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Jan 04, 2019
Jan 04, 2019
LOS ANGELES – City National Bank celebrates its 65th year in business today.
The bank first opened its doors to the public on January 4, 1954, in Beverly Hills. Founded by a small group of entrepreneurs to serve entrepreneurs, professionals and their families, City National became the largest bank headquartered in Los Angeles in 1996, as it continues to be today. City National has grown, both in California and in select metropolitan areas in the U.S., with nearly 5,000 colleagues, more than $50 billion in assets and more than $60 billion in client investment assets.
“Sixty-five years ago, our founders gave City National a solid beginning, strong values and a compelling value proposition,” said Chairman and CEO Russell Goldsmith. “Our dedicated team of colleagues, our clients and a culture that rests on strong values, great products and exceptional service have served us well. We are very grateful for the opportunity to serve so many remarkable clients and communities.”
City National provides banking, investment and trust services through 71 offices across Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis and Washington, D.C. The company is a subsidiary of Royal Bank of Canada, one of North America’s safest and strongest financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 34 other countries and includes RBC Wealth Management – U.S. in Minneapolis and RBC Capital Markets in New York.
City National provides tailored financial solutions and capabilities for entrepreneurs, professionals, their businesses and their families offering various services, including private banking, commercial banking, real estate and specialty banking expertise. City National is also particularly known as the leader in meeting the financial needs of the entertainment industry across the U.S.
For 65 years, City National has been committed to supporting the communities where its colleagues and clients work, live and conduct business. As the bank has grown, so has its ability to support these communities.
Corporate Communications
media@cnb.com