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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 opened its second office in New York City - this one in the heart of Times Square - and its first offices in Nashville, Tennessee and Atlanta, Georgia.   

Helping Communities Thrive – Increase in small business and community development lending

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

11,500 loans to Small Businesses 2009 thru 2012 (CRA Exam 2102)
7,200 loans to Small Businesses 2013 thru 2014 (2 years of new exam cycle)

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 June 2013 (the exam report is dated December 31, 2012), and looked at small business lending between January 2009 and December 2012.  During that time, CNB made more than 11,500 small business loans, with 32 percent of them going to companies with $1 million or less in revenue. From January 2013 through December 2014, the bank made more than 7,200 small business loans, with 32 percent of them awarded to companies with $1 million or less in revenue.

Community Development Lending

In its 2012 CRA exam period, City National made $1.13 billion in community development loans, i.e., loans to promote economic development, revitalize low-income areas, and provide community services and affordable housing.  Examples include:

  • A $20 million revolving line of credit to a private, nonprofit corporation that works as a financial intermediary for affordable housing developers in greater metropolitan Los Angeles.  Over the past 25 years the organization has invested more than $500 million to help create homes for more than 20,000 families and homeless veterans.
  • A $5.25 million term loan to assist a major online retailer with the relocation of its headquarters to Las Vegas.  The move brought 1,200 new full-time jobs to the Las Vegas economy.

During 2013 and 2014, the first two years of its new CRA exam cycle, CNB has already qualified $1.16 billion in community development loans.  Noteworthy examples include:

  • Loans totaling $10.3 million to two charter schools, one in Nashville, TN, and the other in San Jose, CA.  The students in both K-5 schools are primarily English Language Learners, and well over 75 percent of the students qualify for free and reduced price meals.
  • A $1.5 million revolving line of credit to a nonprofit organization in Los Angeles which operates a 600-bed transitional housing facility providing a full spectrum of services for individuals who are homeless or at risk for homelessness.
  • A $1 million revolving line of credit to what is considered to be the largest pro bono law firm in the United States.
  • A $1 million unsecured business line to a certified Community Development Financial Institution (CDFI) whose mission is to provide financing assistance, management consulting, and training to both start-up and more established small businesses throughout California.
  • A $13 million credit facility to a New York based nonprofit whose mission is to provide comprehensive and affordable health care coverage for low-income individuals and families.  The organization operates in the five boroughs of New York City and in four surrounding counties.
  • A $15 million credit facility to a wholesale distributor of food and other restaurant products and equipment.  The company serves California and the southwestern United States, and provides jobs for more than 250 individuals.
  • A $20 million revolving line of credit to a metal forging supplier serving the commercial and military aerospace industry and employing 453 individuals at its plant in Los Angeles County.

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 current long-term partnerships include:

  • Accion San Diego
  • Asian Pacific Islanders Small Business Program
  • California Community Economic Development Association
  • California Resources and Training (CARAT)
  • Chinatown Service Center
  • Chrysalis 
  • East Los Angeles Community Corporation
  • Economic Development Collaborative Ventura County
  • Homeboy Industries
  • LIFT Los Angeles
  • Little Tokyo Service Center
  • Local Initiatives Support Corporation (Bay Area, Los Angeles and New York)
  • Los Angeles Economic Development Center
  • Los Angeles LDC, Inc.
  • Mayor's Fund Los Angeles
  • National Association of Women Business Owners Los Angeles
  • Nevada Microenterprise Initiative
  • Pacific Asian Consortium in Employment (PACE)
  • Pacific Coast Regional Small Business Development Corporation
  • Renaissance Entrepreneurship Center
  • RISE Financial Pathways
  • San Gabriel Valley Economic Partnership
  • SCORE Los Angeles and San Diego
  • Taco Bell Foundation for Teens
  • TELACU – The East Los Angeles Community Union
  • United Way – Inland Valley Microenterprise Collaborative
  • Urban Solutions
  • Valley Economic Development Center
  • Ventura County Community Development Corporation
  • Vermont-Slauson Economic Development Corporation
  • Watts Cinema and Education Center
  • West Angeles Community Development Corporation

Supporting Affordable Housing

As of December 31, 2014, City National had $293 million in CRA-eligible investments, 98 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 3,100 affordable units through sponsorship of Federal Home Loan Bank grant subsidies totaling $ 21 million.

