LAS VEGAS, June 26, 2007 (PRIME NEWSWIRE) -- City National Bank today announced that it has further increased its growing presence in Nevada by establishing a fully staffed and highly trained Cash Management Department to sell and service the bank's award-winning products and services. The cash management area of the bank will work very closely with the branches and lending areas to provide clients with its innovative, high-tech capabilities that can help clients improve cash flow, reduce expenses, increase efficiency, reduce fraud, and much more.
The bank today also announced that it has named longtime banking professional and City National Bank colleague Corby White to head up this new department. White, who will be senior vice president and manager of the Nevada Cash Management Sales Department, will be located in northern Nevada and housed in the bank's Reno facility. White will report to Nadilee Russell, senior vice president and manager of Cash Management Administration for City National Bank.
Also joining the Nevada department will be Celeste Putt, vice president and Cash Management sales officer. Putt is a well-known and very experienced banker who joined the Bank nearly a year ago. She will be housed at the bank's full-service branch in North Las Vegas and responsible primarily for southern Nevada sales and servicing. Putt will report to White.
"We are very excited to have Corby and Celeste head up this new area of the bank that will provide us with additional resources to better service those clients who have a need for the cash management resources we now offer in Nevada," said John Guedry, executive vice president and Nevada region manager of City National Bank. "Our increased capabilities in this area will clearly give us a competitive edge to service larger clients who have more sophisticated banking needs."
Guedry added that some of the new cash management products and services the bank can now offer to its Nevada clients include E-Deposit, Treasury Net, Positive Pay with Payee Verification, Business Bill Pay, and more. "These products that are designed to improve the efficiency and productivity of our business clients," he said. "Corby and Celeste, along with their staff, will work very closely with the branch relationship managers and loan officers to identify existing clients and prospects who could benefit from these innovative resources."
White joins the City National Bank team in Nevada following nearly nine years with the bank in California where he most recently worked for the Management Consulting Group as senior vice president and senior project manager. He also managed the Bank's Cash Management Product Department when he joined City National in 1998. Prior to joining City National, White worked for two years for Home Savings of America as a vice president and senior product manager. He began his banking career in 1990 with First Interstate Bank in California as a vice president and product manager. White is a graduate of California Polytechnic State University, San Luis Obispo, where he earned a Bachelor of Science degree in Business Administration. He is a Certified Treasury Professional (CTP) with the Association of Financial Professionals (AFP). For an image of White, go to http://www.cnb.com/images/Corby_White.jpg.
Putt is a 21-year banking professional who joined City National's predecessor bank, Business Bank of Nevada, nearly a year ago as the branch relationship manager of its Cheyenne branch in North Las Vegas. She joined the bank from Nevada State Bank where she served as assistant vice president and cash management sales officer for 10 years. Putt's tenure in banking also includes working for U.S. Bank for seven years serving in a variety of positions, including corporate banking relationship/cash management sales officer, corporate branch manager, and corporate branch operations supervisor. She also worked for Nevada National Bank for three years as a branch operations assistant. Putt is a member of the Association of Financial Professionals (AFP), and is actively involved in various community programs and nonprofit organizations, such as Make-A-Wish Foundation, Salvation Army's Angel Tree Program and NASCAR Charities. For an image of Putt, go to http://www.cnb.com/images/Celeste_Putt.jpg.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by more than $15 billion in 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 nine majority-owned investment affiliates manage or administer more than $55 billion in client investment assets, including nearly $35 billion under direct management.
City National has eight branch offices in Nevada, including four 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 www.cnb.com.
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