City National Bank Expands into the Carolinas
Los Angeles-based City National Bank is making significant strides in the Southeast, unveiling new offices in two dynamic cities: Charlotte and Greenville. This strategic move illustrates the bank's commitment to meeting the growing demands of its clients while tapping into local talent and expertise.
New Office Openings
The recent expansion includes over 28,000 square feet of office space—23,000 square feet in Charlotte and 5,700 square feet in Greenville. These locations serve as centers for the bank's Commercial Banking division, emphasizing its dedication to middle-market businesses that are pivotal to the region's economic landscape.
Supporting Local Growth
With nearly 120 employees stationed in these new offices, City National is poised to significantly enhance its service capabilities. Under the leadership of Charlie Arndt, executive vice president for the Middle Market Southeast Region, the team is well-equipped to cater to the needs of local businesses in this thriving area.
Charlie Arndt's Vision
Arndt brings over thirty years of experience in Commercial Banking to his role. He will be instrumental in navigating the evolving financial landscape of the Carolinas and is dedicated to promoting the bank's high-touch service approach, which has long been a hallmark of City National's philosophy.
A Commitment to Community
City National’s president and CEO, Howard Hammond, expressed enthusiasm for the new offices, stating that they not only symbolize growth but also reflect a commitment to the communities they serve. The leadership aims to create an environment where clients and colleagues feel valued and supported.
Expanding Workforce
In line with its growth strategy, City National is actively hiring across its Middle Market Banking division and other areas. This continuous influx of talent showcases the bank's ongoing commitment to investing in skilled professionals who can drive local success.
About City National Bank
City National Bank, a member of the FDIC and a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with approximately $98 billion in assets. Established in 1954, the bank specializes in various sectors including Wealth Management, Private Banking, and Entertainment Banking, and it operates throughout multiple states including the Carolinas, where it intends to expand its footprint.
The bank proudly manages and administers around $109 billion in client assets and is dedicated to community development. In the past year, City National contributed nearly $10 million to local nonprofits, underscoring its commitment to strengthening the communities it serves.
Frequently Asked Questions
What new offices has City National Bank opened?
City National Bank has opened new offices in Charlotte, North Carolina, and Greenville, South Carolina.
Who is leading the new Commercial Banking team?
Charlie Arndt, executive vice president, leads the new Commercial Banking team in the Carolinas.
What is the focus of City National's expansion?
The expansion focuses on meeting the demand from middle-market businesses in rapidly growing regions.
How many employees are based in the new offices?
Approximately 120 employees will be working from the new offices in Charlotte and Greenville.
What is City National's commitment to the community?
City National is committed to community development, having contributed nearly $10 million to local nonprofits in the last year alone.
