California Bank & Trust Appoints Michael MacDonald as President
CB&T names Michael MacDonald to lead Commercial, Corporate and Specialty Industry banking while retaining his Zions Capital Markets role.
California Bank & Trust (CB&T), a division of Zions Bancorporation, N.A., has named Michael MacDonald as its new president, the San Diego-based institution announced October 26, 2026.
MacDonald will take on oversight of CB&T's Commercial, Corporate and Specialty Industry banking divisions in his new role. Notably, he will continue to lead Zions Capital Markets concurrently, giving him a broad mandate that spans both the regional bank's core lending businesses and the parent company's capital markets arm.
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CB&T describes itself as one of California's leading financial institutions and operates as a division of Zions Bancorporation, N.A., one of the larger regional banking groups in the western United States. The dual appointment signals that Zions views MacDonald as a key executive capable of bridging its commercial banking and capital markets operations.
The leadership change reflects a broader trend among regional banks of consolidating senior talent across business lines as institutions seek operational efficiency and tighter coordination between lending and markets activities. No transition timeline or predecessor details were disclosed in the announcement.
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