BNET Industries

City Bank

(CTBK) is in the Financial Services Industry

Market Cap:$27.9M
Last Fiscal Year Sales:$62.4M
  • Public
  • US
Dow Jones Description

This City was built on cold hard cash. Founded in 1973 and headquartered in Lynnwood, Washington, CityBank (NASDAQ (CM): CTBK) is a provider of retail and commercial banking services. The company offers checking and savings accounts, stocks, bonds, mutual funds, certificates of deposit, individual retirement accounts and safe deposit services. Its loan portfolio consists predominately of residential home construction loans. CityBank has annual revenue of about $67.3 million and employs approximately 150 people. Recently, the company announced its completeion of the sale of its Diligenz, Inc. subsidiary.

Chairman, President & CEO
Conrad Hanson
Number of Employees 151
Contact Information

14807 Hwy 99

Lynnwood, Washington 98037

www.citybank.co...

(425) 745-5933

NAICS Code Commercial Banking: 522110

Recent Events

  • Losses mount for City Bank

    10/31/09 - Financial Announcement - View Story

  • City Bank loses $22.8M in Q2

    8/04/09 - Financial Announcement - View Story

  • City Bank Signs Agreement with the FDIC and the State of Washington

    7/06/09 - Joint Venture / Alliance - View Story

News & Analysis

bank and city bank - All News and Analysis

Decision Makers

Name (plus bio) Position
Chantha Bunphoath CFO
Judith L. Muench CFO
Chris Sheehan Executive Vice President
James P. Carroll Executive Vice President
James S. Carroll Executive Vice President
Richard Rench Executive Vice President
Dan Coppin Senior Vice President, Info Technology
Jay Hiester Senior Vice President, Credit Services
Jean Schuett Senior Vice President, Operations
John Henderson Senior Vice President, Mortgage Lending
Kevin Hogan Senior Vice President
Belinda Faylona Vice President, HR
Bill Deposit Vice President, Central Services
Greg Noren Vice President, Marketing
Judy Spanovic Vice President, Operations
Robin Shepperd Assistant Vice President, Information Systems
Shari Ray Vice President, Loan Servicing
Jenny McKenny Managing Director
Eddy Ng

Board of Directors

Name (plus bio) Position
Conrad Hanson Chairman, President & CEO
John Kolodzie Board of Directors
Martin Heimbigner Board of Directors
Newman Conklin Board of Directors
R. Scott Hutchison Board of Directors
Richard J. Pahre Board of Directors
Thomas J. Jochums Board of Directors

Organization Position Status
CityBank Chairman, President & CEO Current

Organization Position Status
CityBank CFO Current

Organization Position Status
CityBank CFO Current

Organization Position Status
CityBank Executive Vice President Current

Organization Position Status
CityBank Executive Vice President Current
CityBank Board of Directors Current

Organization Position Status
CityBank Executive Vice President Current
CityBank Board of Directors Current

Organization Position Status
CityBank Executive Vice President Current

Organization Position Status
CityBank Senior Vice President, Info Technology Current

Organization Position Status
CityBank Senior Vice President, Credit Services Current

Organization Position Status
CityBank Senior Vice President, Operations Current

Organization Position Status
CityBank Senior Vice President, Mortgage Lending Current

Organization Position Status
CityBank Senior Vice President Current

Organization Position Status
CityBank Vice President, HR Current

Organization Position Status
CityBank Vice President, Central Services Current

Organization Position Status
CityBank Vice President, Marketing Current

Organization Position Status
CityBank Vice President, Operations Current

Organization Position Status
CityBank Assistant Vice President, Information Systems Current

Organization Position Status
CityBank Vice President, Loan Servicing Current

Organization Position Status
CityBank Managing Director Current

Eddy Ng has been appointed the Region II Director of the Hawaii Jaycees, and will be responsible for the oversight of all Jaycee chapters on Oahu. Ng has been charged with the task of increasing membership in the Hawaii Jaycees, a top priority for the group this year as decreed by its president, Jon Nishihara. Ng, a member and former president of the Hawaii Business Jaycees, was awarded the Masato Kamisato Memorial Award in 2001 for being the most outstanding chapter president in the state. Ng is currently a corporate business banker at City Bank in Honolulu.

Organization Position Status
Hawaiinews.Com Region II Director of the Hawaii Jaycees Current
CityBank Current

Mr. Kolodzie was employed at City Bank as Executive Vice President and director from 1981 to 1993. Mr. Kolodzie retired from the Bank in 1993 as an Executive Vice President but continues to serve as a director of the Bank.

Organization Position Status
CityBank Board of Directors Current

Mr. Heimbigner is a CPA and has been a partner in Tatum LLC, an executive services firm, since 2003 and served as Chief Accounting Officer of Demand Media, Inc., an Internet media an Internet media and domain name registrar company from May 2006 to December 2008. Prior to joining Tatum LLC, Mr. Heimbigner served as the Vice President and CFO of Airbiquity Inc., a wireless software company from 1999 to 2002. He previously worked at KPMG from 1981 to 1994 and Washington Energy, a NYSE listed public company located in Seattle from 1994 to 1997. Mr. Heimbigner recently was appointed lead independent director of the Bank.`

Organization Position Status
CityBank Board of Directors Current

Organization Position Status
CityBank Board of Directors Current

Mr. Hutchison has been an Attorney at Law with the firm Hutchison & Foster, Lynnwood, Washington since 1981, and has served as one of the Bank’s legal counsel for the past 26 years.

Organization Position Status
CityBank Board of Directors Current

Mr. Pahre is a CPA and effective December 31, 2002, a retired partner of Moss Adams LLP, a public accounting firm that provides services to a wide range of public and private clients. From February 1977 to December 2002, he served as an audit partner of Moss Adams LLP. Since February 2003 Mr. Pahre has served as a director of Eden Bioscience Corporation, a public company listed on the NASDAQ Stock Market (“NASDAQ”) located in Bothell, Washington. Since 1993, Mr. Pahre has served on the Board of Directors and as Treasurer (nonexecutive) of Seattle Goodwill.

Organization Position Status
CityBank Board of Directors Current

Mr. Jochums was employed at Marsh Global Surety Practice from 1971-2005, retiring as Managing Director and Chairman in May 2005.

Organization Position Status
CityBank Board of Directors Current
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     CTBK $1.77 +0.06 (3.51% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 140,477
Shares Outstanding 15.76M
Market Cap 27.9M
Year High 6.69
Year Low 1.31
Earnings Per Share -6.76
P/E Ratio -0.26
Dividend 0.60
Yield 33.90
IndustryTop Rated
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