LOS ANGELES, June 18, 2014 (GLOBE NEWSWIRE) -- Expanding its growing technology banking business, City National Bank has hired seasoned technology and venture capital banker Billy O'Grady in Los Angeles.
O'Grady will be responsible for providing the growing number of technology companies and entrepreneurs in Southern California with a wide array of credit, banking and investment solutions.
"Billy's talent, expertise and strong relationships will further enhance our ability to provide the right banking services and venture debt products to help Southern California entrepreneurs build their companies," said Rod Werner, senior vice president and managing director of the Technology and Venture Capital Banking group for City National. "We have a long history of banking the entertainment industry in Southern California and we are increasing our efforts to support and finance the tech community here as well as the growing number of companies that are melding entertainment and technology."
O'Grady joins as a senior vice president and will head up the Southern California Technology and Venture Capital Banking group for City National. He was recently a vice president and relationship manager for Silicon Valley Bank's technology group in Los Angeles and San Diego, responsible for building a portfolio of early and growth stage companies. He will work out of City National's Santa Monica office.
O'Grady joins a growing West Coast technology team as well as three recent technology bankers in New York and Boston that were hired last year to better serve the tech communities in those regions. In the past 12 months, City National has helped about 75 companies grow with various products and services, including a venture debt deal for The Honest Co. in Santa Monica.
O'Grady is a graduate of St. John Fisher College of Rochester, NY, where he received his bachelor's degree in sport management, with a minor in business administration.
(For an image of O'Grady go to: https://www.cnb.com/PublishingImages/Bill-OGrady.jpg)
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $29.7 billion in total assets, and provides banking, investment and trust services through 77 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. The company and its investment affiliates manage or administer $66.4 billion in client investment assets, including $46.4 billion under direct management.
For more information about City National, visit the company's Website at cnb.com.
CONTACT: Media Contact: Debora Vrana, City National Bank, 213.673.7631 Debora.Vrana@cnb.com
Source:City National Bank