Greg Seibly will join Union Bank as president and head of Regional Banking, effective March 2, 2020.
Seibly will oversee the Union Bank commercial banking, real estate industries, consumer banking (including PurePoint Financial, an online direct bank), Intrepid Investment Bankers and wealth markets businesses, as well as the bank’s corporate social responsibility programs.
Seibly will report directly to Steve Cummings, president and chief executive officer for MUFG Americas and will serve as a member of the Executive Committee for the Americas.
“We are thrilled that Greg will be at the helm of Union Bank,” Cummings said. “Greg has built a tremendous career driving critical transformations while remaining focused on clients. With over 30 years of experience in the banking industry, he is uniquely suited to lead Union Bank through this critical time given his significant achievements in delivering structural and cultural change, boosting profitability and improving client experience at a number of financial institutions.”
Seibly spent 20 years in senior roles at several of the largest banks in the country, including as president of U.S.Bank California. He also held executive-level positions in commercial banking at Wells Fargo and in healthcare finance at Bank of America.
From 2009 to 2014, Seibly served as president and chief executive officer of Sterling Financial and as a member of its board of directors, where he led the bank through a period of significant financial stress. Under Seibly’s leadership, Sterling emerged as a stronger, more profitable bank that generated exceptional returns for investors and, ultimately, merged with Umpqua Holdings. Seibly served as president of Consumer Banking at Umpqua Bank from 2014 until 2016 and was responsible for all consumer activities spanning 2,900 employees and 340 locations.
Most recently, Seibly was president and chief executive officer of the Federal Home Loan Bank of San Francisco (FHLBSF) since 2016. There, he led employees in a cultural turnaround that improved financial performance and strengthened relationships with key constituents, including the bank’s 340-member financial institutions across California, Arizona and Nevada, communities served by the bank’s members, and regulators.
“Union Bank has a rich, 150-year history and strong presence on the West Coast,” Seibly said. “I am honored to join a company with such a deep heritage in these important markets and I am excited to partner with the impressive leadership bench to continue building on these incredible strengths. I am committed to serving our long-standing clients and delivering best-in-class experiences and innovative solutions, products and services.”
