Milestone Bank Welcomes Mark T. Yung as New Chairman and CEO for Growth and Innovation

Mark T. Yung Appointed as Chairman, CEO, and President of Milestone Bank

Milestone Bank, a prominent lender based in Salt Lake City, Utah, has announced the appointment of Mark T. Yung as its new Chairman, Chief Executive Officer, and President. This strategic decision is seen as a pivotal moment in the bank's journey towards expanding its services and enhancing the customer experience in the ever-evolving financial landscape.

Mark T. Yung brings a wealth of experience to this role, having held key positions in institutional banking and serving as an entrepreneur and investor. His previous role as Executive Vice President and Chief Operating Officer at PacWest Bancorp and Pacific Western Bank from 2019 to 2023 has equipped him with extensive knowledge in various critical areas. During his tenure, Mr. Yung was instrumental in leading specialty lending platforms, including aviation finance, equipment leasing, lender finance, and venture banking. His governance acumen was further underscored by his directorial positions at PacWest Bancorp and his contributions to its Risk Committee.

In addition to his banking expertise, Mr. Yung is known for his collaborative work with growth-stage companies. He has had significant influence in shaping long-term value creation strategies, particularly for organizations navigating complex capital decisions and operational expansions. Currently, he holds board member positions at several notable companies, including IPSY™, ESW Group™, and San Luis West Solar.

In his statement regarding his new role, Mr. Yung expressed excitement about joining Milestone Bank at such a critical juncture. He emphasized the bank's commitment to customer excellence and highlighted its remarkable growth trajectory. By leveraging his diverse background as an entrepreneur and operator, he aims to enhance Milestone Bank's strategic vision while augmenting its product offerings. His goal is to improve the customer experience, with a particular focus on fulfilling the needs of business owners across the United States.

Milestone Bank prides itself on being more than just a lender. The bank offers a variety of financial solutions, including equipment finance and SBA loans, tailored to match the ambitions of entrepreneurs and business operators. Known for its responsiveness and disciplined execution, Milestone Bank is dedicated to unlocking untapped growth for its clients through innovative financing solutions.

With Yung's appointment, Milestone Bank is set to embark on a new phase of scalable growth and disciplined return on capital. As the bank works closely with its clients, under Yung's leadership, it aims to continue its focus on customer-centric solutions that facilitate success in a competitive market. As the financial landscape continues to change, Milestone Bank looks forward to adapting and evolving its services to meet the dynamic needs of its clientele.

For more information about Milestone Bank and its services, interested parties can visit their official website at milestonebank.com or contact them directly at 800-800-8098. The banking institution strives to maintain its reputation for delivering insightful and customized financing solutions designed to drive business growth.