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Our Mission

City National's mission is to provide the ultimate banking experience for successful entrepreneurs and professionals through an uncommon dedication to extraordinary service, proactive advice and total financial solutions.

Community Reinvestment

Community Reinvestment and Economic Development Highlights

Since its founding in 1954, City National Bank has helped fund the development of hundreds of companies in industries ranging from agriculture and manufacturing to entertainment and world trade. City National has provided clients with access to important financial services, including loans that support economic development and job creation. In 2002, to further serve its bi-coastal California clients and prospective clients, the bank opened a private banking office in New York City. In 2007, City National merged with Business Bank of Nevada.  In 2011 City National opens its second office in New York City - this one in the heart of Times Square and its first offices in Nashville, Tennessee and Atlanta.   

Helping Communities Thrive

City National fosters healthy communities through small business and community development lending and equity investments in projects that strengthen local neighborhoods.

Help for 9,600 Small Businesses and Farms

City National has a natural franchise for small business lending, which helps spur job creation.  The bank's latest Community Reinvestment Act (CRA) exam took place in July 2009, and looked at small business lending between October 2005 and December 2008.  During that time, CNB made more than 9.600 small business and small farm loans, with one-third of them going to companies with $1 million or less in revenue. From  January 2009  through December  2011, it made more than 8,300 small business and small farm loans, with 33 percent of them awarded to such businesses.

Community Development Lending

In its 2009 CRA exam period, City National made  $940 million in community development loans, i.e., loans to promote economic development, revitalize low-income areas, and provide community services and affordable housing.

As of the end of December 2011, with more than a year to go before our next CRA examination, the bank had made $898 million in such loans, and appears to be on track to once again exceed the prior exam's community development lending numbers.

City National provided the City of Riverside with a $20 million revolving line of credit to help expand the city's neighborhood stabilization efforts targeting vacant, foreclosed and abandoned homes.

The bank provided a $7.5 million revolving line of credit to a community not-for-profit hospital in northern California.  The hospital, which serves a high percentage of Medi-Cal and Medicare patients, is expanding bed capacity and purchasing new capital equipment and technology.

Community development loans in Nevada have focused on economic development and job creation/retention in LMI communities.  Examples include a $1.9 million commercial real estate loan to refinance an owner-occupied commercial/industrial building, and a $1.2 million revolving line of credit for working capital needs granted to a Las Vegas law firm.

The bank provided $40 million of a total $275 million credit facility granted to refinance a major new mixed use entertainment/retail/residential "campus" in the heart of a low-income area in downtown Los Angeles.  Benefits to the immediately-surrounding area include new jobs and services, and the city as a whole benefits from increased tourist spending.

Investing in Effective Community Organizations

On an ongoing basis, City National invests in community organizations that focus on economic development through small business lending and employment programs. Some long-term partnerships include:

  • California Resources and Training (CARAT)
  • Chrysalis
  • Community Financial Resource Center
  • Local Initiatives Support Corporation (Bay Area, Los Angeles and New York)
  • Los Angeles Economic Development Center
  • Los Angeles LDC, Inc.
  • National Association of Women Business Owners Los Angeles
  • Pacific Coast Regional Small Business Development Corporation
  • Valley Economic Development Center
  • Vermont-Slauson Economic Development Corporation
  • Watts Cinema and Education Center
  • West Angeles Community Development Corporation

Supporting Affordable Housing

As of December 31, 2011, City National had $229 million in CRA-eligible investments, 88 percent of which support affordable housing.

City National continually teams with for-profit and nonprofit developers to create affordable housing opportunities in low- and moderate-income areas and for low- and moderate-income homebuyers and renters.

The bank has supported the creation of more than 2,700 affordable units through sponsorship of Federal Home Loan Bank grant subsidies totaling $16.4 million.

City National directly supports numerous community organizations dedicated to developing affordable housing:

  • California Community Reinvestment Corporation
  • California Economic Development Initiative (CEDLI)
  • Century Housing Corporation
  • Clearinghouse Affordable Housing
  • Community Financial Resource Center
  • Downtown Women's Center
  • Esperanza Community Housing Corporation
  • Habitat for Humanity Greater San Francisco
  • Habitat for Humanity of Greater Los Angeles
  • Hollywood Community Housing Corporation
  • Los Angeles Housing Partnership Inc.
  • Los Angeles Jewish Home for the Aging
  • Los Angeles Mission
  • Midnight Mission
  • Neighborhood Housing Services of Los Angeles County
  • Neighborhood Housing Services of New York
  • Neighborhood Housing Services of Orange County
  • NPHS Inc. (Neighborhood Partnership Housing Services)
  • Orange County Rescue Mission Village of Hope
  • Rebuilding Together Oakland
  • Redevelopment Agency of the City of Riverside
  • San Francisco Housing Development Corporation
  • Shelter Inc. of Contra Costa County
  • Shelter Partnership
  • Southern California Association of Non-Profit Housing
  • Union Rescue Mission
  • Western Community Housing Inc.

