Bash will advise Department of Commerce on trade finance issues

LOS ANGELES – City National Bank, America’s Premier Private and Business Bank®, announced today that Steven J. Bash, senior vice president and manager of the bank’s International Banking and Trade Finance Division, has been appointed to the U.S. Department of Commerce Trade Finance Advisory Council (TFAC).

The TFAC is a nonpartisan group of experts who advise the Department of Commerce in identifying ways to grow access to finance for U.S. exporters, specifically small- and medium-sized enterprises. The council is made up of 20 private-sector individuals with experience in banking, trade and other trade finance organizations.

“I am honored to be advising the Department of Commerce and look forward to advocating for trade finance accessibility for U.S. exporters,” said Bash. “It is an important time for trade, with many uncertainties and potential changes in U.S. trade policy. The TFAC plays an important role helping entrepreneurs and business owners throughout the United States.”

Bash oversees City National’s trade finance, trade services, structured trade finance, risk mitigation and distribution, global correspondent banking and trade advisory services. He is a past president of the Bankers Association of Finance and Trade, an industry advocacy organization in Washington, D.C.

To see an image of Bash, please go to: https://www.cnb.com/PublishingImages/Steve-Bash.jpg

About City National

With $48.7 billion in assets, City National Bank provides banking, investment and trust services through 72 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis and Washington, D.C. In addition, the company and its investment affiliates manage or administer $64.9 billion in client investment assets.

City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 34 other countries.

For more information about City National, visit the company’s website at cnb.com.

For more information about the TFAC, click here.