R. Michael NewtonVice President Finance and Administration
Michael Newton joins us as our Vice President Finance and Administration effective February 1, 2015. In addition to extensive banking, finance and profit center management experience, Mr. Newton adds considerable depth to our marketing reach.
Previously Mr. Newton was a Senior Vice President with RBS Citizens for over eight years. Mr. Newton was Team Leader for the Chicago Mid Corporate Banking office for 5 years with responsibility for loan portfolio quality as well as marketing banking services to clients and prospects with revenues exceeding $500 million and located in Illinois, Wisconsin and Minnesota. From a start-up with fifteen clients in 2009, the portfolio grew to forty client relationships. Mr. Newton brings over 30 years of experience advising large corporate financial officers on loan structuring and capitalization planning, and in selling a wide range of domestic and international treasury solutions.
Prior to RBS Citizens, he opened the Chicago large corporate banking office for U.S. Bank, where as a Senior Relationship Manager from 1999 to 2006, he was recognized with the Chairman’s Pinnacle Award (Top 10%). Mr. Newton was a Relationship Manager at BMO Harris Bank from 1992 to 1999. At First National Bank of Chicago (now JP Morgan) from 1980 to 1992, he was both a Senior Banker and Division Manager for the Retailing Companies and Beverage Franchise national industry verticals. During his early career, he trained and held various credit analyst, credit manager and client management positions at predecessor banks to Wells Fargo Bank and Regions Bank headquartered in Atlanta and Nashville, respectively. Over his career, Mr. Newton has been a Senior Credit Approval Committee member, and has served on numerous bank leadership councils focused on college recruitment and training, workforce diversity, process improvement and community reinvestment.
Mr. Newton believes passionately in giving back to the Chicago Southside neighborhood where he was raised and attended public schools. Since 1995 he has partnered with both the City of Chicago Department of Planning and Development and the Illinois Housing Development Authority in sponsoring affordable housing projects. With this partnership, he has renovated aging housing stock in the once blighted East Woodlawn community of Chicago.
Mr. Newton has an MBA in Finance and Marketing from the University of Chicago Booth School of Business, and he earned his BA at Amherst College where his academic and other personal achievements were recognized with a graduate school fellowship.