City National’s total assets top $1 billion for the first time.

The bank commits to expand into San Diego County, signing a lease for its new La Jolla office.

The Trust Department administers almost $1 billion of client assets.

City National begins trading on the New York Stock Exchange.

Prominent California bankers George H. Benter, Jr. (left) and Frank P. Pekny join City National as President/Chief Operating Officer and Vice Chairman/Chief Financial Officer, respectively. Together, they bring more than five decades of financial services experience to the bank.

Russell Goldsmith is named Chairman and Chief Executive Officer of the bank.

The company completes its first major acquisition, the purchase of First Los Angeles Bank.

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