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UNION BANK ANNOUNCES NEW LEADERSHIP FOR COMMERCIAL FINANCE DIVISION
For Immediate Release
Senior Vice President Eric Maloy has been named national marketing manager of the commercial finance division. In his new role, Maloy will manage all senior originators in the solicitation, development and closing of complex asset based loan opportunities. He is based in Dallas, Texas.
Michele Scafani has been named senior vice president and national underwriting manager of the commercial finance division. In her new role, Scafani will be responsible for managing the transition of prospective clients throughout the lending process, including front-end marketing support as needed and credit support to the business development team to facilitate the transition. She is based in San Francisco.
Maloy reports to Michael Murphy, senior vice president and head of Union Bank's commercial finance group. Scafani reports to John McNamara, senior vice president and national senior credit manager, who is responsible for portfolio and underwriting for the commercial finance group. "Eric's experience in commercial finance and corporate banking, combined with Michele's extensive credit background, will be instrumental as Union Bank continues its national expansion," Murphy said. "Their leadership and proven track records will help the bank better serve our customers."
Maloy previously served as senior vice president and southwest region market manager at Union Bank. Prior to joining the bank, he served for eight years as senior vice president of new business origination for Bank of America Business Capital. Additionally, Maloy has previous experience at CIT, as well as several years at Ernst & Young. Over the course of his career, Maloy has dealt successfully with asset-based loan syndications, selling capital market products, and covering all forms of intermediaries including private equity groups and investment banks.
Maloy received his undergraduate degree in accounting from the University of Oklahoma and an M.B.A. in Finance from Southern Methodist University. He is a certified public accountant and holds Series 7 and 63 licenses.
Scafani first joined Union Bank in 2005 as a senior relationship manager in the commercial finance division, responsible for growing the division's participation business. Most recently, she served as underwriting manager. Prior to joining the bank, Scafani worked at GE Capital for four years where she underwrote new asset based transactions. Before GE Capital, Scafani spent eight years at Bank of America in cash flow lending, asset based lending and audit. She also has experience in the private sector.
Scafani received her undergraduate degree in business economics from the University of California, Santa Barbara. She is a member of the Commercial Finance Association.
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80.1 billion at June 30, 2011. 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. The bank operated 403 full-service branches in California, Washington, Oregon, and Texas, as well as two international offices, on June 30, 2011. 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. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.