David Lawrence is to head the private banking group. Joining him from San Francisco-based Unionbancal are Peggy Fahnestock, Carla Furuno-Choy, and Teni Karakas Sarkisian; between them the four have 70 years of banking experience.

The $8 billion-asset City National, which already has private banking operations in Southern California, said the new group will offer high-net-worth clients lines of credit, specialized checking accounts, mortgage loans, and investment products.

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