SACRAMENTO, Calif., July 15, 2015 (GLOBE NEWSWIRE) -- City National Bank, America's Premier Private and Business BankSM, announced today that it has hired a commercial banking team in Sacramento and has opened a loan production office there to better serve businesses and entrepreneurs in this important region.
Leading the City National group is Senior Vice President and Manager Dan Guth, who has more than 20 years of financial services experience within Northern California and the region. He is joined by Tom Harris, vice president and senior relationship manager, and John Novikoff, a vice president and relationship manager. They will work together to make available City National's broad array of financial services to middle-market companies in the region.
The new team will be located in the bank's new office in the Sacramento region. Formed in 1954 by entrepreneurs to serve entrepreneurs, City National is now the nation's 26th largest bank and provides financial solutions to companies, as well as entrepreneurs, professionals and their families throughout California.
"We're extremely pleased to have these outstanding professionals join City National," said Michael Walker, executive vice president and regional manager for Northern California. "Together, they bring a wide range of expertise serving the financial needs of the region's middle-market companies. City National looks forward to delivering its focused, high-quality service and extensive capabilities to new clients in Sacramento and the surrounding areas."
The team has deep roots in the Sacramento region with all three new City National bankers providing financial services to companies there for the past two decades. They will serve entrepreneurs and companies in all types of industries with strong expertise in serving middle-market companies. All three bankers were formerly with Rabobank in the Sacramento area.
The team's address is 3001 Douglas Blvd, Suite 360, Roseville, CA 95661. The phone number is: (916) 996-6555.
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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.
On January 22, 2015, City National announced plans to merge with Royal Bank of Canada. The transaction is expected to close later this year, pending regulatory approval and other customary closing conditions.
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