LAS VEGAS, Feb. 7, 2008 (PRIME NEWSWIRE) - City National Bank today announced that it has hired one of Nevada's most prominent and well-known banking and lending professionals Gary Harmon as senior vice president and relationship manager in its Real Estate Division. Harmon, who will be housed at the bank's new regional headquarters facility in Summerlin, will be responsible for real estate lending throughout Nevada and will report to division head Shannon Cook, senior vice president and Nevada manager of the Real Estate Division. (For an image of Harmon, go to http://www.cnb.com/images/photos/Gary_H_08_3330r.jpg.)
Harmon joins City National Bank with over 35 years of banking experience. Prior to joining City National, Harmon worked for Bank of America and its predecessor, Valley Bank of Nevada, for 22 years. During his tenure with these two banks, he served in a variety of positions, including his most recent job as senior vice president and market manager of the homebuilder division. He also worked in the commercial real estate group, corporate commercial lending, gaming finance and real estate lending groups.
Prior to moving to Las Vegas in 1985, Harmon served as vice president and senior lending officer for Citizens Federal Savings and Loan Association in Cleveland, Ohio. He began his banking career with this Ohio-based S&L in 1972 as a management trainee before becoming a branch manager followed by a loan officer in the construction and commercial lending group. Harmon also served as an officer for three years in the United States Army.
"It is a real privilege to have someone as qualified and well-known as Gary is in the marketplace join our bank," said John Guedry, executive vice president and Nevada region manager of City National Bank. "Gary brings an incredible amount of banking knowledge and experience to City National, particularly to the lending side of our business. He will be a great asset to the real estate group and our entire credit team as we continue to grow and expand with quality loan officers."
While Harmon will be physically housed in the bank's new regional center at 10801 W. Charleston Boulevard, Suite 250, in the Summerlin area in northwest Las Vegas, he will have statewide responsibilities for loan underwriting, relationship and risk management, and customer retention and business development of existing and new clients. He will also work very closely with the bank's branch relationship managers, business development officers, private banking and wealth management colleagues to help grow the bank's real estate loan portfolio with quality clients.
Harmon is a graduate of Ashland University in Ohio, where he earned a Bachelor of Arts degree in Sociology and Psychology. He also completed various banking courses from the University of Connecticut and Notre Dame University, as well as the American Institute of Banking (AIB). Harmon has been actively involved in the community serving as a member of various trade and nonprofit organizations, including Southern Nevada Homebuilder's Association, NAIOP, Nevada Bankers Association, HomeAid of Southern Nevada, and Habitat for Humanity.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $15.9 billion in total assets, and provides banking, investment and trust services through 62 offices, including 15 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. The company and its nine majority-owned investment affiliates manage or administer more than $59 billion in client investment assets, including $37.8 billion under direct management.
City National has nine branch offices in Nevada, including five in Las Vegas and one each in North Las Vegas, Reno, Carson City and Minden. The bank also has loan production offices in Reno and Stateline in South Lake Tahoe.
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For more information about City National, visit the company's Website at cnb.com.
CONTACT: City National Bank
Paul C. Stowell