In the latest makeover of its retail banking business, UnionBanCal Corp. of San Francisco has been putting managers much closer to the rank and file.

Under Tim Wennes, the former Countrywide Financial Corp. executive whom UnionBanCal hired in July of last year to head the retail business, the $68.7 billion-asset company has increased its roster of market presidents from three to five. Each president runs 70 branches, rather than 110 previously.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.