Salt Lake City-based Milestone Bank has named Mark T. Yung as its chairman, CEO and president. Yung has also been appointed CEO and board member of Milestone Capital Partners Inc.
“Mr. Yung’s business-building sophistication, that spans institutional banking leadership and hands-on operating experience as an entrepreneur and investor, uniquely positions him to lead Milestone through its next phase of product expansion, scalable growth and disciplined return on capital,” the bank’s board said in announcing the appointment.
Yung most recently served as executive vice president and chief operating officer of PacWest Bancorp and Pacific Western Bank from 2019 through 2023. In that role, he led specialty lending platforms, including aviation finance, equipment leasing, lender finance and venture banking, as well as treasury management, digital banking, technology and innovation. He also served as a director of PacWest Bancorp and served on its risk committee.
In addition to his leadership in banking, Yung has worked closely with growth-stage companies as an operator and board member, with a focused execution on long-term value creation. His business experience includes senior leadership roles for businesses navigating expansion, restructuring and complex capital decisions. He currently serves on the boards of IPSY, ESW Group and San Luis West Solar.
“I’m excited to join Milestone Bank at such a pivotal moment of its growth trajectory,” said Yung. “The bank has achieved strong growth by moving with speed and being committed to customer excellence. As a leader with a diverse experience as an entrepreneur, investor and operator, I intend to apply that lens in shaping Milestone Bank’s strategic vision. I look forward to working alongside the team to augment the product offering and customer experience that will enhance Milestone Bank’s capabilities to satisfy the needs of business owners across the country.”
Milestone Bank is a nationwide lender with services that include equipment finance, SBA loans and lender finance.