City National Bank has announced that it will open a full-service banking office in the Crenshaw district of Los Angeles later this year. It is a move that brings a bank with deep roots in Los Angeles for over 63 years to the residents of an historic neighborhood.

Located at 3739 South Crenshaw Blvd., the new office will deliver City National's relationship-focused personal and business banking capabilities to individuals and their families as well as small businesses, nonprofit organizations, professionals and investors.

“As part of our growing commitment to Los Angeles and our expanding resources, we look forward to opening this new office in the heart of L.A.'s historic and vibrant Crenshaw neighborhood," said City National Bank Chairman and Chief Executive Officer Russell Goldsmith.

“This historic step and investment in the Crenshaw area demonstrates that our company and its colleagues are deeply committed to directly providing the community's entrepreneurs, professionals and families with the unique and compelling capabilities of personal service, relationship banking solutions and investment management that City National is known for."

The new banking office will offer a full range of financial services, including wealth management, mortgages and traditional business loans, as well as Small Business Administration, or SBA, loans.

Read more about the new office here.