Los Angeles, CA, November 21, 2016 – Union Bank today announced the appointment of Jim Lynes as Commercial Banking Regional Vice President covering California's Central Valley market. He reports to Peter Sitov, Managing Director, and Market President for Northern California and the Central Valley, Commercial Banking. Lynes is based in Fresno and will maintain an office in Sacramento to better serve the needs of businesses operating across the Central Valley.
In his new role, Lynes is responsible for Union Bank's Commercial Banking growth strategy covering the Fresno and Sacramento regional Middle Market offices. He is responsible for serving the needs of closely held, private equity owned, and publically traded entities in the Central Valley.
"Jim has spent his entire career in the Central Valley market and has a deep understanding of the Commercial Banking and Agriculture Industry, two key segments for our Central Valley operation," Peter Sitov said. "His 25-year banking career will be a great asset to our clients and prospects."
Over the past 25 years, Lynes has worked at various financial institutions including Union Bank and Wells Fargo. He rejoins Union Bank after working as a Loan Team Manager in the Fresno office of Wells Fargo's Food and Agribusiness Division. Prior to this, he served as a Senior Credit Executive at Union Bank in Fresno.
Lynes started his career as a Certified Public Accountant with Ernst & Young in San Jose. He left accounting in 1991 to attend Union Bank's Commercial Banking training program. He is a graduate of Santa Clara University and holds a degree in business with an accounting concentration.
About Commercial Banking
The Commercial Banking division at MUFG Union Bank, N.A focuses on companies on the West Coast with traditional Middle Market and Business Banking profiles, with revenues between $5 million to $500 million. The Commercial Bank offers a broad spectrum of commercial credit products including commercial loans and assets based loans, in addition to a full array of traditional commercial banking products including Treasury Management, derivatives, foreign exchange, Wealth Management, Trade Finance services, Global Business, Syndications, and more.
About MUFG Union Bank, N.A.
MUFG Union Bank, N.A., is a full-service bank with offices across the United States. 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 $116.9 billion, as of September 30, 2016, 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: MTU), one of the world's largest financial organizations with total assets of approximately ¥293.7 trillion (JPY) or $2.9 trillion (USD)1, as of September 30, 2016. 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=¥101.12 (JPY) as of September 30, 2016