Milestone Bank, based in Salt Lake City, Utah, announced Mark T. Yung as the bank’s new chairman, CEO and president.
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The bank said Yung would also serve as the CEO and Board Member of Milestone Capital Partners, Inc. Yung’s experience in building businesses spans institutional banking leadership and hands-on operating experience as an entrepreneur and investor, the bank said, and positions him to lead the bank through product expansion, scalable growth and disciplined return on capital.
“I’m excited to join Milestone Bank at such a pivotal moment of its growth trajectory,” Yung said. “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.”
Yung previously served as executive VP and COO of PacWest Bancorp and Pacific Western Bank. Between 2019 and 2025, 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. Yung has also served as a director of PacWest Bancorp on its Risk Committee.
Additionally, Yung has worked with growth-stage companies as an operator and board member, with a focused execution on long-term value creation. Yung’s business experience includes senior leadership roles for businesses navigating expansion, restructuring and complex capital decisions. He currently serves on the boards of ISPY, ESW Group and San Luis West Solar.
