City National Bank, a California-based private and business bank, has opened its fifth full-service regional center in San Jose, Northern California. The new regional center includes the San Jose branch that City National recently acquired from Westamerica Bank. It is City National’s 55th branch in the state.
The San Jose branch offers a full range of small business services including business and consumer loans, cash management, deposit, international banking, and foreign exchange. City National is a preferred lender under the US small business administration and SBA Express programs.
Melanie Raley will be the vice president and branch manager. Most recently she served as manager of Citibank’s Blossom Hill branch in San Jose.
The San Jose regional center also features a commercial banking services office to serve middle-market companies, mid-sized businesses, nonprofit organizations and government entities. The center provides commercial loans, lines of credit, equipment leasing and a variety of other financial services to a range of businesses including agribusinesses, manufacturers, distributors and services companies.
David Walker will be the senior vice president and manager. Before joining City National in 2008, Mr Walker served as regional president of First Bank’s Bay Area commercial/middle market banking group.
In addition, City National plans to expand the regional center through a new private client services office to meet the private banking and wealth management needs of individuals, families, businesses and professional services firms in the Silicon Valley. It also plans to expand the existing treasury services deposits function to serve homeowners associations, property management firms, and title and escrow companies throughout Northern California.
Robert Brant, executive vice president and Northern California regional executive at City National Bank, said: “The new San Jose regional center expands City National’s ability to serve one of California’s most entrepreneurial regions. It gives us the ideal opportunity to offer our brand of highly tailored banking and wealth management solutions to entrepreneurs, professionals and small and mid-size businesses in San Jose and the Silicon Valley.”
