LAS VEGAS, July 3, 2007 (PRIME NEWSWIRE) -- City National Bank today announced that it has hired Bob Glaser to be senior vice president and manager of its Private Banking Division in Nevada. Glaser, who will be located in Las Vegas, will be responsible for private banking throughout the entire state. He will have a number of private banking specialists reporting to him once they are hired and located in the major markets served by the bank. Glaser will report directly to John Guedry, executive vice president and Nevada region manager. (For an image of Glaser, go to http://www.cnb.com/images/Bob_Glaser.jpg).
Glaser joins City National Bank from Wireless Venture Partners, Inc., where he served as senior vice president and chief financial officer for approximately two years. He also worked for United Factory Furniture Corporation, the parent company of Walker Furniture in Las Vegas, as senior vice president and chief financial officer for six years. Glaser spent three years with Peat Marwick LLP as a senior consultant in its Financial Institutions Group. His professional career in banking includes six years with PriMerit Bank where he served as senior vice president and manager of business banking, and another six years with Valley Bank of Nevada as vice president and manager of corporate banking. He also spent four years with several community banks in Utah.
"Bob has the skills and background to manage this new area of the bank that will become an integral part of our delivery channel for some of our more affluent clients and prospects as we fully integrate the private banking concept throughout Nevada," Guedry said. "Bob and his team will work very closely with our branch and lending teams, as well as the wealth management group, to provide higher net-worth individuals with a full range of world-class financial and investment solutions, all delivered with our award-winning personal service."
Glaser is a graduate of the University of Utah in Salt Lake City, where he earned a Bachelor of Science degree in Finance and Business Administration. He also graduated from the Stonier Graduate School of Banking at the University of Delaware in Newark, Delaware, and the National Commercial Lending School at the University of Oklahoma in Norman, Oklahoma.
Glaser has been very active in the Las Vegas community, serving as a member of several trade and nonprofit organizations. His trade or professional organizations include: director and executive committee member of the Nevada State Development Corporation; member of the Las Vegas Rotary Club; member of the Interagency Coordinating Committee for the Nevada Development Authority; and director of the Nevada Enterprise Network. He has also been an adjunct instructor for the Community College of Southern Nevada and a volunteer for the Boulder Dam Area Boy Scout Council Sustaining Membership Drive.
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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