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City National Expands New York Team

NEW YORK, June 9, 2015 (GLOBE NEWSWIRE) -- City National Bank, America's Premier Private and Business BankSM, announced today that it has hired three experienced wealth advisers to grow its East Coast operations and better meet the financial and wealth management needs of clients in New York and the surrounding area.

"City National's business in New York continues to thrive and expand as we attract new clients and top talent," said Scott Witter, senior vice president and team leader for Private Client Services in New York. "These three key new colleagues will allow us to continue to deliver exceptional service to our existing clients in New York, and pursue new opportunities with Tri-State executives, entrepreneurs and professional service firms. Our East Coast presence is a huge focus at City National Bank, and growth here is a primary goal."

City National entered New York in 2002 primarily to serve entertainment clients and has grown to serve wealthy families, nonprofits and professional services firms throughout the region. It now has nearly 250 colleagues in New York including City National Rochdale, which manages more than $27 billion, as of March 31, 2015.

City National has brought in three exceptionally experienced new colleagues including Anthony Savino as a senior vice president and senior private banker in the bank's Park Avenue office. Savino is responsible for providing highly personalized banking, investment and credit solutions for high-net-worth clients. Prior to joining City National, Savino served as a private banker with Morgan Stanley, and was responsible for a $2 billion credit portfolio.

Alan Wolberg has joined City National as a senior vice president and senior wealth planner. He provides comprehensive wealth and tax planning services to high- and ultra-high-net-worth clients. Wolberg joined City National from Bank of America Merrill Lynch, where he served as director and senior wealth strategist. With more than 25 years of experience in wealth planning, Wolberg is knowledgeable in multigenerational wealth transfer, charitable tax planning, financial planning, cash-flow analytics and wealth replacement strategies.

Carolyn J. Finer has joined City National as a private investment consultant. She is responsible for working with the bank's Private Client Services team to develop tailored investment management analyses and solutions for high-net-worth private clients and also private foundations and endowments.

Finer has more than two decades of experience in the investment management industry and served as a private wealth advisor and senior portfolio manager with UBS Financial Services. She holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

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About City National

City National Corporation (NYSE:CYN) has $32.7 billion in assets. The company's wholly owned subsidiary, City National Bank, provides banking, investment and trust services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National and its investment affiliates manage or administer $62.0 billion in client investment assets, including $48.4 billion under direct management.

For more information about City National, visit the company's Web site at cnb.com.

CONTACT: Media Contact: Debora Vrana, City National Bank, 213.673.7631 Debora.Vrana@cnb.com

Source:City National Bank