City National Bank

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City National Bank, headquartered in Beverly Hills, California, is owned by City National Corporation (NYSE: CYN) with total assets of $15.9 billion (at March 31, 2008). It was founded in 1954.

City National offers a full complement of banking, trust and investment services through 62 offices, including 15 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.

Contents

[edit] 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 industy clients. Deals with many exclusive and premier clients from various media: television, film, theater, arts.

[edit] Acquisitions

  • 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)

[edit] 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.

[edit] External links


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