Los Angeles-based City National Corporation (NYSE: CYN) is the parent company of City National Bank. 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.
LOS ANGELES, June 1, 2015 (GLOBE NEWSWIRE) -- City National Bank announced today it has launched an initiative to provide up to $350 million in new small business loans to hundreds of minority-and women-owned small business suppliers of three of California's leading energy utilities — Southern California Gas Co. (SoCalGas), Southern California Edison (SCE) and San Diego Gas & Electric (SDG&E).
As part of this joint supplier diversity and lending initiative, City National will make sm...
Management Continues to Expect the Merger to Close in the Fourth Calendar Quarter of 2015
LOS ANGELES, May 27, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today announced that City National shareholders have voted in favor of the proposal to adopt the merger agreement with Royal Bank of Canada ("RBC") at a special meeting of stockholders held May 27, 2015, in Los Angeles.
On January 22, 2015, City National and RBC ann...
LOS ANGELES, April 24, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today announced a new $11 billion, five-year commitment for community lending, investment, charitable contributions, supplier diversity and other activities outlined in the Community Reinvestment Act (CRA).
City National finalized its commitment following consultation with many of its community partners in California, and in connection with its recently...
Loan Balances Reach All-Time High of $20.9 Billion, Up 18 Percent
Deposits Grow 11 Percent to New Record of $28.5 Billion
LOS ANGELES, April 23, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today reported first-quarter 2015 net income of $61.6 million, up 14 percent from $53.8 million in the year-ago period. Earnings per share were $1.01, compared to $0.89 per share in the first quarter of 2014.
City National al...
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