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

Source: City National Bank

Article source: http://www.nasdaq.com/article/city-national-bank-hires-charlie-mcgann-and-deven-mays-as-senior-vice-presidents-of-real-estate-in--20121107-01131

SAN FRANCISCO–(BUSINESS WIRE)–Presidio Bank (OTCBB:PDOB), a Bay Area business bank, today announced
that it has hired Richard Cerf as Senior Vice President/Relationship
Manager in the San Francisco Regional Office.

“Richard’s banking expertise combined with his market knowledge make him
a great fit for Presidio Bank. We are thrilled that he has joined our
team as we continue to grow the bank.”

Richard brings with him 25 years of banking experience providing
businesses with financing and treasury management solutions. He joins
the Presidio Bank team from City National Bank where he was a
relationship manager for companies in the San Francisco area.
Previously, he was with Silicon Valley Bank.

Richard lives in Marin County with his wife and two daughters and serves
as the Board Treasurer for The Ritter Center, a San Rafael
not-for-profit organization. He is a graduate of UC Berkeley.

Steve Heitel, Presidio Bank President Chief Executive Officer stated,
“Richard’s banking expertise combined with his market knowledge make him
a great fit for Presidio Bank. We are thrilled that he has joined our
team as we continue to grow the bank.”

About Presidio Bank

Presidio Bank provides business banking services to small and mid-size
businesses, including professional service firms, real estate developers
and investors, and not-for-profit organizations, and to their owners who
desire personalized, responsive service with access to local decision
makers. Presidio Bank offers clients the resources of a large bank
combined with the personalized services of a neighborhood bank. Presidio
Bank is headquartered in San Francisco, California and currently
operates four banking offices in San Francisco, Walnut Creek, San Rafael
and Palo Alto. More information is available at www.presidiobank.com.
Presidio Bank is a member of FDIC and an Equal Housing Lender.

This press release contains certain forward-looking statements that
involve risk and uncertainties. These statements are identifiable by use
of the words “believe,” “expect,” “intend,” “anticipate,” “plan,”
“estimate,” “project,” or similar expressions. The risks and
uncertainties that may affect the operations, performance, development,
growth projections and results of Presidio Bank’s business include, but
are not limited to, the growth of the economy, interest rate movements,
timely development by Presidio Bank of technology enhancements for its
products and operating systems, the impact of competitive products,
services and pricing, client-based requirements, Congressional
legislation, changes in regulatory or generally accepted accounting
principles and similar matters. Readers are cautioned not to place undue
reliance on forward-looking statements which are subject to influence by
the named risk factors and unanticipated future events. Actual results,
accordingly, may differ materially from management expectations.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6783803lang=en

Article source: http://www.businesswire.com/news/home/20110706005522/en/Presidio-Bank-Adds-Client-Expertise

Luxury home prices rose in San Francisco, San Diego and Los Angeles in the fourth quarter compared with the third quarter, with the Bay Area having the best showing, according to the First Republic Bank Prestige Home Index.

San Francisco-based First Republic Bank (NYSE: FRC) produces the Prestige Home Index every quarter with Fiserv CSW Inc., (NASDAQ: FISV) a provider of automated property valuation services to the financial services industry.

In another sign of the rising confidence among the wealthy, City National Bank‘s (NYSE: CYN) Bay Area regional executive Robert Brant said this week that investors have a newfound appetite for risk, referencing one potential client focused a few weeks ago on investing in Treasuries coming due over several years now eager to put the money into stocks.

Bay Area real estate agents say buyers are returning to the luxury housing market with greater conviction to seal a deal.

“All of a sudden people have their confidence back,” said Wendy McPherson of Coldwell Banker in Woodside.

David Shepardson of Coldwell Banker in San Francisco said, “We’re off to a good start in 2011. It is shaping up to be a pretty strong year because of low inventory and the fact that there are quite a few buyers out there.”

But he also had a word of caution for home sellers too aggressive in their pricing.

“If the property is overpriced, it will sit there,” Shepardson said.

Olivia Decker of Decker Bullock Sotheby’s International in Mill Valley said the good sales pace from December through February bodes well for the traditionally strong spring selling season.

“The market is definitely much better,” Bullock said.

Mark Calvey covers banking and finance for the San Francisco Business Times.
Contact him at mcalvey@bizjournals.com or (415) 288-4950.
Read his blog postings at Bay Area BizTalk.

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Article source: http://www.bizjournals.com/sanfrancisco/news/2011/03/04/first-republic-real-estate-prices.html