LOS ANGELES, Oct. 4, 2011 (GLOBE NEWSWIRE) -- City National Bank, California's Premier Private and Business Bank®, today announced that Paul DeLauro has joined the company as a senior vice president and manager of Tax and Financial Planning.
DeLauro will provide comprehensive financial and tax-planning services to City National clients, including entrepreneurs, professionals, their businesses and their families. He reports directly to Richard Gershen, executive vice president and director of the bank's Wealth Management Division.
"Paul's background and skills will further strengthen our reputation as the trusted advisor for our clients," said Gershen. "We look forward to continue helping wealthy families with their estate plans and philanthropy, entrepreneurs who want to transition their business, and clients planning for retirement or needing help with tax planning. Paul's expertise will enable us to provide added value to our high-net-worth clients, helping them plan for and achieve all of their financial goals."
DeLauro joined City National from US Trust/Bank of America Private Wealth Management in Seattle, where he was a senior vice president and regional trust executive. Before that he was with First Hawaiian Bank as a vice president in the wealth planning department, and before that he was with Wells Fargo Bank in Boulder, CO.
DeLauro received his bachelor's degree in political science from the University of Colorado at Boulder and his law degree from the University of Denver College of Law. In addition to his law degree, DeLauro holds the Certified Trust and Financial Advisor (CTFA) designation from the American Bankers Association.
For a photo of DeLauro go to: http://www.cnb.com/images/photos/paul-delauro.jpg
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $22.5 billion in total assets, and provides banking, investment and trust services through 79 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City and Nashville, Tenn. The company and its investment affiliates manage or administer $58.5 billion in client investment assets, including more than $36 billion under direct management.
For more information about City National, visit the company's Website at cnb.com.
The City National Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3143