The Los Angeles, California based City National Bank serves the growing business in Southern California.
History of City National Bank
The bank was founded in 1954, and since has gained $18.4 billion in total assets, more than 60 offices in Southern California, the San Francisco Bay area, Nevada, and New York City, New York. City National Bank was founded by a small group of entrepreneurs in Beverly Hills, Irving Klein being one of them. In 2000, the Los Angeles, California based City National Bank expanded into Northern California. And in 2002, the bank opened up a new office on the east coat in New York City, New York.
In 1963, Frank Sinatra’s son was kidnapped and held for a ransom. The Los Angeles, California based City National Bank paid the $240,000 ransom to free his son. Since its establishment, the bank appears to have only gained revenue and surpassed many milestones for its expansions and profits. The bank made a name for itself when it made a Forbes Magazine list of the best American companies, based on sales, market value, assets, and profits of the company. The Los Angeles, California based City National Bank also gained fame for making the list for the top wealth managers in American by Barron’s.
City National Bank Services
“The Way Up” is the company’s slogan, which represents the company’s financial solutions for their clients. It offers services to the professionals and their families. They also provide many services to clients in the entertainment business. The Los Angeles, California based City National Bank separates itself from the competition by having very personalized relationships with their clients and providing a wide range of products, like wealth management, commercial lending, and private banking.
For the wealth management, the company supplies personal trust administration, comprehensive tax planning, charity programs, securities sales, financial planning, custody services, assets management, trading services, deposit services, and customized lending. For client convenience, the bank offer online-banking, so the clients can take care of their accounts anywhere.
Other City National Offerings
One of the U.S. Small Business Administration’s and SBAExpress’ Preferred Leaders is City National Bank. The Los Angeles, California based City National Bank does banking for small businesses by meeting all business and personal related needs for the business owners. For the entertainment industry, City National provides services business managers, talent agencies, and production companies, making sure they meet the industry’s special requirements.
The Real Estate Division of the Los Angeles, California based City National Bank offers services in all of the sectors for real estate developers and investors. These major sectors are retail, residential, office, and industrial. In addition, City National Bank has services for credit lines, note purchases, exchanges, mortgage loans, loans for property, letters of credit, bridge loans, acquisition financing, and for construction financing.
These are only a few of the services the Los Angeles, California based City National Bank provides, also there are commercial banking services, treasury management services, business trust and investments, international banking services, and services for professional firms.
City National Bank has become one of the most profitable companies in the United States since its foundation in 1954. With over 60 offices in the country, the bank offers great convenience and reliance for its clients.