City National Bank was founded in 1954 and is based in Los Angeles, California. City National has been dubbed “bank to the stars” since at least 1990 because of its connections to the entertainment industry.
City National Bank opened a Manhattan branch in 2002 and has financed many Broadway productions.
Wikipedia: City National Bank (California)
City National Bank is an American financial institution headquartered in Los Angeles, California, owned by City National Corporation (NYSE: CYN), with total assets of $21.8 billion (as of September 30, 2010). As of 2011, it is the 25th largest bank in USA. It was founded in 1954.
City National offers a full complement of banking, trust and investment services through 76 offices, including 17 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. After the closure or merger of many Los Angeles banks, it has become the largest bank headquartered in the Greater Los Angeles Area. It also acts as a processing bank, providing back office services such as checking account processing and check clearance services for smaller local banks that do not do their own processing.
City National Bank is a national bank, regulated by the Office of the Comptroller of the Currency, Department of the Treasury. City National Bank should not be confused with the former Cleveland-based National City Bank, or First National City Bank, the former name of Citibank.
. Opened an office in New York City in 2002 to serve California clients who do business on both coasts and prospective clients in Manhattan.
1 May 1990, Los Angeles (CA) Times, “The Times 100 The Best Performing Companies in California” by James Bates, Business, pg. 10:
Finishing at the top for the second year in a row was City National Corp. in Beverly Hills, an institution with a reputation as a “bank to the stars” that…
15 January 1993, Los Angeles (CA) Times, “City National Posts a Profit in 4th Quarter,” pg. D3:
City National, often called the “bank to the stars” because of its wealthy entertainment customers and close ties to influential players, has for months…
Treasury probes bailout award to City National
By David Lawder and Anurag Kotoky
Fri Jan 2, 2009 7:38pm GMT
WASHINGTON/BANGALORE (Reuters) - The Treasury confirmed on Friday it is reviewing its decision to award nearly $400 million in federal bailout funds to California lender City National Corp’s (CYN.N) City National Bank.
City National is sometimes called “bank to the stars” due to its heavy concentration of loans and wealth management clients in the entertainment industry.
Music Row draws L.A. bank
City National hopes to sign ‘star’ clients
Written byAnita Wadhwani
9:03 AM, Jun. 9, 2011
A Los Angeles-based bank with more than $21 billion in assets and longtime ties to the Hollywood entertainment industry has opened its first Music Row offices.
City National Bank has many clients in the film and music industries, and its private banking relationships with high-profile customers have earned it the nickname “bank to the stars.”
The company also works with entertainment companies to finance music, film and stage endeavors, currently backing about 40 percent of all Broadway shows as well as Hollywood films like The Kids Are All Right. Last year it made nearly $1 billion in loans to entertainment clients, according to Securities and Exchange Commission filings.
New York City • Banking/Finance/Insurance • (0) Comments • Wednesday, June 08, 2011 • Permalink