Community Development Leadership

City National has helped spearhead several important community programs to meet its community development goals.

City National's chairman Russell Goldsmith was named by Los Angeles Mayor Antonio Villaraigosa to chair the Los Angeles Economy & Jobs Committee. In 2008, the group of top business, civic and community leaders submitted its plan for advancing the region's economy and creating more quality jobs.

Several leading community organizations have honored the bank for its leadership efforts:

  • California Resources and Training
  • Community Financial Resource Center
  • Esperanza Community Housing Corporation
  • Getty House Foundation
  • Latin Business Association
  • Los Angeles Chamber of Commerce
  • Los Angeles Library Foundation
  • Los Angeles Mission
  • Neighborhood Housing Services of Los Angeles County
  • Salvation Army
  • Second Harvest Food Bank
  • Valley Economic Development Center
  • Watts Cinema and Education Center

Charity Contributions and Volunteer Efforts

City National Bank takes great pride in investing in the communities where we work, live, and conduct business. We believe these commitments are part of our DNA and that they define us as a corporate citizen. Accordingly, City National Bank annually contributes millions in support of charitable and civic programs and organizations that contribute to the long-term success and well-being of our communities.

Volunteering in the Community

City National encourages and supports colleagues' involvement in the community and offers a variety of volunteer opportunities for colleague participation. In 2012, our colleagues volunteered nearly 17,000 hours to local community projects.

City National Bank awards a Dollars for Doers grant of up to $500 annually for a qualified non-profit for which a colleague volunteers 20 or more hours annually.

Literacy and Financial Literacy

City National believes that literacy and financial literacy are key to ensuring the future success of tomorrow’s leaders. City National provides colleagues up to three hours of paid time off each month to read to students or teach financial literacy to grades K-12 in any public or private school in our markets via bank-organized literacy events or on their own.

Reading is The way up®

Reading is The way up® (RITWU) is City National's own award winning literacy program designed to promote childhood reading and lifelong learning. RITWU supports schools and their students through donations, volunteer reading and local book drives. Through RITWU, to date, City National Bank has:

  • Awarded more than $600,000 teacher grants to enhance literacy
  • Placed colleagues as volunteer readers in schools
  • Substantially funded by City National colleagues, Reading is The way up has placed more than 170,000 books in public school libraries

Dollars + Sense Financial Literacy Program

Dollars + Sense is City National’s financial literacy program for students grades K-12. Teaching our youth strong financial management skills today will help them meet the challenges of the future.

  • In 2012, more than 70 colleagues taught nearly 2,000 students financial literacy lessons in our geographic markets

Workplace Giving Campaign

Widely recognized as a "best practices" Workplace Giving company, over 90% of City National colleagues participate in this annual campaign, contributing over $1,000,000 annually to help provide a critical safety net of education, empowerment and caring to those in need in the communities we serve. We offer direct contributions to the following nine charitable organizations, as well as the option to direct your donation to any 501(c)3 of your choosing:

  • American Cancer Society
  • American Heart Association
  • American Red Cross
  • EarthShare
  • Habitat for Humanity
  • Reading is The way up®
  • Ronald McDonald House Charities
  • Save the Children
  • United Way

Back to School Supplies Drive

Started in 2011, City National coordinates an annual Back to School Supplies Drive to collect essential school supplies for students attending our neediest schools. In 2012, City National colleagues donated more than 41,000 items which were distributed to 24 elementary schools in California, Georgia, Nevada, New York and Tennessee.

Business Attire Clothing Drive

City National colleagues donate gently used business attire and professional accessories to several wonderful organizations that serve our communities. Every year more than 2,500 items are donated to help provide men and women with the tools they need to project a positive image, boost their self-confidence and provide the self-esteem necessary to find and maintain employment, and achieve economic self-sufficiency.