City National Signs Lease to Remain in Pacific Palisades; Will Move to New Location in 2017
July 25, 2016
LOS ANGELES – City National Bank, America's Premier Private and Business Bank®, has signed a new lease allowing it to continue operating a full-service branch in Pacific Palisades.
The new branch will be located at 843 Via De La Paz, Pacific Palisades, CA 90272. The new location comprises 1,500 square feet and was formerly used for office space. City National colleagues are expected to move to the new address early next year.
“City National Bank is committed to serving our clients in Pacific Palisades,” said Scott Witter, executive vice president and division manager of the company’s Core Banking Division. “We are thrilled to sign a new lease that will enable us to continue meeting the financial needs of local small and mid-sized companies, entrepreneurs, professionals and their families in the area.”
The bank’s current location at 1012 Swarthmore Ave., Pacific Palisades, CA 90272 opened in 2011. The current location is open to clients who can use valet parking during current construction of the Palisades Village development project. This project is a collection of restaurants and storefronts oriented around Swarthmore Avenue and will include restoration of the Bay Theater, a long-time neighborhood landmark.
The new branch will continue to offer City National’s full range of financial capabilities, including preferred banking, business banking and wealth management services for individuals and their businesses. It will be open from 9 a.m. to 4 p.m. Monday through Thursday and 9 a.m. to 6 p.m. on Friday.
About City National
With $41.2 billion in assets, City National Bank provides banking, investment and trust services through 74 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. In addition, the company and its investment affiliates manage or administer $55.7 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 36 other countries.
For more information about City National, visit the company’s website at cnb.com.