City National Bank has hired Rick Bechtel as Executive Vice President of Mortgage & Residential Lending.
Bechtel will be based in Los Angeles, reporting to David Cameron, executive vice president and head of consumer at City National Bank.
“At City National Bank, we know what an important role home ownership plays in building generational wealth,” said Cameron. “With Rick’s leadership we have an opportunity to further strengthen and expand our mortgage and home equity capabilities and ultimately better serve the home lending needs of our clients and communities.”
Bechtel comes to City National with more than 30 years of experience in the residential lending industry. His expertise is in building and optimizing mortgage, home equity and consumer lending businesses.
Bechtel will be responsible for building and executing a comprehensive mortgage strategy for City National Bank, leading its residential lending sales, operations, capital markets and servicing teams.
“The City National Ladder Up Home Loan Grant is a prime example of the sort of innovative thinking that attracted me to the bank,” said Bechtel. “I have built my career around helping more people achieve the dream of homeownership – it’s extremely rewarding work. I am excited by the opportunity to lead City National’s effort to expand their home lending capabilities to assist our clients, colleagues and communities in achieving their financial goals.”
Bechtel earned his Master of Business Administration from Northwestern University’s Kellogg School of Management and his Bachelor of Business Administration from the University of Wisconsin-Madison. He serves on the boards of multiple fintech firms and industry associations.
