#United States #Los Angeles #City National Bank #Joe Yurosek #Commercial Banking

Joe Yurosek Joins City National Bank

City National Bank has officially welcomed Joe Yurosek as the new president of Commercial Banking. This strategic appointment showcases the bank's commitment to enhancing its services for middle market and corporate clients needing sophisticated financial solutions. With over 30 years in the financial sector, Yurosek is well-equipped to lead the bank's multiple business lines, including commercial and corporate banking, capital markets, and commercial real estate.

A Track Record of Success

Before joining City National Bank, Yurosek held a prominent role as Regional President for Western Markets at Fifth Third Bank. In this capacity, he was instrumental in driving the bank's middle market expansion in key states such as California and Texas. His extensive experience led him to oversee various sectors, including commercial banking and asset management, showcasing his diverse skill set and leadership capabilities.

Howard Hammond, the CEO of City National Bank, expressed confidence in Yurosek's abilities, stating, "Joe is a dynamic leader with an unmatched understanding of commercial banking and a strong commitment to ensuring clients are successful." His expertise is expected to significantly influence the bank's growth strategy and foster the necessary resources for local businesses in their growth journeys.

In taking on his new role, Yurosek expressed optimism about strengthening client relationships and working closely with the talented team at City National. He is excited about the potential to deliver outstanding financial solutions tailored to the needs of their clients.

Commitment to Community

Yurosek's service extends beyond banking; he is dedicated to community involvement. He has served on the board of directors for the Boys & Girls Clubs of Central Orange Coast and held a position on the Advisory Board for the Center for Business Growth. His community engagement is an essential aspect that aligns with City National Bank's overarching commitment to empowering the communities it serves.

An Impressive Background

Joe Yurosek's rich career history includes building Fifth Third's presence in California, where he established multiple regional offices across major cities such as Orange County and San Francisco. His experience also encompasses leadership roles at Comerica Bank, further cementing his status as a seasoned expert in commercial banking. Yurosek’s academic qualifications include a Bachelor’s Degree in Accounting and Finance from California Polytechnic State University and an MBA in Finance from the University of Southern California.

City National Bank Overview

Founded in 1954, City National Bank has grown to become the largest bank headquartered in Los Angeles, boasting $90 billion in assets as of January 2025. The bank specializes in personalized banking, investment services, and trust services across various U.S. markets including major cities like New York and Washington D.C. In addition to banking services, City National, a subsidiary of the Royal Bank of Canada, manages $103 billion in client investment assets and remains committed to community services, donating nearly $10 million to charitable initiatives in 2024 alone.

As Yurosek embarks on this new chapter with City National Bank, the industry watches with interest, anticipating the fresh insights and strategies he will bring to commercial banking. With a focus on client success and community involvement, this appointment not only represents a leadership shift but also a renewed commitment to fulfilling the banking needs of businesses in the modern landscape.