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| City National Bank |
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Mission statement:
City National's mission is to provide the ultimate banking experience for successful entrepreneurs and professionals through an uncommon dedication to extraordinary service, proactive advice and total financial solutions. |
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Overview:
Los Angeles-based City National Corp. (NYSE: CYN) is the parent company of City National Bank. It offers a full complement of banking, trust and investment services through 79 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta.
Its 3,200 colleagues deliver highly personal service and complete financial solutions to entrepreneurs, professionals, their businesses and their families.
City National Bank was founded in 1954 to serve the entertainment and real estate industries, professionals and the growing business community in Southern California. Today, it has more than $24 billion in total assets and 79 offices in Southern California, the San Francisco Bay area, Nevada, New York City, Nashville, and Atlanta.
City National provides entrepreneurs, professionals, their businesses and their families with complete financial solutions on The way up®. Highly personalized client relationships, combined with a full range of sophisticated financial products - commercial lending, private banking and wealth management capabilities - plus the best talent in the financial industry distinguish City National from its competition.
City National approaches every relationship with the goal of becoming a trusted advisor. That means listening to clients and taking time to understand them, their businesses and their industries. It means offering honest advice and developing financial solutions that are tailored to their needs - both business and personal. |
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History:
2011
The company marks its 19th consecutive year of profitability.
City National opens its first offices in Nashville, Tenn., and Atlanta principally to better serve the music industry.
The company acquires substantially all of the deposits and assets of Las Vegas-based Nevada Commerce Bank in its fourth FDIC-assisted transaction.
City National opens its second office in New York City - this one in the heart of Times Square - and offices in the western Los Angeles communities of Brentwood and Pacific Palisades.
Barron's magazine recognizes City National as one of America's top wealth managers for the 11th consecutive year.
City National wins seven Excellence Awards for business banking from Greenwich Associates, a leading global financial services research and consulting firm.
2010
Revenue exceeds $1 billion for the first time.
City National acquires one of its long time business partners, Datafaction, a leading provider of accounting and imaging software for business managers, production companies and professional services firms.
City National acquires its second branch in San Jose, giving the bank a prime downtown location in the nation's 10th largest city.
City National acquires the banking operations of Las Vegas-based Sun West Bank and San Diego-based 1st Pacific Bank of California in FDIC-assisted transactions.
2009
City National acquires the banking operations of La Jolla, Calif.-based Imperial Capital Bank in an FDIC-assisted transaction.
The bank establishes a banking office in San Jose - its first in this attractive market - and opens its second branch in downtown San Francisco.
The company acquires Lee Munder Capital Group, a Boston-based investment firm that manages assets for corporations, pensions, endowments and affluent households, and merges it with Independence Investments.
The company designates City National Plaza in downtown Los Angeles as the headquarters for both the corporation and its wholly owned subsidiary, City National Bank.
2008
City National and the United States Department of Commerce's U.S. Commercial Service announce a partnership to boost exports from U.S. businesses and help simplify international trade, particularly for small- and medium-size businesses.
The bank opens its Manhattan Beach, Calif. banking office to better serve the Manhattan Beach-El Segundo business corridor.
City National's first solar power system - a 48-kilowatt rooftop solar array - goes online at its Inland Empire Regional Center in Riverside, Calif.. During its life span, the system will eliminate the release of more than 1,660 tons of carbon dioxide emissions - the environmental equivalent of more than 5.4 million vehicle miles not driven.
2007
City National acquires Business Bank of Nevada with seven offices in Las Vegas, North Las Vegas, Reno, Carson City and Minden, and moves past $15 billion in total assets.
City National acquires Convergent Wealth Advisors, which provides wealth management consulting services to ultra-high-net-worth individuals and families.
Bank Director magazine ranks City National No. 10 on its annual Bank Performance Scorecard, which lists the top 150 performing banks in the nation. It is City National's third consecutive year in the top 10.
2006
City National acquires Independence Investments, a 24-year-old investment firm that manages assets for foundations, endowments and pension plans.
