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Encyclopedia > City National Bank

City National Bank, headquartered in Beverly Hills, California, is owned by City National Corporation (NYSE: CYN) with total assets of $15.3 billion (at 3/31/2007). It was founded in 1954. “Beverly Hills” redirects here. ... Year 1954 (MCMLIV) was a common year (link will display full calendar) of the Gregorian calendar. ...


City National offers a full complement of banking, trust and investment services through 55 offices, including 12 full-service regional centers, in Southern California, the San Francisco Bay Area and New York City. After the closure or merger of many Los Angeles banks, it has become the largest bank headquartered in the Greater Los Angeles Area. For the urban complex straddling the United States-Mexico border, see Bajalta California. ... USGS satellite photo of the San Francisco Bay Area. ... New York, New York and NYC redirect here. ... The Greater Los Angeles Area, or the Southland, is the agglomeration of urbanized area around the city of Los Angeles, California, United States. ...

Contents

History

  • Founded by a small group of Beverly Hills entrepreneurs in 1954 (one being Irving Klein).
  • Expanded to Northern California in 2000 with the purchase of The Pacific Bank, followed by the acquisition of Oakland-based Civic BanCorp in 2002.
  • Opened an office in New York City in 2002 to serve California clients who do business on both coasts and prospective clients in Manhattan.
  • Ranked among America's top companies by sales, profits, assets and market value in Forbes magazine's "Super 500" list (2002 and 2003).
  • Recognized by Barron's as one of America's top wealth managers five years in a row (2001 - 2005).
  • Has an established relationship with many entertainment industy clients. Deals with many exclusive and premier clients from various media: television, film, theater, arts.

Acquisitions

  • Lydian Wealth Management (2007)
  • Business Bank of Nevada (2006)
  • Convergent Capital Management, LLC (2003)
  • Civic BanCorp (2001)
  • People's Bank of California (2001)
  • Reed, Conner & Birdwell (2001)
  • The Pacific Bank (2000)
  • American Pacific State Bank (1999)
  • North American Trust Company (1998)
  • Harbor Bank (1998)
  • Riverside National Bank (1997)
  • Frontier Bank (1997)
  • Ventura County National Bank (1997)
  • First Los Angeles Bank (1995)

Trivia

  • In 1963, when Frank Sinatra's son was kidnapped, the bank put up the $240,000 in ransom money. A movie called Stealing Sinatra was made about the incident.

“Sinatra” redirects here. ...

External links



 

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