updated 12/7/2010 3:16:48 PM ET 2010-12-07T20:16:48

SAN JOSE, Calif., Dec. 7, 2010 (GLOBE NEWSWIRE) -- City National Bank today announced that it has hired Doug Stewart as a senior vice president and manager for its Commercial Banking Services (CBS) group in the South Bay/San Jose area. Stewart is a well-known banking professional who has worked in the financial services industry in San Jose for more than 20 years.

In his new capacity, Stewart will be responsible for developing new client relationships with mid-sized companies in the South Bay and San Jose area and matching their financial needs with solutions from City National.

Stewart will report to Arlene Gould, regional commercial banking manager for Northern California at City National Bank.

"We are very pleased to have Doug join our team ─ he shares our commitment to exceptional client service and is well-known in the San Jose area," said Robert Brant, executive vice president and Northern California regional executive for City National. "This further strengthens our plans for growth in one of our key markets – San Jose. Doug will help us serve the entrepreneurs, business owners and professionals who are our clients in San Jose."

City National Bank recently announced plans to open a second office in San Jose – its 11th branch in the Bay Area. The new office will be located at: 1 Almaden Boulevard, San Jose, California 95113.

City National now circles the Bay with three offices in San Francisco and one each in Burlingame, Palo Alto, Fremont, San Leandro, Oakland, San Jose and Walnut Creek. City National entered the Bay Area in 2000 and was recently ranked one of the top 10 Bay Area banks in terms of deposits.

Stewart was formerly a first vice president and alternate group manager of Comerica Bank in San Jose for more than 10 years. Prior to joining Comerica, Stewart served as a vice president for Bank of the West and a sales representative for SME Capital Management in Redwood City.

(For an image of Stewart, go to http://www.cnb.com/images/photos/Doug-Stewart.jpg  )

Stewart is a graduate of the University of California at Los Angeles and received a Master's Degree in Business Administration from the University of San Francisco.

About City National

City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $21.8 billion in total assets, and provides banking, investment and trust services through 74 offices, including 17 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. The company and its investment affiliates manage or administer $56.9 billion in client investment assets, including nearly $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
 

CONTACT:  City National Bank
          Media Contact:
          Debora Vrana
          213.673.7631
          Debora.vrana@cnb.com

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