City National Hires Zach Mayo as Regional Manager for Commercial Banking; Will Lead Commercial Banking Efforts in New York Area
NEW YORK – City National Bank, America’s Premier Private and Business Bank®, announced today that veteran business banker Zach Mayo has joined the firm as senior vice president and East Coast commercial banking manager in New York.
City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies.
Based out of City National’s Park Avenue office, Mayo will lead a team of commercial bankers, delivering City National’s customized financial solutions to mid-sized businesses in the New York region. Mayo and his team will provide clients with advice to help grow and expand their businesses while coordinating the delivery of a full complement of banking, credit and treasury management products.
“We are fortunate to bring aboard Zach Mayo to lead our commercial banking expansion in New York,” said Rod Banks, executive vice president of City National’s commercial banking services division. “Zach is well-known and is very active in the community. He will bring to our commercial clients the same strong expertise in relationship banking that City National is known for.”
Mayo has more than 30 years of financial services experience. Prior to joining City National, he served as a managing director and executive vice president with Citibank’s commercial banking division in New York. Mayo was responsible for the national middle-market business with commercial hubs throughout the U.S.
Mayo earned his bachelor’s degree from the University of Pennsylvania’s Wharton School of Business and his master’s from New York University. He is a member of numerous boards and has been honored by such organizations as Big Brothers Big Sisters of America; the Suffolk Y Jewish Community Center and the Community Development Corp. of New York.
“City National epitomizes the definition of a relationship bank that is truly client centric and has stayed that way throughout its 60-plus year history,” said Mayo. “I’m so pleased to join City National Bank and look forward to remaining true to the brand as we grow the commercial banking business.”
“I am also excited to be able to work closely with RBC Capital Markets, one of the top 10 investment banks in the U.S.,” he said.
RBC Capital Markets, the corporate and investment banking arm of the Royal Bank of Canada, provides a focused set of products, services and expertise to corporations, institutional investors and governments around the world. It has more than thirty offices across the U.S. and has more than 1,500 employees in New York City.
City National entered New York in 2002 primarily to serve entertainment and private banking clients and has grown to serve entrepreneurs and their families, nonprofits and professional services firms throughout the region, with two bank branches in Manhattan. It now has nearly 250 colleagues in New York, including its wealth management arm, City National Rochdale, which manages investment assets of more than $27 billion. In addition, City National has a strong Entertainment banking practice in New York, and currently banks nearly half of all Broadway shows, including “Beautiful: The Carole King Musical” and “Book of Mormon.” City National is also the official bank of the Tony Awards.
For an image of Mayo, go to: https://www.cnb.com/Style%20Library/Images/Zach_Mayo.jpg
About City National
With $41.2 billion in assets, City National Bank provides banking, investment and trust services through 74 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. In addition, the company and its investment affiliates manage or administer $55.7 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 36 other countries.
For more information about City National, visit the company’s website at cnb.com.
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