City National Bank was pleased to be honored in San Francisco last week by ASIAN, Inc. for its community reinvestment work. ASIAN, Inc. recognized the bank with its Community Reinvestment Visionary Award as a testament to City National’s commitment to fostering healthy communities through small business and community development lending.
Tony Kallingal, senior vice president and Northern California regional manager for business and preferred banking, accepted the award on September 18 on behalf of City National Bank. “City National takes great pride in investing in the communities where we work, live and conduct business,” said Kallingal. “We believe these commitments are a part of our DNA and define the bank as a corporate citizen.”
ASIAN, Inc. is a non-profit technical assistance and research organization that strengthens Asian Americans and other socioeconomic minorities, particularly for low- to moderate-income communities with diverse multi-cultural and multi-linguistic needs.
City National recently announced an $11 billion, five-year commitment for community lending, investment, charitable contributions, supplier diversity and other activities outlined in the Community Reinvestment Act. The bank’s CRA commitment will emphasize small business and community development loans.