LOS ANGELES, Jan. 30, 2023 (GLOBE NEWSWIRE) — City National Bank today announced that David Cameron has been promoted to executive vice president of Personal & Business Banking, responsible for overseeing the bank’s support for individuals, organizations and small and medium-sized businesses companies with annual revenues below $40 million. Cameron joined the bank’s Executive Board and reports directly to Rich Rafetto, President of City National. Scott Witter, the company’s former executive vice president of Personal & Business Banking and East Coast executive, has retired after 15 years of service.
“City National was founded almost 70 years ago to support entrepreneurs and their businesses, and no one understands the needs of business owners like David,” said Kelly Coffey, CEO of City National. “David has been instrumental in leading City National’s efforts to help individual and business clients navigate this uncertain economic environment. He is an outstanding leader who is incredibly well suited to lead personal and business banking for many years to come.”
Cameron joined City National in 2005 as an Associate Business Development Officer. In 2016, he was promoted to head of Personal & Business Banking, serving companies with less than $40 million in annual revenue. Under his leadership, City National has become one of the top lenders in the country for Small Business Administration 504 loans that help small businesses purchase and refinance their own buildings. Cameron also led his team through the Payroll Protection Program (PPP) and enabled Personal & Business Banking to secure more than 11,600 PPP loans for clients exceeding $2.1 billion.
Cameron also serves on the boards of the Aquarium of the Pacific and BizFed, a diverse grassroots alliance that advocates for policies and projects that strengthen the Los Angeles regional economy. In 2019, Cameron was named to the Los Angeles Business Journal’s annual “Most Influential Lenders in Los Angeles County” list.
“I want to thank Scott for everything he has done for City National during his 15 years with the bank,” Coffey said. “He was instrumental in the development of our branch network and we were fortunate to have his guidance as we managed the complexities of the pandemic, including prioritizing the health and safety of our branch colleagues, supporting our customers and navigating the Payroll Protection Program.”
Witter’s banking career spanned more than 40 years. He joined City National in 2008 as manager of the private banking team in Los Angeles. He then spent two years in New York as East Coast Private Banking Manager before becoming Executive Vice President of Personal and Business Banking in 2016. Witter also serves on the Board of Directors of the Pacific Coast Banking School, Los Angeles Economic Development Corporation and the Yosemite Conservancy.
“David is an excellent choice for this role and he is well-equipped to succeed Scott as our Head of Personal and Business Banking. I am pleased to welcome David to our Executive Board and know his perspective will be invaluable,” said Rafetto. “I also want to thank Scott for his tremendous contribution. He truly cares about our colleagues and has played a significant role in the success of City National during his tenure. I wish him a very happy retirement.”
Cameron will work from the company’s headquarters in Los Angeles. The transition will take effect on February 3.
For a photo of Witter, please visit https://www.cnb.com/content/dam/cnb/people/w/scott-witter/scott-witter-environmental-pr-January-2023.jpg
For a photo of Cameron, please visit https://www.cnb.com/content/dam/cnb/people/c/david-cameron/david-cameron-pr-January-2023.jpg
About City National
With $95.3 billion in assets, City National Bank provides banking, investment and trust services through 67 branches, including 22 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York, Nashville, Atlanta, Washington, DC and Miami.* In addition, the company and its investment affiliates manage or administer $83.6 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of the world’s leading diversified financial services companies. RBC serves more than 17 million personal, business, public sector and institutional clients through offices in Canada, the United States and 27 other countries.
For more information about City National, visit the company’s website at cnb.com.
*City National Bank does business in Miami and the state of Florida as CN Bank.
Media contact:
Michele Ashley, [email protected]
(650) 274.9333