Eisele Ending
Decade-Long Tenure
at Union Bank
Larry Eisele is in the process of retiring from Union Bank, where he was in charge of the lower middle-market commercial banking segment. As of Jan. 1 he dropped his title as executive VP and division manager for commercial banking and became a senior advisor with the bank to help his successor in the transition.
According to Mary Curran, Eisele’s replacement, his role with the bank should be completed by the end of next month.
“He’s been a valuable part of the bank for many years,” Curran said. “We want to continue Larry’s involvement in the community.”
Curran has been the senior VP and division manager for San Diego and Orange County commercial markets, taking care of companies with revenue in excess of $5 million.
Eisele spent 10 years with Union Bank and was responsible for companies with revenue of $5 million to $20 million in the LA, OC and San Diego markets. Curran said there was some overlap of their duties and the bank will now manage all of those businesses out of one group.
“It made some sense to put our groups together,” she said.
Eisele is not retiring from working, though. He is starting a consulting practice within the county and is working for other consulting firms doing turnaround projects and mergers and acqusitions.
He said he also is affiliated with an Internet consulting company, since he has an interest in technology. He is on the board of advisors at Huddle247, a provider of online collaboration tools.
Eisele continues to be a member of the OC Business Council, CEO Roundtable and Boy Scouts of America. He is also the president of Community Housing Resources Inc. and is on the Business Committee for the Arts.
Union Bank had a 7% increase in net interest income in 1999 to $1.42 billion, though earnings dropped almost $25 million to $441.7 million. Union Bank employs 8,904 people, about 600 of which are in OC.
In August, it started an 18-month program to streamline its operations. It will cut 1,400 jobs in its 246-branch network, including 100 jobs in OC. The bank said it expects the downsizing to boost pretax earnings by $225 million annually. n
