PALO ALTO, Calif. – First Tech FCU, the $6 billion credit union formed by the 2010 merger of First Tech CU and Addison Avenue FCU, has named Gregory Mitchell, CEO of First PacTrust Bancorp, a one-time credit union, as its president and CEO.
Mitchell left the Chula Vista-based former credit union, once known as Rohr Employees FCU before it converted to a mutual savings bank, last month amid a management shake-up.
At First Tech Mitchell succeeds former president and CEO, Benson Porter, who accepted the position of president and CEO of BECU in February. As a result of Mitchell’s appointment, interim president and CEO, Hank Sigmon, will return to his previous position of chief financial officer.
First PacTrust was known as Pacific Trust FCU until 2000, when it converted to a mutual savings bank.
Before working for First PacTrust, Mitchell served as CEO of Los Angeles-based California National Bank from 2001 to 2009. In 1995, he founded the West Coast office of Hovde Financial — an investment banking, asset management and private equity firm where he served as partner until 2001. Mitchell has also 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. Greg is a retired Commissioned Officer from the United States Coast Guard Reserves where he served as a search and rescue coordinator.