Sunwest Bank Welcomes Mike McKean as New Treasury Director
Sunwest Bank Enhances Leadership with Mike McKean
Sunwest Bank has made an exciting addition to its team by welcoming Mike McKean as the Senior Vice President and Director of Treasury and Payments. With over 25 years of banking experience, McKean's expertise is expected to substantially influence the bank's strategic initiatives in deposit growth and payment processing across its various divisions.
McKean's Role at Sunwest Bank
In his new position, Mike McKean will oversee the bank's treasury functions, which encompass managing deposit growth and developing sophisticated payment strategies. His leadership will enable the Treasury and Relationship teams to offer comprehensive consultations focusing on liquidity and working capital diagnostics. The aim is clear: to streamline payment processes, enhance operational efficiencies, and maximize businesses' working capital.
Experience that Matters
Before joining Sunwest Bank, McKean had a successful tenure at Umpqua Bank, where he led the Treasury sales division. His efforts there notably increased sales production from $1 million to over $10 million in just four years. Additionally, his roles at USBank and JPMorgan Chase brought invaluable experience in payments automation, commercial card services, and working capital management.
An Advocate for Innovation in Payments
McKean's journey in the banking sector began at First USA/Paymentech, where he played a crucial role in launching one of the industry’s first internet-based commercial card reporting solutions. His wealth of knowledge positions him as an advocate for innovation, particularly in payments and treasury solutions.
A Dedicated Leader
Mike McKean is a graduate of Weber State University and the University of Phoenix, where he pursued Business Administration studies. Beyond his professional engagements, he is active in community service as a member of the Board of Directors for Wespay. This innovative payments association focuses on training its members to navigate the evolving payments landscape.
Community Involvement and Personal Life
Additionally, McKean has served as an elected official on the City Council of Plain City, where he demonstrated his commitment to community development. A proud lifelong resident of Northern Utah, he enjoys family life with his wife, Tammy, and their four children. Mike's passion extends beyond banking; he is dedicated to fostering growth not only in business but also within the communities he serves.
Mike McKean's Vision for Sunwest Bank
In reflecting on his new role, McKean expressed enthusiasm about joining a bank that embodies an entrepreneurial spirit. He remarked on Sunwest Bank's commitment to exceptional service tailored to entrepreneurs and businesses. With an innovative approach to technology and payment integration, he sees a unique opportunity for the bank to empower clients to optimize their working capital effectively.
About Sunwest Bank
Founded in 1969, Sunwest Bank is recognized as a prominent commercial bank with assets exceeding $3.0 billion. This privately held institution, known for its entrepreneurial ethos, aims to serve a diverse clientele consisting of entrepreneurs, family offices, and real estate developers throughout the region.
Frequently Asked Questions
What experience does Mike McKean bring to Sunwest Bank?
Mike McKean has over 25 years of experience in banking, focusing on treasury and payments, including leadership roles at Umpqua Bank, USBank, and JPMorgan Chase.
What will Mike's responsibilities include at Sunwest Bank?
Mike will lead the bank's treasury and payments strategy, focusing on deposit growth and advanced payment solutions.
How does McKean plan to enhance Sunwest Bank's services?
He aims to streamline payment processes and improve efficiencies to maximize working capital for business clients.
What is the mission of Sunwest Bank?
Sunwest Bank is dedicated to providing excellent service and innovative banking solutions tailored to entrepreneurs and businesses.
Where is Sunwest Bank headquartered?
Sunwest Bank is headquartered in Sandy, UT, with operations across multiple states including California and Florida.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.