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Company Information
Los Angeles-based City National Corporation (NYSE: CYN) is the parent company of City National Bank, California’s Premier Private and Business Bank®. It 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.
Its 3,000 colleagues deliver specialized and highly personal service and complete financial solutions to small- and mid-size businesses, as well as to affluent individuals, professionals and entrepreneurs.
| Consolidated Financial Highlights |
At 06/30/2008 |
At 06/30/2007 |
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| Total assets: |
$16.3 billion |
$15.8 billion |
| Total deposits: |
$11.9 billion |
$13.1 billion |
| Total loans: |
$12.2 billion |
$11.0 billion |
| Assets under management: |
$33.8 billion |
$35.9 billion |
Assets under management or administration:
|
$53.5 billion |
$57.3 billion |
|
| |
1H2008 |
1H2007 |
|
| Net income: |
$79.5 million |
$115.7 million |
| Net income/share, diluted: |
$1.64 |
$2.34 |
Noninterest income:
|
$161.3 million |
$139.6 million |
Acquisitions
- Convergent Wealth Advisors (2007)
- Business Bank Corporation (2007)
- Independence Investment LLC (2006)
- Convergent Capital Management (2003)
- Civic BanCorp (2002)
- Reed, Conner & Birdwell (2000)
- 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)
Fast Facts
- Founded by a small group of local entrepreneurs in 1954.
- 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.
- Expanded to Nevada in 2007 with the acquisition of Business Bank Corp.
- 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 seven years in a row (2001-2007).
- Ranked for three consecutive years by Bank Director magazine as one of the top 10 performing banks in the nation (2005-2007).
Products & Services
- Commercial Banking Services
- Private Client Services
- Business Trust and Investments
- Services for Professional Firms
- International Banking Services
- Entertainment Industry Services
- Cash Management Services
- Online Services
Media Contacts
Cary Walker, (213) 673-7615
cary.walker@cnb.com
Linda Mueller, (213) 673-7619
linda.mueller@cnb.com
David Garcia, (213) 673-7610
david.garcia@cnb.com
Debora Vrana, (213) 673-7631
debora.vrana@cnb.com
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