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|City National Corporation Completes Acquisition of Convergent Capital Management LLC|
LOS ANGELES--(BUSINESS WIRE)--April 1, 2003--City National Corporation (NYSE:CYN) today announced that it has completed its acquisition of Convergent Capital Management LLC, including the Chicago-based company's majority ownership interests in eight asset management firms and minority interests in two more.
The transaction closed today, following regulatory approval. Terms were described in City National Corporation's January 31, 2003, announcement.
About City National
On December 31, 2002, City National Corporation had assets of $11.9 billion. Its wholly owned subsidiary, City National Bank, is the second largest independent bank headquartered in California. As California's Premier Private and Business Bank(R), City National delivers banking, trust and investment services through 54 offices, including 12 full-service regional centers, in Southern California, the San Francisco Bay Area and New York City.
For more information about City National, visit the company's Web site at www.cnb.com.
CONTACT: City National Corporation Frank Pekny, 310/888-6700 (Investors) Frank.firstname.lastname@example.org or Cary Walker, 213/833-4715 (Media) Cary.email@example.com SOURCE: City National Corporation