Bank on it: Local branch of City National features female powerhouses

Tagged:  
Issue: 
March 2012

There's an advertisement making the rounds in local publications that contains a photo of four women posing among a guitar, microphone and road cases used to transport musical equipment. At first glance, one might think this stylish foursome is promoting their new album or an upcoming show. But while it is true that Holly Bell, Mandy Gallagher, Diane Pearson and Lori Badgett frequent Douglas Corner, The Bluebird Cafe and the Grand Ole Opry, they're not the onstage talent--they're the talent's bankers. 

Their jobs at City National Bank involve much more than crunching numbers--they even get to go to the Grammys! "I've been backstage at the Opry with clients making their first appearance, and I'm the one crying like a baby," says Pearson, senior relationship manager in the entertainment division at City National Bank. 

"You can meet with someone and open accounts with them all day long," says Badgett, the other senior relationship manager at the newly established (the local office opened last year) Music Row bank. "But until you see what they do, you don't get it." 

Badgett and her colleagues also often have to decide whether they think potential clients will make it in the business. Armed with demo CDs, gut feelings and the ability to recognize when a songwriter or artists is linked with the right industry players, they determine whether it's safe to loan money to a starving musician with bad credit. 

"One we see a team [managers, lawyers, etc.] develop around an artist, there's going to be a certain level of success," Badgett says. "Even if that artist's credit is beat up from the past, when they have a business manager and a new revenue stream, it's a new day, and we look at it that way."

Though entertainment divisions at other financial institutions do the same, one could argue that City National--due to a stories history that began decades before it opened its Nashville doors--understands the entertainment industry's needs better than most. Launches in 1954 by a group of Beverly Hills entrepreneurs, City National quickly solidified its position as "The Bank to the Stars". In the 1960s, the bank advanced Frank Sinatra the ransom money to free his kidnapped son, and in the 80s, it delivered the financing for Oscar-winning films The Silence of the Lambs and Driving Miss Daisy. Today, City National's entertainment industry clients include artists, songwriters, labels, publishers, producers, talent agencies and trade groups. In addition to its large California presence and its budding Nashville one, the bank has offices in New York City, Nevada, and most recently, Atlanta. 

"In New York and L.A., City National's clients really are a 'Who's Who' of the significant pop and rock artists," Badgett says. "We're going after the Nashville market, which reflects, generally speaking, about 60 percent country, 20 percent Christian and then 20 percent rock, pop and other." 

Although City National long toyed with the idea of coming to Nashville, the institution ultimately ventured into this market because of Bell's initiative. In 2008, Bell, who then led a Nashville team of private bankers at Wells Fargo, noticed that her clients' needs weren't being met. So, the Indiana farm girl--who majored in Agricultural Economics at Purdue and initially aspired to be on the floor of the Chicago Board of trade--set out to find a bank committed to consistently satisfying client demands. She contacted Martha Henderson, longtime head of City National's entertainment division, and created a business plan, which she submitted to City National's board. By early 2011, she began assembling a team. 

"I made a list of who I wanted on my team, and Diane and Lori were at the top of that list," says Bell, now senior vice president of entertainment and manager of City National's Nashville and Atlanta offices. For Badgett and Pearson, who'd been with Nashville's SunTrust entertainment division for 15 and 20 years, respectively, the decision to join City National wasn't an easy one. After all, Badgett, a mother of two who grew up in Nashville, went through SunTrust's management training program right out of college at the University of Tennessee. And Pearson, a Kentucky native who moved to Nashville in high school, joined SunTrust on a part time basis while attending college. (Gallagher, the fourth woman in the aforementioned photo, is a junior relationship manager who also came from SunTrust.)

Today, Badgett and Pearson couldn't be happier. They, along with Bell, say they feel blessed to be a part of Nashville's tight-knit music community. Additionally, they're pleased to be affiliated with a bank that allows them to place their clients' needs first, even if that means accepting calls 24/7. 

"If you need something, you call your banker on her personal cell phone, and we take care of it," Pearson says. "We send cash by courier or we deliver it ourselves." 

The bottom line, they say, is they get to help people reach for the stars. And that's worth every penny. 

