LAS VEGAS, Aug. 7, 2008 (PRIME NEWSWIRE) - City National Bank today announced that Gary Harmon has been named the new Nevada credit manager. Harmon is a 35 year veteran of the banking industry who joined City National Bank in February of this year as senior vice president and relationship manager in the Real Estate Division.
(For an image of Harmon, go to http://www.cnb.com/images/photos/Gary_H_08_3330r.jpg.)
In his new capacity, Harmon will be responsible for the Nevada credit department, lending policies and procedures, credit decisions, and all statewide lending personnel, which consists of nearly 30 colleagues. He will be housed at the bank's regional center in Summerlin at 10801 W. Charleston Boulevard near I-215 in northwest Las Vegas, but will travel statewide working with lending personnel in all of the Nevada markets served by the bank. Harmon will report to John Guedry, executive vice president and Nevada region manager of City National Bank.
Prior to joining City National in February of this year, 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.
"We are very excited for Gary and the new opportunity he has to further his career with City National Bank," Guedry said. "Gary moves into this new position with a wealth of experience in all areas of lending, which is why he is a perfect fit for this position. He has excellent people skills and a keen understanding of the Nevada economy that will help him be very successful in his new role as credit manager."
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, and HomeAid of Southern Nevada.
"I feel very privileged to have this opportunity to manage the bank's credit department in Nevada," said Harmon. "We definitely have some of the most talented and highly qualified lending personnel working at our bank. We have the people, the products and the expertise to help businesses grow and succeed even during these challenging times."
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 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.
For more information about City National, visit the company's Website at cnb.com.
The City National Bank logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3143
CONTACT: City National Bank
Paul C. Stowell