City National Bank (California)
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Los Angeles Headquarters
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| Subsidiary | |
| Headquarters | 555 South Flower Street Los Angeles, California 90071 |
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Key people
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Alfred S. Hart (founder) Benjamin N. Maltz (first Chairman) Russell Goldsmith (Chairman and CEO) Bram Goldsmith (Chairman Emeritus) |
| Total assets | $35.6 billion |
| Parent |
Royal Bank of Canada (2015–present) |
| Website | cnb |
City National Bank (CNB) is an American financial institution headquartered in the City National Plaza in Los Angeles, California. It is a wholly owned subsidiary of the Royal Bank of Canada.
The bank has total assets of $35.6 billion (as of September 30, 2014). 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. After the closure or merger of many Los Angeles banks, it has become the largest bank headquartered in the Greater Los Angeles Area. It also acts as a processing bank, providing back office services such as checking account processing and check clearance services for smaller local banks that do not do their own processing.
It has an established relationship with many entertainment industry clients, and deals with many exclusive and premier clients from various media, including television, film, theater and the arts. Because of this, media reports have claimed that the bank is nicknamed "bank to the stars".
It is a national bank, regulated by the Office of the Comptroller of the Currency of the United States Department of the Treasury. City National Bank should not be confused with the former Cleveland-based National City Bank, or First National City Bank, the former name of Citibank or City National Bank of Florida, a bank headquartered in Miami, FL.
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Wikipedia