MacDonald to oversee Commercial, Corporate and Specialty Industry banking divisions while continuing leadership
of Zions Capital Markets
SAN DIEGO, CA — October 26, 2026 — California Bank & Trust (CB&T), a division of
Zions Bancorporation, N.A., and a leading financial institution serving businesses and individuals across the state,
today announced the appointment of Michael MacDonald as President. Reporting to CEO Eric Ellingsen, MacDonald will
oversee CB&T’s Commercial, Corporate and Specialty Industry banking businesses, while working closely with
the leadership team on the bank’s broader strategic execution and market expansion across California.
A seasoned financial executive with extensive leadership experience, MacDonald will also continue to lead Zions
Capital Markets and serve on the Executive Management Committee of Zions Bancorporation. His dual role reinforces
CB&T’s ability to combine relationship-driven regional banking with sophisticated, institutional-scale
capital solutions.
“Michael’s vision, strategic discipline and deep institutional knowledge make him an exceptional leader
to serve as President of CB&T,” Ellingsen said. “Having built our Power & Project Finance
practice before expanding Zions Capital Markets into a nationally competitive platform, Michael brings the expertise
needed to deliver sophisticated financial solutions and accelerate growth for our clients across California."
In stepping into his new role, MacDonald emphasized the bank's continued focus on relationship banking and helping
clients achieve their financial and strategic goals throughout the lifecycle of their businesses.
“California Bank & Trust has a strong reputation defined by local decision-making and deep client
relationships,” MacDonald said. “I look forward to working closely with the CB&T leadership team to
build on that strong foundation. As our clients navigate complex, dynamic operating environments, we are uniquely
positioned to pair the agility of a community bank with the resources and product capabilities of a large
regional.”
About California Bank & Trust (CB&T)
Headquartered in San Diego, California Bank & Trust has been helping California families and businesses thrive
for over 70 years. With local decision-making backed by regional strength, CB&T’s knowledgeable bankers
provide personalized solutions that go beyond what traditional banks offer.
CB&T has earned consistent recognition, including being voted:
- “Best Bank” by San Diego Union-Tribune readers for 16 consecutive years
- “Best Commercial Bank” for 13 years running
- “Best Bank” in The Orange County Register and Sacramento Bee readership polls
- “Best Bank” and “Best Place to Work” in the Best of Desert Community’s Choice
Awards
CB&T is a division of Zions Bancorporation, N.A. (NASDAQ: ZION) and has been recognized for its excellence in
Middle-Market and Small Business banking by Coalition Greenwich Best Bank Awards.
About Zions Capital Markets
Zions Capital Markets conducts the capital markets and investment banking activities of Zions Bancorporation, N.A.,
and its divisions and subsidiaries, including Zions Direct, Inc., member FINRA/SIPC. For more information and
important disclosures please visit www.zionscapitalmarkets.com.
Media Contact:
Melissa Eckmann
California Bank & Trust
Email: melissa.eckmann@calbt.com
Phone: (858) 349-9914