Company History

Open for Business

1954


City National's model of relationship banking is as old as the bank, which opened for business on January 4.
Open for Business

1955


City National moves into the building that would serve as its corporate headquarters for more than a half century - 400 North Roxbury Drive in Beverly Hills.
Gen. Omar Bradley broke ground

1957


Gen. Omar Bradley (center), a member of City National's Board of Directors, breaks ground for the growing bank's newest office, along with Bram Goldsmith, Director Ben Maltz and President Al Hart (third, fourth and fifth from left).
City National ranks 409th among 14,000 U.S. banks.

1958


With assets topping $66 million, City National ranks No. 409 among the nation's 14,000 banks..
Frank Sinatra and Rosalina Russell join Al Hart

1967


Long-time friends Frank Sinatra and Rosalind Russell join Al Hart (second from left) in opening City National's new 24-story building, one of the tallest in downtown Los Angeles at that time.


The bank's offerings now include international, trust and investment services, as well as the new all-purpose Master Charge.

City National stock trades for the first time.

1970


City National Corporation stock is traded over-the-counter for the first time at a bid price of $19.25 per share.

 

Bram Goldsmith

1975


Bram Goldsmith is named Chairman of the Board and Chief Executive Officer of the bank.

City National expands into Orange County, Calif., with the opening of its Newport Beach office. New banking offices also are opened in Torrance and Encino.

 

1978


City National's total assets top $1 billion for the first time.

 

The bank expands to San Diego County with the opening of its La Jolla office.

1979


The bank expands to San Diego County with the opening of its La Jolla office.

 

1981


The Trust Department administers almost $1 billion of client assets.

 

City National begins trading on the New York Stock Exchange

1990


City National begins trading on the New York Stock Exchange under the symbol "CYN."

 

Russell Goldsmith is named Chairman and Chief Executive Officer of the bank

1995


Russell Goldsmith is named Chairman and Chief Executive Officer of the bank.

The company completes its first major acquisition, the purchase of First Los Angeles Bank.

 

City National Bank becomes the largest independent bank headquartered in Southern California.

1996


City National Bank becomes the largest independent bank headquartered in Southern California.

 

City National continues to expand its Southern California market presence, acquiring Riverside National Bank, Ventura County National Bank and Frontier Bank in Orange County.

1997


City National continues to expand its Southern California market presence, acquiring Riverside National Bank, Ventura County National Bank and Frontier Bank in Orange County.

 

City National acquires Harbor Bank of Long Beach.

1998


City National acquires Harbor Bank of Long Beach.

The bank's trust and investment assets under administration surpass $10 billion for the first time.

 

The company purchases American Pacific State Bank, doubling its presence in the San Fernando Valley.

1999


The company purchases American Pacific State Bank, doubling its presence in the San Fernando Valley.

City National launches Online Banking. The next year, Online Brokerage is introduced, followed by Online Cash Management, Online Foreign Exchange and Online Letters of Credit in 2001.

 

City National expands into Northern California

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.

 

Moving into a new century, the company updates its brand identity with a new logo.

2001


Moving into a new century, the company updates its brand identity with a new logo.

The company's total assets reach $10 billion; assets under management or administration exceed $18 billion.

City National's market capitalization tops $2 billion for the first time.

 

The bank opens an office in New York - its first outside California.

2002


The bank opens an office in New York - its first outside California.

In support of the communities it serves, City National launches its Reading is The way up® literacy program with a $100,000 grant to support public school libraries.

City National acquires Oakland-based Civic BanCorp, nearly doubling its assets in Northern California.

 

The bank deepens its commitment to and presence in Los Angeles, leasing 310,000 square feet in a landmark downtown property to be renamed City National Plaza.

2003


The bank deepens its commitment to and presence in Los Angeles, leasing 310,000 square feet in a landmark downtown property to be renamed City National Plaza.

City National's Walnut Creek and Palo Alto regional centers open.

The company's market capitalization tops $3 billion for the first time.

 

Christopher J. Warmuth is named President of City National Bank - only the sixth president in the bank's 52-year history.

2005


Christopher J. Warmuth is named President of City National Bank - only the sixth president in the bank's 52-year history.

 

City National E-Deposit is introduced, allowing business clients to scan checks and electronically transmit the images to City National for deposit directly from their office.

2006


City National E-Deposit is introduced, allowing business clients to scan checks and electronically transmit the images to City National for deposit directly from their office.

 

2007


City National acquires Business Bank of Nevada 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.

 

partnership to boost exports from U.S. businesses and help simplify international trade

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.

 

City National acquires the banking operations of La Jolla, Calif. - based Imperial Capital Bank in the first of four FDIC - assisted transactions.

2009


City National acquires the banking operations of La Jolla, Calif. - based Imperial Capital Bank in the first of four FDIC - assisted transactions.

The bank establishes a banking office in San Jose - its first in this attractive market.

 

Datafaction

2010


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 opens its first offices in Nashville and Atlanta, principally to better serve the music industry

2011


City National opens its first offices in Nashville and Atlanta, principally to better serve the music industry.

 

City National Mobile

2012


The bank introduces City National Mobile, a free service that allows Online Banking clients to manage their accounts and make deposits on the go.

City National makes two important acquisitions: Rochdale Investment Management, which merged with City National Asset Management to form City National Rochdale®, and First American Equipment Finance.

 

City National opens its first two ground-floor bank branches in New York City and expands its growing technology and venture capital banking business to the East Coast.

2013


City National opens its first two ground-floor bank branches in New York City and expands its growing technology and venture capital banking business to the East Coast.

Barron's magazine recognizes City National as one of America's top wealth managers for the 13th consecutive year. The company and its affiliates manage more than $60 billion in client assets.

 

City National marks 60 years of success serving entrepreneurs, professionals, their businesses and their families.

2014


City National marks 60 years of success serving entrepreneurs, professionals, their businesses and their families. Today, the bank is bigger, better, safer and stronger than ever, with more than $30 billion in assets and 75 branches in five states.

Click here for the PDF.

 

City National opens its first two ground-floor bank branches in New York City and expands its growing technology and venture capital banking business to the East Coast.

2015


On November 2, 2015, City National merged with Royal Bank of Canada. For more information about RBC, please see rbc.com.