Christopher J. Warmuth, 51, has been named president ofCity National Bank and executive vice president of its holdingcompany, City National Corporation. He succeeds George H. Benter, Jr.,who is stepping down after 13 years as president and chief operatingofficer of the bank.
Warmuth, who for the past three years has served as the bank'schief credit officer, will be responsible for City National'scommercial and private banking as well as its entertainment, realestate and branch banking activities. He will join the boards ofdirectors of the corporation and the bank, and become a member of thebank's five-member Strategy and Planning Committee. Warmuth also willremain a member of its Executive Committee. He becomes only the sixthpresident of City National Bank in its 51-year history.
"Chris is a highly effective leader with a broad range of skills,"said Chief Executive Officer Russell Goldsmith. "In addition to hisproven understanding of credit management, Chris brings many years ofline experience in corporate, business, real estate and consumerlending in California. His knowledge of our markets, our company andthe clients we serve, and his strong values are among the many reasonsthe board of directors and I believe he will help lead City Nationalto even greater success in the future."
Benter joined the company in 1992. He is 63 years old. Although heis stepping down as president, Benter will become vice chairman of thebank and continue as a member of its Executive Committee, focusing onkey client retention, business development, community relations andcolleague training.
"George has served our company very well as president during alengthy period of remarkable growth," Goldsmith said. "We're delightedthat he will remain active here, helping us to enhance our efforts forour clients, colleagues and the communities we serve."
Warmuth joined City National in June 2002 and since then hasserved as executive vice president and chief credit officer. Beforethat, he worked for Bank of the West and its predecessor Sanwa BankCalifornia. He became Sanwa's chief credit officer in 1998 afterheading its special assets division for four years.
During his 25-year banking career in California, Warmuth has helda variety of positions in business and real estate lending, corporatebanking and consumer credit as well as risk management. He wasSouthern California area manager for Bank of America's real estateindustries division and before that was executive vice president ofthe real estate special assets group at Security Pacific Bank. He alsowas treasurer of The Christiana Companies, a publicly traded realestate development company in San Diego.
Warmuth earned a master's degree in business administration andbachelor's degree in finance/communications from the University ofSouthern California.
He serves on the executive committee of the Lusk Center for RealEstate Development at USC, and is a member of both the Risk ManagementAssociation and the Urban Land Institute.
The bank also announced that Russell Goldsmith, formerly vicechairman and chief executive officer of City National Corporation,will now become its president and chief executive officer. He willcontinue as chairman and chief executive officer of City NationalBank.
James Dowd, senior vice president and deputy chief credit officer,will serve as interim chief credit officer until a permanent successorto Warmuth is named. Dowd has been with City National for 13 years.
About City National
City National Corporation (NYSE:CYN) is a financial servicescompany with $13.9 billion in total assets. Its wholly ownedsubsidiary, City National Bank, is the second largest independent bankheadquartered in California. As California's Premier Private andBusiness Bank(R), City National provides banking, investment and trustservices through 52 offices, including 12 full-service regionalcenters, in Southern California, the San Francisco Bay Area and NewYork City. The company and its affiliates manage more than $16 billionof client trust and investment assets. Assets under management oradministration amount to nearly $36 billion.
For more information about City National, visit the company'sWebsite at cnb.com.
SOURCE: City National Corporation
City National Corporation
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