With 27 years experience banking, Matthew Macia will become Bank of the Sierra's first chief risk officer. Photo contributed.

published on March 19, 2019 - 9:13 AM
Written by The Business Journal Staff

Bank of the Sierra announced Monday the creation of a new senior management position at their headquarters in Porterville.

Matthew Macia has been named chief risk officer (CRO) and will become the fifth executive officer, according to a press release from the bank.

“We’re incredibly excited to add Matthew to the Bank of the Sierra family,” said Kevin McPhaill, the bank’s president and chief executive officer. “Our continued growth over the past 40-plus years has made a chief risk officer position vital to our business, and someone with his considerable knowledge is a perfect fit for our Bank.”

Macia most recently served as CRO for TIAA-CREF in North Carolina, a retirement equities fund. He graduated from Fresno State University with a bachelor’s degree in economics. He has been in banking for 27 years.

As CRO, he will coordinate with other departments to “monitor and assess potential risks,” creating solutions to protect investments, according to the release.

The creation of the position comes after a year of expansion and acquisitions for Bank of the Sierra.

In January 2018, the bank announced they had acquired a branch of Lompoc bank in Santa Maria, extending the financial institution’s footprint to the Central Coast.

Bank of the Sierra first opened in the southern San Joaquin Valley in 1977.

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