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OUR STORY

Serving clients and communities for over 65 years.

A Hometown Bank with Big Bank Capabilities

 

 

City National is a full-service bank that offers a complement of banking, trust and investment services.

Our 5,500 colleagues deliver highly personal service and complete financial solutions to entrepreneurs, professionals, their businesses and their families.

From our humble beginnings as a community bank to our relationship to Royal Bank of Canada, City National focuses on crafting personalized banking experiences for our clients.


City National Through the Decades

2020s

City National ushers in a new decade with a promise to become a digitally-enabled relationship bank. The bank reaches $87 billion in assets under management.

  • In August 2020, City National expands its nationwide footprint with locations in Tysons, VA and Buckhead, GA.
  • In July 2020, Richard Raffetto succeeds Christopher J. Warmuth as City National Bank president.
  • In March 2020, City National launches a redesigned mobile app, one of the bank’s most notable capital projects to date.

2010s

City National marks its 60th year of service and success. The company continues to invest in new talent, products, technology and capabilities with notable acquisitions including Datafaction, City National Rochdale®, First American Equipment Finance, Exactuals and FilmTrack.

  • In 2019, Kelly Coffey (pictured) becomes CEO of City National Bank.
  • In 2015, City National merges with Royal Bank of Canada.
  • In 2011, the bank broadens its entertainment banking presence with offices in Nashville and Atlanta.

2000s

City National Bank enters the new millennium expanding into Northern California, New York City and Nevada. City National Securities, Inc. launches as a convenient, online banking and investing platform for clients and the company’s total assets reach $10 billion.

  • In 2009, the bank designates City National Plaza in downtown Los Angeles as the company’s new headquarters. CEO and Chairman Russell Goldsmith (right) welcomes Los Angeles Dodgers broadcasting legend Vin Scully (left) to a bank event.
  • In 2008, City National Preferred Banking™ makes its debut as “an exclusive gateway to a private banking experience.”
  • In 2005, Christopher J. Warmuth becomes president of City National Bank.
  • In 2002, in support of the communities it serves, City National launches its Reading is The way up® literacy program.

1990s

The bank creates a separate Private Banking division, ramping up its high-net-worth services. City National becomes the largest independent bank headquartered in Southern California and begins trading on the New York Stock Exchange under the symbol “CYN.”

  • In 1998, the bank’s trust and investment assets under administration surpass $10 billion for the first time.
  • In 1995, Russell Goldsmith succeeds his father as company chairman and CEO.
  • In 1990, City National bank offers advertisements in Korean, an acknowledgement of California’s growing Korean population.

1980s

City National becomes the 10th largest bank in California as its entertainment division expands into the film financing arena. 

  • In 1989, City National joins forces with 45 other banks to develop a $100 million loan pool for financing low and moderate income family housing—creating the California Community Reinvestment Corporation.
  • In 1986, eighty percent of City National Bank’s services are devoted to businesses.
  • In 1981, City National’s Instant Teller Network was activated. CEO Bram Goldsmith (right) demonstrates the ease of obtaining cash next to fellow colleagues J.P. Palmer (left) and Newt Gore (center).
  • In 1980, the bank champions corporate philanthropy by giving $10 million in funding and loans to the City of Los Angeles’ Neighborhood Business Revitalization Program.

1970s

With more than 20 branches across southern California and growing, City National expands its offerings to include financing for residential and commercial construction and mortgage loans.

  • In 1978, the bank’s total assets exceed $1 billion for the first time and commercial loans represent more than 60 percent of all lending activity.
  • In 1975, Bram Goldsmith (seated, left) is named chairman of the board and CEO of City National Bank.
  • In 1974, Curtis Palmer succeeds Al Hart as chairman of City National Bank and president of City National Corporation.
  • In 1970, City National stock is traded over-the-counter for the first time at $19.25 per share.

1960s

“The Bank to the Stars” is born as its reputation for entertainment banking and specialty services grows. Most notably, the bank works with the FBI to advance ransom money to legendary entertainer Frank Sinatra. This helps free his kidnapped son, who returns unharmed.

  • In 1967, the bank officially opens a newly constructed 26-story tower at Pershing Square in Los Angeles, built by Bram Goldsmith and the Buckeye Construction Company. President Al Hart (left) hosts a star-studded grand opening including guests Rita Moreno (center) and Leslie Parrish (right).
  • In 1962, City National reports that of its 342 employees, 208 are women.
  • In 1962, a small blue ladder is installed at the head office to help children accompanying their parents reach the teller window. Shortly thereafter, City National adopts the “Ladder of Success” as its logo.

1950s

A small group of Beverly Hills entrepreneurs see an opportunity to create an alternative banking experience for the booming Hollywood film industry and post-war real estate market. They ground their vision in fair opportunity and personalized service. 

  • In 1959, City National opens its Sunset Doheny office on Sunset Boulevard. Actress Donna Reed (second from left) cuts the ribbon at the opening.
  • In 1955, Alfred “Al” Hart becomes the first president of City National Bank.
  • In 1954, City National Bank breaks ground on its first permanent office at 400 North Roxbury Drive in Beverly Hills.