City National Bank

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City National Bank

Address:
500 Esplanade Drive
Oxnard, CA 93036

phone:(805) 981-2700

M-F 9-5
ATM Hours: M-F 7am-8pm, Sat 9-4

Company History

More Than 50 Years of Service and Success

2009
City National acquires the banking operations of Imperial Capital Bank in an FDIC-assisted transaction, adding approximately $3.3 billion in assets and $2.1 billion of deposits.
City National establishes a banking office in San Jose – its first in this attractive market – and opens its second branch in downtown San Francisco. The San Jose office also is designated as the bank’s 16th regional center.
The company acquires Lee Munder Capital Group, a Boston-based investment firm that manages assets for corporations, pensions, endowments and affluent households. City National and its seven consolidated investment affiliates manage or administer more than $55 billion in client assets.
The company marks its 17th consecutive year of profitability despite challenging business conditions, earning $51.3 million.

2008
The bank forms a new commercial banking team at its New York Regional Center.
City National and the United States Department of Commerce's U.S. Commercial Service announce a partnership to boost exports from U.S. businesses and help simplify international trade, particularly for small- and medium-size businesses.
The bank opens its Manhattan Beach banking office to better serve the Manhattan Beach-El Segundo business corridor.
City National's first solar power system – a 48-kilowatt rooftop solar array – goes online at its Inland Empire Regional Center in Riverside. During its lifespan, the system will eliminate the release of more than 1,660 tons of carbon dioxide emissions – the environmental equivalent of more than 5.4 million vehicle miles not driven.
The company marks its 16th consecutive year of profitability, achieving its highest levels of capital, assets and loans.

2007
City National opens a new banking office at Hughes Center in Las Vegas (giving the company eight locations in Nevada and 62 overall) on the same day Business Bank of Nevada unveils its new City National signage.
City National acquires Nevada-based Business Bank Corporation, which has seven offices in Las Vegas, North Las Vegas, Reno, Carson City and Minden, and moves past $15 billion in total assets.
City National acquires Lydian Wealth Management, which changed its name to Convergent Wealth Advisors and became an affiliate of Convergent Capital Management LLC. The firm is headquartered in Washington, D.C. and has offices in New York, Philadelphia, Chicago, Atlanta, Los Angeles, Seattle and Portland, Ore. It offers wealth management consulting services to individuals and families with account minimums of $10 million.
Barron's magazine recognizes City National as one of America's top wealth managers for the seventh consecutive year.
Bank Director magazine ranks City National No. 10 on its annual Bank Performance Scorecard, which lists the top 150 performing banks in the nation. It is City National's third consecutive year in the top 10.

2006
City National Bank forms a joint business alliance with The Bank of East Asia Ltd., the largest independent bank in Hong Kong, to benefit clients who invest or do business in China, as well as those seeking Chinese distributors for American-made goods.
City National acquires Independence Investment LLC, a 24-year-old investment firm that manages assets for foundations, endowments and pension plans.
City National introduces City National E-Deposit, allowing business clients to scan checks and electronically transmit the images to City National for deposit directly from their office.

2005
Christopher J. Warmuth is named president of City National Bank, succeeding George H. Benter, Jr., who stepped down after 13 years of service. Mr. Warmuth is only the sixth president in the bank's 52-year history.
The bank opens a new banking office in the Bunker Hill section of downtown Los Angeles; City National now has four banking offices from which to serve its downtown clients.
City National marks its 30th anniversary in Orange County, Calif., opening three new banking offices in Anaheim, Irvine and Newport Beach. This brings its total number of locations serving the county to seven.

2004.
The bank begins its move into the newly renamed City National Tower in downtown Los Angeles; more than 800 colleagues will occupy 12 of the tower's 52 stories.
City National marks its 50th anniversary in business, serving California entrepreneurs, their businesses and their families.
Total assets exceed $14 billion for the first time.

2003
The bank leases more than 300,000 square feet of office space in a landmark downtown Los Angeles property known for more than 30 years as ARCO Plaza; the property and its south tower will be renamed for City National.
City National climbs 40 positions in the "Forbes Super 500" to rank No. 460.
The company acquires Convergent Capital Management LLC, an asset management holding company with majority interests in eight asset management firms and minority interests in two more.
City National's Walnut Creek and Palo Alto regional centers open.
City National Corp.'s total assets hit $13 billion and market capitalization tops $3 billion for the first time.

2002
City National opens an office in New York – its first outside California.
City National cracks the "Forbes Super 500" list for the first time ever.
Reading Is The Way Up, City National's statewide literacy program, is launched with a $100,000 grant to support California public school libraries.
City National acquires Oakland-based Civic BanCorp, nearly doubling its assets in Northern California.
Total assets hit $11.9 billion, and assets under management or administration top $19 billion.

2001
City National launches new products including Online Cash Management, Online Foreign Exchange and Online Letters of Credit.
The company updates its brand identity with a new logo as the bank moves into a new century.
The company's total assets reach $10 billion; assets under management or administration exceed $18 billion.

2000
City National expands into Northern California with the purchase of The Pacific Bank. Banking offices are located in eight California counties, from San Diego to San Francisco.
The company purchases Reed, Conner & Birdwell, a Los Angeles-based investment management firm specializing in asset management for high-net-worth clients and institutions.
City National's total assets reach $9.0 billion.

1999
City National purchases American Pacific State Bank, doubling its presence in the San Fernando Valley.
City National launches Online Banking.
The company's total assets are $7.2 billion.

1998
City National acquires Harbor Bank of Long Beach and adds a 401(k) retirement services capability with the acquisition of San Diego's North American Trust Company.

1997
City National acquires Riverside National Bank, La Palma-based Frontier Bank and Ventura County National Bancorp.

1996
City National becomes the largest independent bank headquartered in Southern California.

1995
Russell Goldsmith is named Chairman and Chief Executive Officer.
The company makes its first major acquisition, the purchase of First Los Angeles Bank.City National has 16 branches and $3.3 billion in total assets.

1990
City National begins trading on the New York Stock Exchange.

1981
The Trust Department manages almost $1 billion of trust assets for clients.1979

The bank expands to San Diego County with the opening of its La Jolla office.
1978
City National's total assets top $1 billion for the first time.

1975
Bram Goldsmith is named Chairman of the Board and Chief Executive Officer.
City National expands into Orange County, Calif., with the opening of its Newport Beach office. New offices also are opened in Torrance and Encino.

1970
City National trades for the first time over-the-counter at $19.25 per share.

1967
City National opens its 24-story Pershing Square office - at the time, one of the tallest buildings in downtown Los Angeles.
The bank's offerings range from international, trust and investment services to the new all-purpose Master Charge.
1958

With assets of $66 million, City National ranks 409th among 14,000 U.S. banks.

1955
City National moves into its corporate headquarters at 400 North Roxbury Drive in Beverly Hills. The company's headquarters remain there to this day.
Al Hart is appointed as President of the bank. Later, he would serve as Chairman of the Board and Chief Executive Officer.

1954
City National Bank opens for business on January 4. The new bank is committed to serving entrepreneurs, professionals and the entertainment and real estate industries.

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