Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

City National Bank goes a little bit country

June 9, 2011 | 12:29 pm

CNB

City National Corp. of Los Angeles, sometimes called the "bank to the stars" because of its Hollywood ties, is expanding its entertainment operations by opening a branch in Nashville, Tenn.

City National said it has hired former Wells Fargo & Co. banker Holly Bell, who has two decades of financial experience in Nashville, to manage the Music City office.

In a news release Wednesday, the bank said it already has many clients in the music industry.

"City National’s commitment to Nashville is strong, and this new office enhances our company’s position as the premier bank to America’s entertainment industry,” said City National Executive Vice President Martha Henderson, the manager of its entertainment division.

City National enters a crowded field of banks with entertainment divisions in Nashville. The (Nashville) Tennessean says at least a half dozen banks have dedicated music and entertainment divisions, a number that’s growing. Fifth Third Bank added an entertainment division last year. And SunTrust Bank — one of the leading banks in Nashville’s entertainment arena — expanded its staff last month.

RELATED:

City National takes over failed Las Vegas bank

Fed lending aided California banks of all types during crisis

Recent regulatory actions against banks and bankers

-- E. Scott Reckard

Photo: City National Bank branch at Fairfax and Wilshire avenues. Credit: Eduardo Aparicio via Flickr

Comments 

Advertisement










Video