ATLANTA, Dec. 5, 2011 (GLOBE NEWSWIRE) -- City National Bank announced today that it has opened its first banking office in Atlanta, principally to better serve the growing entertainment and music industry in Atlanta as well as entrepreneurs and professional service firms.
The Atlanta office is managed by David Innes, who recently joined City National and has more than 20 years of experience in the financial services industry.
"We look forward to serving Atlanta," said Martha Henderson, executive vice president of the bank's Entertainment Division. "This new office is an exciting step forward, a logical extension of City National's very strong entertainment business in California, New York and Nashville. We've recruited an outstanding team of experienced bankers who will deliver to Atlanta the premier capabilities and award-winning personal service that our clients have come to expect."
City National's entertainment and music industry clients include a wide array of directors, actors, artists, songwriters, labels, lawyers, publishers, producers, business managers, personal managers, talent agencies and nonprofit trade groups.
City National began in Los Angeles in 1954. The company was founded by entrepreneurs to serve entrepreneurs. It has grown consistently since then, expanding to five states and more than 3,300 colleagues. City National is now America's 26th largest bank by assets. It is an important bank for the entertainment industry, providing a broad array of financial services, including wealth management for individuals as well as financing for films and television shows. The company currently provides banking services for about 40 percent of all Broadway shows.
"I'm very excited about bringing City National to the Atlanta business community," said Innes. "It's a bank that consistently delivers trusted financial advice and exemplary service along with world-class products, industry knowledge and technologies."
Innes reports to Holly Bell, an entertainment banker who heads City National's Nashville, Tenn. office, which opened in June.
For a photo of the Atlanta team: (http://www.cnb.com/images/photos/cnb-atlanta-group.jpg)
The new Atlanta office will provide all of City National's full-service capabilities to entertainment and music industry clients in Atlanta and throughout the Southeast. The address is 3333 Piedmont Road, 7th Floor, Suite 755, Atlanta, Georgia, 30305. The telephone number there is (404) 364-6540.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). Based in Los Angeles, City National is backed by $23.1 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, Nashville, Tenn., and Atlanta. The company and its investment affiliates manage or administer $55.6 billion in client investment assets, including nearly $34 billion under direct management.
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