Business Escrow Services

City National Bank has long been regarded by the entertainment and legal communities, as the expert in Business Escrows — a reputation based on years of experience and our unique ability to close deals in a short period of time.

The four classic Business Escrows on which we have founded our reputation are:

• Business Holding Escrow
  Typically, when parties to a business agreement are new to each other or when payment is dependent on each other or when payment is dependent on the performance of a service or the delivery of goods, we provide a Business Holding Escrow to ensure that all parties receive the benefit of their agreement.

• Artist - Producer Escrow
  We pioneered our unique Artist - Producer Escrow nearly fifty years ago to protect the interest of both a Producer and an Artist by ensuring that the Producer funds the escrow. The Artist is then paid after the Producer receives the benefit of the Artist's services.

  Other types of entertainment escrows we routinely provide include:

  • Concert Touring Escrows
  • Talent Fee Escrow

• Distribution Escrow
  Following a production, our unique Distribution Escrow ensures the timely and accurate receipt, reporting and distribution of all film revenues - both on a national and international basis.

• Securities Offering Escrow
  We developed the Securities Offering Escrow to meet the needs of owners and investors during the initial subscription period.

Expertise and Timeliness

While City National bank routinely facilitates these classic types of Business Escrows, we are also known for our creativity and experience in structuring escrows. Our escrow specialists help you find the means to overcome any problems in order to satisfy each individual client's particular business needs.

This expertise in handling Business Escrows comes from having a thorough understanding of the many applications and the many diverse situations in which escrows may be useful. At City National Bank, we realize the occasional need for urgency and will dedicate the resources necessary to bring a project to completion - even in as short a time frame as a single afternoon.

A Streamlined Process

Our streamlined process of establishing a Business Escrow is designed to save our clients time and money. The sample agreements we provide can be easily adapted to virtually any business circumstance, no matter how complex or unusual.

Further, our experienced escrow specialists are known for their ability to eliminate the red tape that can delay or cancel a project.

Investment Choice

Although we are highly regarded for our ability to create and monitor Business Escrows, we are equally proud of the investment opportunities we provide to our clients. Currently, money held in a Business Escrow can be invested in a variety of fixed income securities and taxable or tax-exempt money market accounts.

We assign an Escrow Officer to monitor each client's account and assist our clients in choosing the appropriate investment vehicle.

Getting Started

To speak with City National Bank about Business Escrow Services, contact us or call (800) 773-7100.