City National introduces City National E-Deposit, allowing business clients to scan checks and electronically transmit the images to City National for deposit directly from their office.
2005
Christopher J. Warmuth is named president of City National Bank, succeeding George H. Benter, Jr., who stepped down after 13 years of service. Mr. Warmuth is only the sixth president in the bank's 52-year history.
The bank opens a new banking office in the Bunker Hill section of downtown Los Angeles; City National now has four banking offices from which to serve its downtown clients.
City National marks its 30th anniversary in Orange County, Calif., opening three new banking offices in Anaheim, Irvine and Newport Beach.
2004
The bank begins its move into the newly renamed City National Plaza in downtown Los Angeles; more than 800 colleagues will occupy 12 of the south tower's 52 stories.
City National marks its 50th anniversary in business, serving California entrepreneurs, their businesses and their families.
2003
The bank leases more than 300,000 square feet of office space in a landmark downtown Los Angeles property known for more than 30 years as ARCO Plaza; the property and its south tower will be renamed for City National.
City National climbs 40 positions in the "Forbes Super 500" to rank No. 460.
The company acquires Convergent Capital Management LLC, an asset management holding company.
City National's Walnut Creek and Palo Alto regional centers open.
City National Corp.'s market capitalization tops $3 billion for the first time.
2002
City National opens an office in New York - its first outside California.
City National cracks the "Forbes Super 500" list for the first time ever.
Reading Is The Way Up, City National's statewide literacy program, is launched with a $100,000 grant to support California public school libraries.
City National acquires Oakland-based Civic BanCorp, nearly doubling its assets in Northern California.
2001
City National launches new products including Online Cash Management, Online Foreign Exchange and Online Letters of Credit.
The company updates its brand identity with a new logo as the bank moves into a new century.
The company's total assets reach $10 billion; assets under management or administration exceed $18 billion.
2000
City National expands into Northern California with the purchase of The Pacific Bank. Banking offices are located in eight California counties, from San Diego to San Francisco.
1999
City National purchases American Pacific State Bank, doubling its presence in the San Fernando Valley.
City National launches Online Banking.
1998
City National acquires Harbor Bank of Long Beach and adds a 401(k) retirement services capability with the acquisition of San Diego's North American Trust Company.
1997
City National acquires Riverside National Bank, La Palma-based Frontier Bank and Ventura County National Bancorp.
1996
City National becomes the largest bank headquartered in Southern California.
1995
Russell Goldsmith is named Chairman and Chief Executive Officer.
The company makes its first major acquisition, the purchase of First Los Angeles Bank.
City National has 16 branches and $3.3 billion in total assets.
1990
City National begins trading on the New York Stock Exchange.
1981
The Trust Department manages almost $1 billion of trust assets for clients.
1979
The bank expands to San Diego County with the opening of its La Jolla office.
1978
City National's total assets top $1 billion for the first time.
1975
Bram Goldsmith is named Chairman of the Board and Chief Executive Officer.
City National expands into Orange County, Calif., with the opening of its Newport Beach office. New offices also are opened in Torrance and Encino.
1970
City National trades for the first time over-the-counter at $19.25 per share.
1967
City National opens its 24-story Pershing Square office - at the time, one of the tallest buildings in downtown Los Angeles.
The bank's offerings range from international, trust and investment services to the new all-purpose Master Charge.
1958
With assets of $66 million, City National ranks 409th among 14,000 U.S. banks.
1955
City National moves into its corporate headquarters at 400 North Roxbury Drive in Beverly Hills. In 2009, the company shifted its headquarters to City National Plaza in downtown Los Angeles.
Al Hart is appointed as President of the bank. Later, he would serve as Chairman of the Board and Chief Executive Officer.
1954
City National Bank opens for business on January 4. The new bank is committed to serving entrepreneurs, professionals, and the entertainment and real estate industries. |
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Asset Under Management:
Total assets: $24.0 billion
Total deposits: $20.8 billion
Total loans*: $12.7 billion
Assets under management: $32.5 billion
Assets under management or administration: $57.8 billion
(03/31/12) |
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| Toll Free:
+1 800 773 7100 |
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