This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

City National Bank Expands Small Business Team In Los Angeles Region

LOS ANGELES, Sept. 21, 2012 (GLOBE NEWSWIRE) -- City National Bank has expanded its small business team in the Los Angeles region with the addition of two new team leaders to focus on the needs of entrepreneurs and growing small businesses.

With the expanded Small Business Services Division, bankers will be better able to provide a customized banking relationship including:

  • Focused understanding of each individual business and industry;
  • Solutions centered on deposit, credit, Treasury, International, Wealth Management and fraud prevention products and services; and
  • Two new and highly enhanced business packages that provide a vast array of services for small businesses.

"We give entrepreneurs everything they need – all the products and services, plus a financial quarterback who provides their companies the coordinated service they want for their businesses and their families," said Kevin Dunigan, executive vice president and head of the branch network for City National Bank.

Small businesses are the backbone of America. The nation's nearly 28 million small businesses represent 99% of U.S. employers and accounted for 67% of the net new jobs created between 2009 and 2011, according to the Small Business Administration. In California, the state's 3.4 million small businesses account for 99% of the state's employers and employ 52% of the workforce, according to state figures.

The new team leaders:

  • David Azma will lead the Los Angeles and San Fernando Valley regions. With more than 25 years of experience, he has worked for Wells Fargo and Rabobank.
  • Jim Drake will lead efforts in the Westside region, which includes Century City and Santa Monica. He will also handle the Long Beach area. With more than 25 years of experience, he spent nearly two decades at Citibank.

City National has been serving entrepreneurs since its formation in 1954. For the first six months of 2012, City National's total loans were up 16%. In the first eight months of 2012, City National has made more Small Business Administration loans than in all of 2011.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,240.22 +107.52 0.59%
S&P 500 2,111.46 +6.96 0.33%
NASDAQ 4,991.81 +28.2830 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs