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9
Mar

City National Corporation

By Susan Mitchell

City National Bank with total assets of $15.9 billion (as of March 31, 2008) is an American financial institution headquartered in Los Angeles, California, owned by City National Corporation and as of 2009, it was the 28th biggest bank in USA.

After the closure or merger of many Los Angeles banks, it has become the largest bank headquartered in the Greater Los Angeles Area.

Brief History

City National Bank was founded by a small group of Beverly Hills entrepreneurs in 1954 (one being Irving Klein). It expanded to Northern California in 2000 with the purchase of The Pacific Bank, followed by the acquisition of Oakland-based Civic BanCorp in 2002.

It has an established relationship with many entertainment industry clients and has deals with many exclusive and premier clients from various media: television, film, theater, arts.

Category : US Banks

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