Maria Tedesco, whom American Banker magazine called one of banking's most powerful women, has been named president of Union Bank & Trust effective Sept. 28.

She will lead the commercial banking, business banking, consumer banking, and wealth management teams as well as enterprise-wide functions of marketing, digital strategy and customer experience.

Tedesco will succeed John Asbury, who was reappointed as the bank’s president earlier this year after John Stallings Jr. had to step down for health reasons. Stallings is now the bank’s senior executive vice president. Asbury will remain Union Bank & Trust's CEO. He also is president and CEO of Union Bankshares Corp., the Richmond-based holding company for the bank.

“While serving together on the Consumer Bankers Association Small Business Committee, I observed firsthand that Maria was an impressive thought leader in the banking industry," Asbury said in a news release. "Maria brings more than 30 years of both small- and large-bank experience to Union and understands the important role the bank and its teammates play in our communities," 

Tedesco said she started at Citizens Financial Group when it was smaller than Union is today, and knows the challenges and potential speed bumps that a growing company faces.

 “Union has a great opportunity to build something uniquely valuable to its customers, teammates, shareholders and the communities it serves, and I am excited to join Union on its journey,” she said in the release.

Tedesco, 58, was most recently Chief Operating Officer for Retail at BMO Harris Bank, which is based in Chicago. Prior to that she served as senior executive vice president and managing director of the retail bank at Santander Bank, N.A.

Before Santander, Tedesco spent 19 years at Citizens Financial Group, Inc., ultimately becoming group executive vice president and executive director of retail banking and business banking for the company.

Tedesco was named one of most powerful women in banking, team award by American Banker in 2012 and 2017. In 2015, the magazine named her one of the most powerful women to watch. She received her master of business administration degree from Northeastern University and her bachelor of science degree from Ithaca College.

Cathy Jett: 540/374-5407

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