City National Corp.'s 3Q2015 Financial Results
October 22, 2015
After Market Close
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.
On January 22, 2015, City National announced plans to merge with Royal Bank of Canada. The transaction is expected to close later this year, pending regulatory approval and other customary closing conditions.
LOS ANGELES, Oct. 30, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN) today announced the preliminary results of the elections made by its common stockholders as to the form of consideration they wish to receive in City National's merger with Royal Bank of Canada (RBC).
As previously announced, the cash and stock elections will be subject to proration and adjustment procedures that are further described in the election materials and the January 22, 2015 merger agreement by and ...
For the first time, assets reach $35.6 billion
Loans grow 16 percent to $22.5 billion
Deposits increase 12 percent to $31.2 billion
LOS ANGELES, Oct. 22, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today reported third-quarter 2015 net income of $71.8 million, compared with $69.9 million in the year-ago period. Earnings per share were $1.18, compared with $1.17 per share in the third quarter of 2014.
LOS ANGELES, Oct. 19, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN) today announced that it has declared cash dividends on its outstanding series of preferred stock.
A quarterly cash dividend of $13.75 per share was declared on its 5.50% Non-Cumulative Perpetual Preferred Stock, Series C (equivalent to $0.34375 per related depositary share), payable on November 13, 2015 to shareholders of record on October 30, 2015.
A quarterly cash dividend of $16.875 per share was decla...
Literacy Grant Program Has Awarded More Than $1 Million
LOS ANGELES, Oct. 1, 2015 (GLOBE NEWSWIRE) -- City National Bank today announced that it is now accepting applications for grants to support literacy and financially-based literacy projects at public and private elementary, middle and high schools in five states. Administered through City National's award-winning Reading is The way up® literacy program, this year's program will award up to $75,000 in both literacy and financial literacy gr...
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