Comments

prianku's picture

Nostalgische keukens - Bent op zoek naar mooie, nostalgische keukens? Echt nostalgische keukens zoals ze vroeger waren? U bent bij ons aan het goede adres.

ash85's picture

I had never heard of her, and now I'm a big fan. I'm reading the imperfection book now....thank you for sharing this!local business
small business
top business

Cooper12's picture

It is very solid to do whatever thing in the UK devoid of a bank account. not including a bank account, the very simplest of tasks be converted into very problematical. http://www.xjeem.com/category/jobs/banking-jobs/

SHAKIB's picture

I just want to say that you have done a great work here manual directory submission service . Thanks for sharing that.You actually make it appear so easy with your performance but I find this affair to be actually something which I think I would never comprehend.It seems too complex and extremely broad for me. I'm looking forward for your next post, seo firm I’ll try to get the hang of it!

SHAKIB's picture

Encino Garage Door Repair There are so multiple comments here that are really attractive and conducive to me thanks for sharing a link especially for sharing this blog.

dollyjee's picture

I'm impressed by the details that you have on this website. It reveals how nicely you understand this subject.Debt consolidation calculator

areeshay222's picture

Thanks for sharing amazing article. i am very glad to your work. you give me nice and helpful information keep it up. keep it good posting. i wait your next post. visit signage Dubai provide cheap solution Indoor Signage and give other signs solution
help spss

sharon199's picture

Awesome information. I am really surprised with this topic. Keep up the good work and post more here to read.
french to english translation services

tompal's picture

This is amazing! Just think about all the people you get to meet and chat with! I wish I too could have a job like yours. In fact, I am a good people's person. I am in search of a job right now. Could you please tell me whether there is a job vacancy or not?more here

abiyramanado's picture

The Bank Job is a thoroughly entertaining India heist thriller. jobs opportunities inside financial in the united states. Any medium-size traditional bank generally engages only three-dozen people. job in bank

avishka's picture

This post shows the power of women. I am very impressed with Pearson. He is serious about his job. I am happy after seeing his statement : "We send cash by courier or we deliver it ourselves."

Regards,
Offshore Bank Accounts

rdokoye's picture

I'm all for these kinds of developments, providing they're done from a good place, rather than to spite menfolk. - R Dobson

Global Everbank Review:National City Bank, all of us regarding co-worker offers dedicated and intensely personal services in order for enterprises, authorities, their particular companies and their own families. Idealistic relationships place unit plenty of necessary in comparison with studies. Final results place unit plenty of necessary in comparison to strut. Toil and commitment place unit paid. They desire the actual sweetest folks functioning generally there that will place unit rapidly and economically. These are accomplishing certainly not fee dangerous charges or keep something undetectable. You do not need in order to remain at the rear of those preposterous bullet proof cup rebuke those golem tellers, Planet Health Firm sounds like there're constantly using a potent day.

I am regular visitor, how are you everybody? This post posted at this web page is truly pleasant. Here you can also buy youtube views.

These are really impressive ideas in on the topic of blogging. You have touched some good factors here. Any way keep up wrinting. Here you can also buy youtube views cheap.

Truly when someone doesn't be aware of then its up to other viewers that they will help, so here it happens. Here you can also find parcel delivery uk.

Paragraph writing is also a fun, if you be acquainted with then you can write or else it is complicated to write. Here you can also find personal stylist.

Her Well Being: Stories of Health, Survival, and Livin' It Up Her Style

A Good Sport
February is American Heart Month, a time to raise awareness for the leading cause of death in American women: heart disease. And perhaps no one will be sporting her red more proudly than 20-year-old Nashvillian Nykia Babb.

To read this and other Her Well-Being stories, click here.
Real Estate: Home Video Tours
Searching for a new home? Her Nashville is excited to partner with HouseLens.com, offering buyers easy-to-view video tours of Middle Tennessee's hottest homes.

3127 Aidan Ln, Mt Juliet TN 37
Price: $0
Bedrooms/Bathrooms: 0/0

1 Broad Street Amenities, Stamford CT 06
Price: $0
Bedrooms/Bathrooms: 0/0

View More Homes

Mailing list sign-up

Copyright © 2009 Her Nashville