(For an image of Savage, go to http://www.cnb.com/images/photos/rachel_savage.jpg)
Prior to joining City National, Savage worked for Consolidated Mortgage as a loan originator and underwriter. She has also worked for Valley Bank as a vice president and senior loan officer, Bank of America and Community Bank of Nevada as a vice president and commercial real estate loan officer, First Security Bank as a loan officer, U.S. Bank as an assistant relationship officer in corporate and real estate lending, and Nevada State Bank as a credit analyst.
"We are very pleased and fortunate to have Rachel join City National Bank and our team of real estate loan officers," Cook said. "Rachel joins our bank with a wealth of lending experience and a keen understanding of the real estate market that will help both the bank and our clients be more successful."
Savage will be responsible for loan underwriting, relationship and risk management, and customer retention and business development of existing and new clients. She 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.
Savage is a graduate of the University of San Diego, where she graduated Cum Laude and earned a Bachelor of Arts degree in Business Administration. She has also completed a number of banking courses offered through the American Institute of Bank (AIB), including Cash Flow and Tax Analysis. Savage is very active in the community serving as a member or past member of various trade organizations such as NAIOP, CCIM and CREW. She has also been very involved with a number of charitable groups including the Jewish Federation, Catholic Charities and the Susan G. Komen Foundation.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $16.3 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 eight majority-owned investment affiliates manage or administer $53.5 billion in client investment assets, including $34 billion under direct management.
City National has eight branch offices in Nevada, including four 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.
For more information about City National, visit the company's Website at www.cnb.com.
The City National Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3143
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: City National Bank
City National Bank
Paul C. Stowell