SAN FRANCISCO--(BUSINESS WIRE)--March 9, 2000--City National Bank, which last week completed its merger with The Pacific Bank, today announced that is has assembled a highly experienced team of private banking professionals to provide the Bay Area and Northern California with City National's unique brand of personalized financial services.
"As promised, City National Bank is delivering our proven formula and expanded capabilities for premier private banking in the Bay Area," said Robert Brant, Executive Vice President for the Northern California Region. "This is a private banking team with extensive knowledge and a highly developed understanding of the needs of professionals and successful individuals. The team, combined with City National's decades of experience in providing innovative financial solutions, will set the benchmark for private banking services in this region."
With customers including some of the most affluent individuals and successful business executives in the West, City National specializes in tailoring a high-end collection of products and services to meet the financial needs of nationally recognized law firms, accounting firms, medical practices, emerging technology companies and even investment bankers.
The private banking team is comprised of local professionals with solid backgrounds in private banking and more than 70 years of combined banking experience. Leading the Northern California team is David Lawrence, senior vice president and manager of private banking. Joining him as vice president/relationship managers are Peggy Fahnestock, Carla Furuno-Choy and Teni Karakas Sarkisian.
"Our unique hands-on service provides a high level of attention with an unmatched depth of experience," Lawrence said.
Lawrence has more than 25 years in banking. He spent the past 16 years at The Bank of California/Union Bank of California, most recently as regional director of the San Francisco Private Bank unit for Union Bank of California.
Fahnestock has more than 15 years of private banking experience, all with The Bank of California/Union Bank of California. Furuno-Choy has 20 years in banking, mostly with Union Bank. Sarkisian has more than 17 years in banking, the past 10 with The Bank of California/Union Bank of California Bank. All three were vice presidents/relationship managers at Union Bank of California before joining City National.
The team will be headquartered at the former Pacific Bank San Francisco branch at 351 California Street, 5th Floor. They can be reached at 415/576-2784.
City National Corp. is a publicly owned corporation with nearly $8 billion in assets whose stock is traded on the New York Stock Exchange under the symbol "CYN." The corporation's wholly owned subsidiary, City National Bank, is California's premier business and private bank, with more than 50 offices throughout San Francisco, San Mateo, Los Angeles, Orange, Riverside, San Diego, San Bernardino and Ventura counties. In addition, the bank's Investment department, City National Investments, has more than $14 billion in assets under management or administration.
Note to Editors: Photographs of the Private Banking Team are available upon request.
CONTACT: City National
Jim Dunnigan, 310/888-6636
Bill Strawn, 415/433-8200
or Stoorza, Ziegaus & Metzger
Denis Wolcott, 213/891-2822