Gregory Mitchell Takes Helm at First Tech
October 25, 2012
October 25, 2012
Gregory Mitchell, a financial services industry professional with more than 30 years of experience, took the reins this week as president and CEO of First Tech Federal Credit Union. First Tech is a $5.6 billion institution with 365,000 members, most of whom are employed by some of the world’s leading technology companies.
Mitchell has seen the credit union industry from the 30,000-foot view, from a regulator’s perspective and from a competitor’s perspective. He previously served as CEO of First Pac Trust Bancorp and Pac Trust Bank, based in Irvine, Calif., and Mitchell was a founding partner of Hovde Financial, an investment banking, asset management and private equity firm.
His extensive resume also includes a stint as president and CEO of Los Angeles-based California National Bank, where he led a team of 800 employees serving 70 branch locations, and he has held positions with the Department of the Treasury, working in both the Office of Thrift Supervision in San Francisco and the Office of the Secretary in Washington, D.C.
“I’ve admired First Tech’s innovative, member-centric approach to banking and believe that First Tech is uniquely positioned to deliver exceptional products and benefits to current and future members, while also reporting strong and consistent growth in assets and earnings,” said Mitchell, who has been a credit union member for more than 35 years.
Mitchell’s professional resume is complemented by a commitment to public service. He served as a search and rescue coordinator for the Coast Guard Reserves and has been a member of several non- profit boards including St. Vincent’s Meals on Wheels program, Operation Hope and the March of Dimes of Southern California.
At First Tech, Mitchell replaces former president and CEO Benson Porter, who became the president and CEO of BECU in February. First Tech’s interim president and CEO, Hank Sigmon, will return to his previous position of chief financial officer.
“We’re thrilled to welcome Greg to First Tech and believe that his extensive financial institution experience, his deep roots in serving the community and his visionary leadership approach are the perfect match for us,” said John Weidert, chairman of First Tech’s board of directors. “Hank and our entire executive team have done an outstanding job leading First Tech in the interim, affording the board the time to select the perfect candidate.”
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