City National Bank (California)

City National Bank (California)
City National Bank (California) logo.png
City National footprint (New York City in the upper right hand corner)

City National Bank is an American financial institution headquartered in Los Angeles, California, owned by City National Corporation (NYSECYN), with total assets of $21.8 billion (as of September 30, 2010). As of 2011, it is the 25th largest bank in USA. It was founded in 1954.

Media reports have claimed the bank is nicknamed "Bank to the stars" due to its connection with Los Angeles.[1]

City National offers a full complement of banking, trust and investment services through 76 offices, including 17 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. After the closure or merger of many Los Angeles banks, it has become the largest bank headquartered in the Greater Los Angeles Area. It also acts as a processing bank, providing back office services such as checking account processing and check clearance services for smaller local banks that do not do their own processing.

City National Bank is a national bank, regulated by the Office of the Comptroller of the Currency, Department of the Treasury. City National Bank should not be confused with the former Cleveland-based National City Bank, or First National City Bank, the former name of Citibank.

Contents

History

  • Founded by a small group of Beverly Hills entrepreneurs in 1954 (one being Irving Klein).
  • Expanded to Northern California in 2000 with the purchase of The Pacific Bank, followed by the acquisition of Oakland-based Civic BanCorp in 2002.
  • Opened an office in New York City in 2002 to serve California clients who do business on both coasts and prospective clients in Manhattan.
  • Ranked among America's top companies by sales, profits, assets and market value in Forbes magazine's "Super 500" list (2002 and 2003).
  • Recognized by Barron's as one of America's top wealth managers five years in a row (2001 - 2005).
  • Has an established relationship with many entertainment industry clients. Deals with many exclusive and premier clients from various media: television, film, theater, arts.

In mid-2011, the bank opened a branch in Nashville, Tennessee to maintain "position as the premier bank to America’s entertainment industry.” [2]

Acquisitions

  • Sun West Bank (2010)
  • 1st Pacific Bank (2010)
  • Imperial Capital Bank (2009)
  • Lee Munder Capital Group (2009)
  • Convergent Wealth Advisors (2007)
  • Business Bank of Nevada (2006)
  • Convergent Capital Management, LLC (2003)
  • Civic BanCorp (2001)
  • People's Bank of California (2001)
  • Reed, Conner & Birdwell (2001)
  • The Pacific Bank (2000)
  • American Pacific State Bank (1999)
  • North American Trust Company (1998)
  • Harbor Bank (1998)
  • Riverside National Bank (1997)
  • Frontier Bank (1997)
  • Ventura County National Bank (1997)
  • First Los Angeles Bank (1995)

Trivia

  • In 1963, when Frank Sinatra's son was kidnapped, the bank put up the $240,000 in ransom money. A movie called Stealing Sinatra was made about the incident.
  1. ^ City National Bank goes a little bit country, Los Angeles TImes, 9 June 2011
  2. ^ City National Bank goes a little bit country, Los Angeles TImes, 9 June 2011

External links


Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • City National Bank — can refer to: Banks Bank One Corporation, originally chartered as City National Bank of Ohio City National Bank (California), a bank headquartered in Los Angeles, California City National Bank (New Jersey), a bank headquartered in Newark, New… …   Wikipedia

  • City National Bank (New Jersey) — Not to be confused with City National Bank (California), which has a single branch in this bank s service area. City National Bank Type Public (OTC Markets Group: CYNBP) …   Wikipedia

  • City National Plaza — Paul Hastings and City National Towers Alternative names ARCO Center ARCO Plaza ARCO Plaza North Tower ARCO Plaza South Tower Atlantic Richfield Towers Bank of America Tower …   Wikipedia

  • City National Grove of Anaheim — The Grove of Anaheim. The City National Grove of Anaheim is an indoor, live music venue in Anaheim, California operated by Nederlander Concerts of Los Angeles. Its approximate capacity is 1,700. Less than two miles from the Disneyland Resort, the …   Wikipedia

  • National Bank of Whittier Building — U.S. National Register of Historic Places …   Wikipedia

  • National Bank of Rolla Building — U.S. National Register of Historic Places …   Wikipedia

  • National Bank of Commerce Building (Kansas City, Missouri) — National Bank of Commerce Building U.S. National Register of Historic Places …   Wikipedia

  • National Bank of Canada — This article is about a commercial bank. For Canada s central bank, see Bank of Canada. National Bank of Canada Banque Nationale du Canada Type Public company Traded …   Wikipedia

  • Citizens & Southern National Bank — Citizens and Southern National Bank (C S) began as a Georgia institution that expanded into South Carolina, Florida and into other states via mergers. C S became part of NationsBank (formerly North Carolina National Bank) in 1991 when NationsBank …   Wikipedia

  • First National Bank of Omaha — Infobox Company company name = First National Bank of Omaha company company type = Private foundation = Omaha, Nebraska December 10, 1857 (as Kountze Brothers Bank); July 1, 1865 (First National Bank of Omaha) location = flagicon|USA Omaha,… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”