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Los Angeles-based City National Corp. (NYSE: CYN) is the parent company of City National Bank. It offers a full complement of banking, trust and investment services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. Its 3,600 colleagues deliver highly personal service and complete financial solutions to entrepreneurs, professionals, their businesses and their families.
On January 22, 2015, City National announced plans to merge with Royal Bank of Canada. The transaction is expected to close later this year, pending regulatory approval and other customary closing conditions.
|Consolidated Financial Highlights||At 06/30/15||At 06/30/14|
|Total assets:||$33.8 billion||$30.8 billion|
|Total deposits:||$29.5 billion||$26.7 billion|
|Total loans1:||$21.9 billion||$18.5 billion|
|Assets under management:||$47.7 billion||$47.1 billion|
|Assets under management or administration:||$61.1 billion||$65.8 billion|
|Net income:||$68.5 million||$65.5 million|
|Earnings Per Share, diluted:||$1.13||$1.09|
|Noninterest income:||$112.9 million||$101.1 million|
1 Excludes $434.0 million and $605.8 million of FDIC-covered loans at June 30, 2015 and June 30, 2014, respectively.
Note: Certain prior period balances have been reclassified to conform to current period presentation.