CALIFORNIA BANK & TRUST NAMES MICHAEL MACDONALD AS PRESIDENT

MacDonald to oversee Commercial, Corporate and Specialty Industry banking divisions while continuing leadership of Zions Capital Markets

SAN DIEGO, Oct. 26, 2026 /PRNewswire/ -- 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.

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SOURCE Zions Bancorporation