LOS ANGELES, Nov. 7, 2012 (GLOBE NEWSWIRE) -- City National Bank today announced that real estate veterans Charlie McGann and Deven Mays have joined the real estate team in the Bay Area.
McGann is a senior vice president and regional manager of Northern California real estate for the bank, focusing on lending to developers and investors in the region. McGann will work closely with the bank's commercial real estate clients, including home builders and commercial real estate developers, providing them with construction, bridge and permanent financings. McGann will report to Mark Forbes, executive vice president and manager of the Real Estate Division at City National.
"We are pleased to have such veteran real estate bankers join our team in the Bay Area," said Forbes, who noted that for the third quarter, City National's average balances for commercial real estate loans were up 27 percent from the previous year. "We are seeing much opportunity in many sectors of the real estate market, and the Bay Area is clearly leading the industry's recovery in California."
With more than 15 years of industry experience, Deven Mays is a senior vice president for real estate in the Bay Area and he reports to McGann. He was a senior vice president and team leader of real estate with Wells Fargo's real estate division and formerly with Greater Bay Bancorp., which was acquired by Wells. Mays received his bachelor's degree from California State University at San Jose and attended graduate school at the University of Southern California. Mays is active in his local community having served as traffic coordinator for the City of Orinda and as a youth soccer coach.
Prior to joining City National, McGann has spent nearly two decades involved in the real estate industry. He most recently served as regional manager of real estate for Union Bank and before that was with Carr Capital Corp., in Washington, D.C., and with Montgomery Securities in San Francisco. McGann earned his bachelor's degree from Trinity College and his master's degree in finance from the University of California at Berkeley.
(For an image of McGann: https://www.cnb.com/PublishingImages/Charlie-McGann.jpg)
(For an image of Mays: https://www.cnb.com/PublishingImages/Deven-Mays.jpg)
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $26.3 billion in total assets, and provides banking, investment and trust services through 78 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. The company and its investment affiliates manage or administer $56.7 billion in client investment assets, including $38.0 billion under direct management.
The City National Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3143
CONTACT: Media Contact: Debora Vrana, City National Bank, 213.673.7631 Debora.Vrana@cnb.com