City National Bank Hires Veteran Advisor For Its Private Client Services Group In San Jose And Palo Alto

SAN JOSE, Calif., Feb. 11, 2011 (GLOBE NEWSWIRE) -- City National Bank announced today that Kathryn Diamond has joined the bank as a vice president and team leader for Private Client Services for the San Jose and Palo Alto areas.

With more than 20 years of experience, Diamond will focus on new client development and service to the bank's high-net-worth clients in San Jose, Silicon Valley, and the Peninsula. These services include tailored investment management, trust, credit and banking services for high-net-worth families, select nonprofits and professional services firms. She will advise on comprehensive wealth management strategies and private banking solutions.

Diamond will report to Kent Grubaugh, a senior vice president and manager of Private Client Services in Northern California. She will initially be based at City National's San Jose office which is located at 224 Airport Parkway.

"We are very excited to have Kathryn join our seasoned team of banking professionals," said Grubaugh. "She brings a strong history of service to her clients in addition to broad experience in private wealth management."

Diamond previously served as vice president and senior private banker for Wells Fargo's Private Bank in San Jose. Prior to that, she was a relationship manager for First Republic Bank in Palo Alto where she advised high-net-worth clients in Silicon Valley on financial strategies.

For a link to Kathryn Diamond's photo: ( http://cnb.com/images/photos/Kathryn-Diamond.jpg )

About City National

City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $21.4 billion in total assets, and provides banking, investment and trust services through 75 offices, including 17 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. The company and its investment affiliates manage or administer $58.5 billion in client investment assets, including nearly $37 billion under direct management.