City National Bank Names Rick Bechtel as Head of Mortgage & Residential Lending
May 07 2024 - 12:00PM
City National Bank announced today that Rick Bechtel has joined the
bank as executive vice president and head of mortgage &
residential lending. Bechtel brings with him more than 30 years of
experience in the residential lending industry with expertise in
building and optimizing mortgage, home equity and consumer lending
businesses. Bechtel will be based in Los Angeles, reporting to
David Cameron, executive vice president and head of consumer at
City National Bank.
Rick will be responsible for building and executing a
comprehensive mortgage strategy for the bank, leading its
residential lending sales, operations, capital markets and
servicing teams.
“At City National Bank, we know what an important role home
ownership plays in building generational wealth,” said Cameron.
“With Rick’s leadership we have an opportunity to further
strengthen and expand our mortgage and home equity capabilities and
ultimately better serve the home lending needs of our clients and
communities.”
“The City National Ladder Up Home Loan Grant is a prime example
of the sort of innovative thinking that attracted me to the bank,”
said Bechtel. “I have built my career around helping more people
achieve the dream of homeownership – it’s extremely rewarding work.
I am excited by the opportunity to lead City National’s effort to
expand their home lending capabilities to assist our clients,
colleagues and communities in achieving their financial goals.”
Rick is a board member at multiple fintech firms and industry
associations. He earned his Master of Business Administration from
Northwestern University’s Kellogg School of Management and his
Bachelor of Business Administration from the University of
Wisconsin-Madison.
For an image of Bechtel, click here.
About RBCRoyal Bank of Canada is a global
financial institution with a purpose-driven, principles-led
approach to delivering leading performance. Our success comes from
the 94,000+ employees who leverage their imaginations and insights
to bring our vision, values and strategy to life so we can help our
clients thrive and communities prosper. As Canada’s biggest bank
and one of the largest in the world, based on market
capitalization, we have a diversified business model with a focus
on innovation and providing exceptional experiences to our more
than 17 million clients in Canada, the U.S. and 27 other countries.
Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
About City NationalWith $93.72 billion in
assets, City National Bank provides banking, investment and trust
services through 64 branches, including 22 full-service regional
centers, in Southern California, the San Francisco Bay Area,
Nevada, New York City, Nashville, Atlanta, Washington, D.C., and
Miami.* In addition, the company and its investment affiliates
manage or administer $96.84 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.
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Media Contacts:Sierra
Wilson213-673-7682Sierra.wilson@cnb.com