Regions Central Virginia

Union Bank & Trust names new president

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Maria P. Tedesco has been named president of Richmond-based Union Bank & Trust.

The appointment will take effect on Sept. 28.

John C. Asbury, the president and CEO of parent company Union Bankshares Corp., will relinquish his position as president of the bank.

Tedesco, 58, is the first female president in the bank’s 116-year history.

She previously was chief operating officer for retail at BMO Harris Bank based in Chicago.

Before that position, she was senior executive vice president and managing director of the retail bank at Santander Bank, N.A.

At the Union Bank & Trust, she will be in charge of commercial banking, business banking, consumer banking, and wealth management teams as well as marketing, digital strategy and customer experience.

Tedesco was named one of most powerful women in banking, team award by American Banker in 2012 and 2017.

In 2015, she was named one of the most powerful women to watch by American Banker.

Tedesco received her M.B.A from Northeastern University and her bachelor’s degree from Ithaca College.

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