BayCom, the parent company of United Business Bank, approved an increase in the size of its board of directors from eight to nine directors and appointed Syvia L. Magid to fill the vacancy created by the increase.
Magid will serve until the next annual meeting of stockholders. She has also been appointed to the board of directors of United Business Bank, effective December 1, 2019. The board has appointed her to serve on the bank’s Asset/Liability Committee.
Magid is a corporate attorney and has been in private practice for 25 years. She has been a partner with Fox Rothschild since January 2014, when her prior firm, MBV Law, was acquired by Fox. Magid provides a variety of legal services including advising clients on mergers, acquisitions and reorganizations, succession planning, corporate governance and other matters, and contract drafting and negotiations. A portion of her practice is devoted to assisting architects, engineers, and other design professionals with their legal needs.
United Business Bank offers a full range of loans, including SBA, FSA and USDA guaranteed loans, and deposit products and services to businesses and its affiliates in California, Washington, New Mexico and Colorado. Its products include equipment financing, commercial real estate loans, construction loans and ABL lines of credit.
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