City National Corp.'s 2Q2015 Financial Results
July 23, 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.
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...
LOS ANGELES, Sept. 28, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN) today announced an election deadline of 3 p.m. Eastern time on October 29, 2015, unless extended, for City National common stockholders to elect the form of consideration they wish to receive in the company's previously announced merger with Royal Bank of Canada (RBC).
The election materials are being sent to City National's common stockholders in anticipation of the merger closing on or about November 2, 20...
LOS ANGELES, Aug. 26, 2015 (GLOBE NEWSWIRE) -- City National Bank, America's Premier Private and Business BankSM, today announced that colleagues of the bank collected over 1,150 backpacks filled with school supplies as part of its 6th Annual Back-to-School Supplies Drive held this month. The bank is donating the backpacks filled with supplies to 37 elementary schools and four nonprofit groups in California, Nevada, New York, Georgia and Tennessee.
What began six years ago by a handful of co...
Total assets reach $33.8 billion
Loans increase $1 billion in the quarter to a new record of $21.9 billion; total balances grow 19 percent from a year-ago, with commercial loans up 21 percent
Deposits up 11 percent to all-time high of $29.5 billion
LOS ANGELES, July 23, 2015 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today reported second-quarter 2015 net income of $68.5 million, up 5 percent from $65.5 million in ...
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