LOS ANGELES – City National Bank today announced that Sar Kotoyan has joined the real estate division as a senior vice president and team leader in Los Angeles.
Kotoyan will be responsible for offering City National’s products and services to real estate industry professionals and he will oversee a team of relationship managers who primarily serve clients located in Los Angeles, Ventura and Santa Barbara counties. Kotoyan will work closely with all the bank’s commercial real estate clients, providing them with construction, permanent and bridge financings. He will report to Paige Serden, senior vice president and regional manager of the Real Estate Division at City National in Los Angeles.
“We are very excited to have Sar join our outstanding real estate team at City National,” said Serden. “Sar’s longstanding relationships with clients and prospects, his deep market knowledge and impeccable reputation make him a great addition to our team. We are increasingly pleased with the real estate opportunities we are finding in our core markets.”
Prior to joining City National, Kotoyan spent more than two decades involved in the real estate industry. He most recently served as director of originations at FundCore Finance Group and also worked at Western Community Bancshares and KeyBank Real Estate Capital.
Kotoyan earned a bachelor’s degree in business administration and a master’s degree in real estate development from the University of Southern California. He is a member of the Los Angeles Mortgage Association. Kotoyan serves on the Board of Trustees of the AGBU School in Canoga Park.
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE: CYN). It is backed by $24.0 billion in total assets, and provides banking, investment and trust services through 79 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Tenn., and Atlanta. The company and its investment affiliates manage or administer $57.8 billion in client investment assets, including $32.5 billion under direct management.