CITY NATIONAL BANK


Associated tags: City National Bank, Royal Bank of Canada, Public sector, Royal Bank, San Francisco Bay Area, RBC, City National Bank (California), Financial services, City

Locations: CANADA, WASHINGTON, NEVADA, UNITED STATES, NEW YORK CITY

City National Bank Names Rick Bechtel as Head of Mortgage & Residential Lending

Retrieved on: 
Tuesday, May 7, 2024

LOS ANGELES, May 07, 2024 (GLOBE NEWSWIRE) -- City National Bank announced today that Rick Bechtel has joined the bank as executive vice president and head of mortgage & residential lending.

Key Points: 
  • LOS ANGELES, May 07, 2024 (GLOBE NEWSWIRE) -- City National Bank announced today that Rick Bechtel has joined the bank as executive vice president and head of mortgage & residential lending.
  • Bechtel brings with him more than 30 years of experience in the residential lending industry with expertise in building and optimizing mortgage, home equity and consumer lending businesses.
  • Bechtel will be based in Los Angeles, reporting to David Cameron, executive vice president and head of consumer at City National Bank.
  • Rick will be responsible for building and executing a comprehensive mortgage strategy for the bank, leading its residential lending sales, operations, capital markets and servicing teams.

City National Bank Names Adey Tesfaye as Head of Community Reinvestment Act (CRA) Department

Retrieved on: 
Monday, February 26, 2024

LOS ANGELES, Feb. 26, 2024 (GLOBE NEWSWIRE) -- City National Bank has named Adey Tesfaye as the new head of its Community Reinvestment Act (CRA) department.

Key Points: 
  • LOS ANGELES, Feb. 26, 2024 (GLOBE NEWSWIRE) -- City National Bank has named Adey Tesfaye as the new head of its Community Reinvestment Act (CRA) department.
  • City National is committed to investing in its communities through its CRA initiatives that include providing loans and investments for affordable housing and economic development.
  • “Adey’s wealth of experience in community reinvestment will help City National make a significant impact through our community development initiatives in areas that need it most,” said David Cameron, executive vice president of Personal & Business Banking, City National Bank.
  • Prior to City National, she worked at Sterling Bank & Trust, where she served as senior vice president and CRA officer.

City National Bank Vice Chairman of Entertainment Banking to Retire

Retrieved on: 
Tuesday, January 9, 2024

Los Angeles, Jan. 09, 2024 (GLOBE NEWSWIRE) -- City National Bank today announced that Martha Henderson, vice chairman of Entertainment Banking, will retire on Feb. 2, 2024.

Key Points: 
  • Los Angeles, Jan. 09, 2024 (GLOBE NEWSWIRE) -- City National Bank today announced that Martha Henderson, vice chairman of Entertainment Banking, will retire on Feb. 2, 2024.
  • “Since our founding in 1954, City National has had an unparalleled history of support for the entertainment industry, which is personified by Martha Henderson,” said Kelly Coffey, CEO City National Entertainment.
  • She joined City National in 1983 from Wells Fargo, where she launched her career in its private bank unit serving the entertainment industry.
  • When she joined City National, Henderson was just one of 16 colleagues on the bank’s Entertainment Banking team.

City National Bank Announces New CEO

Retrieved on: 
Friday, November 10, 2023

Hammond brings to City National more than 30 years of financial services experience, including 15 years in leadership positions at Fifth Third Bancorp, a large commercial bank and the ninth largest U.S.-based consumer bank.

Key Points: 
  • Hammond brings to City National more than 30 years of financial services experience, including 15 years in leadership positions at Fifth Third Bancorp, a large commercial bank and the ninth largest U.S.-based consumer bank.
  • “I look forward to working closely with Greg, Kelly and the rest of the leadership team to build on the strength of City National and lead the business into the future.”
    Carmichael, executive chair of City National, said: “Howard brings exceptionally strong experience to City National.
  • He is the ideal leader to take City National to its next stage and prepare the bank for future success.”
    Coffey will assume the newly created role of CEO, City National Entertainment, enabling her to further add to City National’s strength in delivering strategic advice and a premier client experience.
  • I’m excited about the opportunity to work more closely with clients and help City National serve them even better.”
    Carmichael said: “Kelly has had a tremendous impact on City National over the last five years.

City National Bank Introduces Ladder Up Home Loan Program to Expand Homeownership Opportunities in Underserved Communities

Retrieved on: 
Tuesday, September 12, 2023

LOS ANGELES, Sept. 12, 2023 (GLOBE NEWSWIRE) -- City National Bank today announced a new mortgage program to help individuals and families in eligible areas purchase or refinance a home.

Key Points: 
  • LOS ANGELES, Sept. 12, 2023 (GLOBE NEWSWIRE) -- City National Bank today announced a new mortgage program to help individuals and families in eligible areas purchase or refinance a home.
  • Ladder Up provides borrowers with grant assistance, a mortgage program, credit education and excellent service to help families and individuals ascend the ladder of financial success and wealth building.
  • “Our Ladder Up Home Loan Program will help make the dream of sustained homeownership attainable for more underserved borrowers in our communities.
  • In the coming months, City National will launch another Special Purpose Credit Program aimed to serve minority owned businesses.

