Cal National Adds Juneau, Saraiya, Lombardo to Its Community Banking Group

LOS ANGELES--Stephanie Juneau, Anita Saraiya and Marni Lombardo are the latest additions to California National Bank's Community Banking Group.

Stephanie will serve as Regional Vice President of the group's Orange County team. This new team will deliver "best in class" business banking products and services including local lending authority through a regional office located at 1301 Dove Street in Newport Beach. Prior to joining Cal National, Juneau served as a Senior Relationship Manager for U.S. Bank in Orange County. Prior to U.S. Bank, she worked at Wells Fargo for 10 years in retail and commercial banking. Juneau graduated from Wells Fargo's credit management training program in San Francisco and holds a B.A. from the College of St. Catherine in St. Paul, Minnesota.

Anita has joined Cal National as a VP, Relationship Manager in the Newport Beach Regional Commercial Banking Office. She brings with her more than 15 years of experience from Union Bank of California in the commercial lending arena and graduated from the management training program in Los Angeles. In addition to lending, Anita was the Finance Director for a privately owned company for 3 1/2 years. A graduate of Cal State Northridge, she joins Cal National with a wealth of experience and enthusiasm.

Marni will serve as Loan Team Manager for the Los Angeles and Orange County commercial banking teams. With experience from Wells Fargo and Citicorp, Lombardo has served as Senior Relationship Manager for U.S. Bank in the Newport Beach office for the past 4 years. Lombardo graduated from the University of San Diego with a BS in Finance. She also graduated from Wells Fargo's credit management training program in San Francisco.

Todd Hollander, President of the Community Banking Group, comments, "All three of these professionals know the market and are skilled decision makers who share in the Bank's commitment to the customer and its core value of making a difference in the lives of others."

Cal National Bank, headquartered in downtown Los Angeles, is a $5.3 billion asset commercial bank specializing in commercial real estate, commercial and retail banking, and maintains 66 retail banking offices in Los Angeles, Orange and Ventura Counties.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.