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

  • Affordable Housing Clearinghouse Orange County
  • Affordable Housing Investors Council
  • Affordable Living for the Aging
  • Cabrillo Economic Development Corporation Affordable Housing Program
  • California Community Reinvestment Corporation
  • California Economic Development Initiative (CEDLI)
  • Caregivers Volunteers Assisting the Elderly
  • Century Housing Corporation
  • Century Villages at Cabrillo, Inc.
  • Downtown Women's Center
  • East Bay Housing Organization
  • Enterprise Community Partners
  • Esperanza Community Housing Corporation
  • Habitat for Humanity Greater Los Angeles and San Francisco
  • Habitat for Humanity of Orange County
  • Hollywood Community Housing Corporation 
  • Home Ownership for Personal Empowerment (HOPE)
  • Homeaid America Inc.
  • Housing Works
  • LINC Housing Corporation
  • Los Angeles Housing Partnership Inc.
  • Los Angeles Jewish Home for the Aging
  • Los Angeles Mission 
  • Mary Erickson Community Housing
  • Midnight Mission
  • Neighbor Works Orange County
  • Neighborhood Housing Services of Inland Empire
  • Neighborhood Housing Services of Los Angeles County
  • Neighborhood Housing Services of New York
  • Noah Homes, Inc.
  • NPHS Inc. (Neighborhood Partnership Housing Services)
  • Orange Coast Interfaith Shelter
  • Orange County Housing Trust, Inc.
  • Orange County Rescue Mission Village of Hope
  • Rebuilding Together Oakland
  • Redevelopment Agency of the City of Riverside
  • San Gabriel Valley Habitat for Humanity
  • Shelter Inc. of Contra Costa County
  • Shelter Partnership
  • Southern California Association of Non-Profit Housing
  • Union Rescue Mission
  • Upward Bound House
  • Western Community Housing Inc.

Charitable Contributions

In the last two years (2013 & 2014), City National awarded $ 2.6 million in CRA qualified charitable contributions to local nonprofits and community affiliations.  The Affordable Housing and Economic Development categories received  8% and  14% of the dollars respectively, followed by Health and Welfare –  46%, Youth Services –  12%, Education –  18%, Arts and Culture –  1% and Religious – 1%. 

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 2014, our colleagues volunteered more than 23,000 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.

Volunteer Efforts

Bank volunteers also supported many community organizations in a variety of ways, ranging from board membership to community clean-up days.   Overall, bank colleagues logged over 7,000 CRA qualified service hours.

Representation of City National on the board of directors and various committees include:

  • Abuelitos de Boyle Heights
  • Aviva Family and Children's Services
  • Big Brothers Big Sisters
  • Downtown Women's Center
  • Educating Young Minds
  • Jewish Big Brothers Big Sisters Camp Max Straus
  • Jewish Vocational Service Los Angeles
  • Legal Aid Foundation of Los Angeles
  • LIFT Los Angeles
  • Local Initiatives Support Corporation Los Angeles
  • Long Beach BLAST
  • Long Beach Ronald McDonald House
  • Los Angeles Economic Development Corporation
  • Los Angeles Mission, Inc.
  • Los Angeles Trade Technical College Foundation
  • Mar Vista Family Center
  • Neighborhood Housing Services of Los Angeles County
  • Optimist Youth Homes and Family Services
  • People Assisting the Homeless
  • Pacific Coast Regional Small Business
  • Penny Lane Centers
  • Public Counsel Low Center
  • Ronald McDonald House Charities
  • Saban Free Clinic
  • The Los Angeles Valley College Foundation
  • United Way Greater Los Angeles
  • Valley Economic Development Center
  • Watts Cinema and Education Center, Inc.
  • Weingart Center Association
  • Westside Family Health Center
  • YMCA Westside Family
  • YMCA of Metropolitan Los Angeles
  • YWCA Pasadena Foothill Valley

Literacy and Financial Education

City National believes that literacy and financial education 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 education 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 $1,000,000 in 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 300,000 books in public school libraries

Dollars + Sense Financial Education Program

  • Dollars + Sense is City National's financial education program for students grades K-12. Teaching our youth strong financial management skills today will help them meet the challenges of the future.
  • In 2014, City National colleagues taught over 1,700 hours of financial literacy lessons in our geographic markets.

Workplace Giving Campaign

Widely recognized as a "best practices" Workplace Giving company, over 87% of City National colleagues participate in this annual campaign, contributing over $1,250,000 annually to help provide a critical safety net of education, empowerment and caring to those in need in the communities we serve. We feature 7 strategic partner organizations (below), as well as the option to direct your donation to any 501(c)3 of your choosing.

  • American Cancer Society
  • American Red Cross
  • Iraq & Afghanistan Veterans of America
  • 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. City National colleagues donate nearly 1,000 backpacks annually, which are distributed to 31 elementary schools and organizations serving low- to moderate-income children in California, Georgia, Nevada, New York and Tennessee.

Business Attire Clothing Drive

City National colleagues donate gently used business attire and professional accessories to numerous organizations that serve our communities and assist job-seekers to prepare for entry into the workforce. Items donated help provide men and women with the tools they need to project a positive image, boost their self-confidence and the self-esteem necessary to find and maintain employment, and achieve economic self-sufficiency.

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 in 2008 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. The committee released a report in 2008 with 100 recommendations that would grow the economy & create jobs. 

In 2010 Russell Goldsmith was one of the founding members of the Los Angeles Coalition for the Economy & Jobs a independent, bipartisan membership organization, established in 2009, to bring together leaders from the region's business, labor, academic and nonprofit communities to advance sound policy initiatives that will help to responsibly grow the economy and create quality jobs throughout the L.A. region. He currently serves as the Board Chair.