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Company Information
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 79 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Tenn., and Atlanta.
The company's 3,300 colleagues deliver specialized and highly personal service and complete financial solutions to entrepreneurs, professionals, their businesses and their families.
| Consolidated Financial Highlights |
At 09/30/2011 |
At 09/30/2010 |
|
| Total assets: |
$23.1 billion |
$21.8 billion |
| Total deposits: |
$19.9 billion |
$18.4 billion |
| Total loans*: |
$12.2 billion |
$11.4 billion |
| Assets under management: |
$33.6 billion |
$35.7 billion |
Assets under management or administration:
|
$55.6 billion |
$56.9 billion |
|
| |
3Q2011 |
3Q2010 |
|
| Net income: |
$41.4 million |
$34.4 million |
| Earnings per share, diluted: |
$0.77 |
$0.65 |
Noninterest income:
|
$69.6 million |
$66.8 million |
| * Excludes $1.6 billion and $2.0 billion of FDIC-covered loans at September 30, 2011 and September 30, 2010. |
Acquisitions
Fast Facts
- Founded by a small group of local entrepreneurs in 1954.
- 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 clients who do business on both coasts and prospective clients in Manhattan; added a second office in Times Square in 2011.
- Expanded to Nevada in 2007 with the acquisition of Business Bank Corp., followed by the acquisition of Sun West Bank in 2010 and Nevada Commerce Bank in 2011.
- Opened its first offices in Nashville, Tenn., and Atlanta in 2011 principally to better serve the music industry.
- Recognized by Barron’s as one of America’s top wealth managers 11 years in a row (2001-2011).
- Received 10 Excellence Awards for business banking from Greenwich Associates (2010).
Products & Services
Media Contacts
Cary Walker, (213) 673-7615
cary.walker@cnb.com
Debora Vrana, (213) 673-7631
debora.vrana@cnb.com
Paul Stowell, (702) 952-4415
paul.stowell@cnb.com
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