City National Hires Robinson as CRA Manager; Former Head of Pasadena Development Corp. to Help Bank Identify and Meet Credit Needs of Communities It Serves.Business Editors LOS ANGELES--(BUSINESS WIRE)--Aug. 5, 2003 City National Bank, the second largest independent bank headquartered in California, announced today that Stephan E. Robinson, Sr., has joined the company as senior vice president and Community Reinvestment Act Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. (CRA) manager. Robinson, who most recently was the president and chief executive officer of the Pasadena Development Corporation (PDC), will be responsible for coordinating the bank's community reinvestment activities and help facilitate bankwide efforts to lend and invest in low- to moderate-income communities. As head of the PDC, Robinson provided loans, technical assistance and advice to small businesses in an effort to create and retain jobs for individuals in low- to moderate-income neighborhoods in Pasadena, Calif. Robinson was with the nonprofit economic development corporation for three years. Prior to that, he was director of community reinvestment with Life Bank in Riverside, and held top finance posts with the Riverside Community College In addition to the main campus located in downtown Riverside, there are also satellite campuses located in Moreno Valley, Norco, Ben Clark Public Safety Training Center, and the Rubidoux Annex in Rubidoux. District and Riverside County Federal Credit Union. Robinson served in the U.S. Army from 1985 to 1987 and was a finance officer with the U.S. Central Intelligence Agency for five years. He went on to serve as an associate national bank examiner with the U.S. Treasury Department from 1992 to 1994. Robinson holds a bachelor's degree from Columbia Union College Columbia Union College is a liberal arts college located in Takoma Park, Maryland, USA. It is affiliated with the Seventh-day Adventist Church. The interim president of the college is Gaspar Colon. The resident agent is The Corporation Trust, Inc., in Baltimore, MD. in Takoma Park, Md., and a master's degree in business administration from Averett College in Danville, Va. Raised in South Los Angeles South Los Angeles is the official name for a large geographic and cultural area lying to the southwest and southeast of downtown Los Angeles, California. The area was formerly called South Central Los Angeles, and is still sometimes called South Central. , he and his wife, Venessa, reside in Moreno Valley with their four children. About City National City National Corporation (NYSE NYSE See: New York Stock Exchange : CYN) is a financial services company with $12.4 billion in total assets. Its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , City National Bank, is the second largest independent bank headquartered in California. As California's Premier Private and Business Bank(R), City National provides banking, investment and trust services through 54 offices, including 12 full-service regional centers, in Southern California, the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay and New York City. The company has more than $26 billion in investment and trust assets under management or administration. For more information about City National, visit the company's Web site at cnb.com. |
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