RBC announces $100,000 donation to support Maui wildfire relief efforts

Retrieved on: 
Tuesday, August 22, 2023

NEW YORK and LOS ANGELES and MINNEAPOLIS and TORONTO, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Royal Bank of Canada (RBC) announced today that it is donating $100,000 to assist with relief efforts following the devastating wildfires in Maui.

Key Points: 
  • NEW YORK and LOS ANGELES and MINNEAPOLIS and TORONTO, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Royal Bank of Canada (RBC) announced today that it is donating $100,000 to assist with relief efforts following the devastating wildfires in Maui.
  • The donation includes contributions from City National Bank, the RBC Foundation USA (funded by RBC Capital Markets and RBC Wealth Management) and Royal Bank of Canada.
  • Speaking on behalf of the bank, City National Bank CEO Kelly Coffey said: “Our hearts go out to all the victims of the wildfires in Maui.
  • We are committed to helping with the recovery efforts by partnering with the American Red Cross and the Maui Strong Fund, to support both short-term relief and long-term rebuilding efforts.”
    RBC has 257 locations and 15,100+ employees across the U.S., and it is committed to supporting its clients and communities throughout the region.

Toll Brothers Apartment Living® and EJF Capital Break Ground on Henri in Downtown Phoenix, Ariz.

Retrieved on: 
Monday, July 31, 2023

PHOENIX, July 31, 2023 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living® , the rental division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and EJF Capital have announced a joint venture to develop Henri in downtown Phoenix, Ariz.

Key Points: 
  • PHOENIX, July 31, 2023 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living® , the rental division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and EJF Capital have announced a joint venture to develop Henri in downtown Phoenix, Ariz.
  • Construction on Henri began in July 2023 and is anticipated to be completed with first residency in 2025.
  • “We are delighted to once again partner with EJF Capital to develop a spectacular luxury apartment community in vibrant downtown Phoenix,” said John McCullough, President of Toll Brothers Apartment Living.
  • Canvas , a Toll Brothers Campus Living® community in Tempe, opened to students in 2021 and was subsequently sold in 2023.

City National Bank to Increase its Prime Interest Rate to 8.50%

Retrieved on: 
Wednesday, July 26, 2023

LOS ANGELES, July 26, 2023 (GLOBE NEWSWIRE) -- City National Bank announced today that it will increase its prime lending rate from 8.25% to 8.50%, effective July 27, 2023.

Key Points: 

LOS ANGELES, July 26, 2023 (GLOBE NEWSWIRE) -- City National Bank announced today that it will increase its prime lending rate from 8.25% to 8.50%, effective July 27, 2023.

City National Bank Releases 2022 “Our Impact” Report

Retrieved on: 
Tuesday, May 30, 2023

LOS ANGELES, May 30, 2023 (GLOBE NEWSWIRE) -- City National Bank® today released its 2022 “Our Impact” report that outlines the significant progress the bank made last year to address economic, social and environmental issues.

Key Points: 
  • LOS ANGELES, May 30, 2023 (GLOBE NEWSWIRE) -- City National Bank® today released its 2022 “Our Impact” report that outlines the significant progress the bank made last year to address economic, social and environmental issues.
  • “We know City National can only be as strong as the communities we serve, and we believe we have a responsibility to help strengthen them,” said Kelly Coffey, chief executive officer of City National.
  • In 2022, City National provided more than 2,200 community reinvestment and development loans totaling more than $1.1 billion.
  • To view City National’s report, please visit Our Impact | City National Bank (cnb.com) .

Habitat LA Hosts the 19th Annual Power Women, Power Tools® with support of City National Bank

Retrieved on: 
Wednesday, May 24, 2023

Los Angeles, CA, May 24, 2023 (GLOBE NEWSWIRE) -- On June 17, 2023, Habitat for Humanity of Greater Los Angeles (Habitat LA) will host its 19th Annual Power Women, Power Tools® build day.

Key Points: 
  • Los Angeles, CA, May 24, 2023 (GLOBE NEWSWIRE) -- On June 17, 2023, Habitat for Humanity of Greater Los Angeles (Habitat LA) will host its 19th Annual Power Women, Power Tools® build day.
  • As a recurring sponsor of Habitat LA’s signature events — including several Power Women, Power Tools® events — City National continues to support women empowerment and low-income Angelenos throughout Greater Los Angeles.
  • For nearly two decades, the Power Women, Power Tools® build day and fundraising event has celebrated the collective efforts of thousands of “Power Women” who help Habitat LA build dozens of affordable homes.
  • We’re excited to be building Habitat homes alongside so many power women,” said Linda Duncombe, Habitat LA board member and City National’s Chief Marketing, Data and Digital Officer.