leadership capabilities, highlighting his extensive experience and strategic foresight. “Michael's vision, strategic discipline, and deep institutional knowledge make him an exceptional leader to serve as President of CBT,” he stated. His previous successes include elevating Zions Capital Markets into a nationally competitive platform, showcasing his ability to drive both client satisfaction and banking growth.

Upon stepping into his expanded role, MacDonald reaffirmed the bank’s dedication to relationship-driven banking. He pointed out the importance of supporting clients through various business stages as they navigate today’s complicated economic landscape. “California Bank & Trust has a strong reputation defined by local decision-making and deep client relationships,” he noted. “I look forward to working closely with the CBT leadership team to build on that strong foundation.”

Over its 70-year history, California Bank & Trust has solidified its position in the financial sector by prioritizing community-focused service backed by regional strength. The bank has consistently earned accolades, including being named the “Best Bank” by San Diego Union-Tribune readers for 16 consecutive years and the