LOS ANGELES – City National Bank has named Jim Wullschleger and David Park to positions in charge of its business banking group, which serves companies with annual revenues of up to $20 million.
As business banking credit and group manager, Wullschleger will be responsible for credit and lending operations. For the past five years, he led the bank’s effort to develop and implement a strategy that resulted in the creation of a new team of business bankers.
Park will oversee City National’s small business and SBA sales teams. Prior to this appointment, he was the bank’s SBA department manager, and in that capacity he was responsible for making loans that are guaranteed by the Small Business Administration. In 2012, his department’s loan production grew 54 percent.
In 2012, City National added 24 small business bankers, and the company expects to add eight more this year.
Wullschleger and Park report to Kevin Dunigan, executive vice president of City National’s Core Banking Division.
“City National got its start banking small business owners and entrepreneurs,” Dunigan said, “and today we’re serving them with more colleagues and more capabilities than ever before. Jim and David have a keen understanding of what these companies need, and they’ll be supported by the resources and commitment of the largest commercial bank based in Southern California.”
About City National Bank’s Small Business Program
City National is one of the few banks offering small business clients the same high level of service and proactive advice most banks usually reserve for larger businesses. It offers a wide array of products and services to emerging, established and high-growth companies and their management teams, including deposit; credit, including conventional and government-guaranteed small business loans; international and trade finance; treasury and wealth management and personal banking.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE: CYN). It is backed by $28.6 billion in total assets, and provides banking, investment and trust services through offices in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. The company and its investment affiliates manage or administer $56.7 billion in client investment assets, including $38.2 billion under direct management. For more information about City National, visit the company’s website at cnb.com.