IRVINE, CA – City National Bank, California’s Premier Private and Business Bank®, today announced that it has reached a significant milestone in its history in Orange County. The bank entered the county 40 years ago today when it opened its first branch office in Newport Beach on April 28, 1975. The branch was located near the water’s edge at Lido Village where it housed a Float-in Window that allowed clients the convenience of doing their banking from their boats.
Four decades later City National’s presence in Orange County now includes a Regional Center at 18111 Von Karman Avenue in Irvine, along with seven full-service branches located throughout the region. What also began with a handful of employees 40 years ago has grown into more than 110 colleagues serving in all areas of the bank including Core Banking, Private Client Services, Commercial Banking Services, Real Estate, City National Rochdale, Treasury Management, Trust & Estate Planning, Residential Lending, and more.
“We are very proud of what City National has accomplished in Orange County the past 40 years,” said Kevin Dunigan, executive vice president and Orange County regional executive of City National. “Our success is directly linked to the clients and communities we serve. If our clients succeed then we’ve done our job, and over the past four decades we have helped thousands of entrepreneurs, their businesses and families on The way up in Orange County.”
Wire Cut Company, Inc. is a great example of a company that City National has helped grow and expand in Orange County since it was founded by Milton Thomas in 1978. Wire Cut is an electrical discharge machining (EDM) company that uses state-of-the-art equipment to meet the needs of its expanding client base in the medical, aerospace and semi-conductor industries. Wire Cut employs over 35 people and is located in a 20,000 square foot facility in Buena Park, which City National financed. Over the past four decades City National has provided Wire Cut with a number of banking products and services including business loans and lines of credit, depository, treasury management, investment banking, and more.
“City National has been a great banking partner for us ever since we entered Orange County nearly four decades ago,” said Milt Thomas, founder and owner of Wire Cut. “Our business requires a banking partner that listens and understands our financial needs, which City National has done consistently the past 37 years. Wire Cut wouldn’t be where it is today without City National’s ongoing support.”
Complete Benefits is another company that exemplifies the wonderful clients City National has been serving the last 40 years in Orange County. Since 1973, Complete Benefits through its founder Roger Groves has been helping companies create total pension and employee benefits packages that save them time and money, attract and retain valuable employees, maximize tax savings, and achieve economic benefits for owners and key executives. Complete Benefits is licensed to do business in multiple states for both insurance and securities products. The company utilizes a number of City National’s personal and business lending products such as mortgage and total line of credit, depository services, online and investment banking, and more.
In addition to helping businesses grow and become more successful throughout Orange County the past 40 years, City National has also helped hundreds of nonprofit organizations become stronger and more vibrant. In recognition of this support the bank today is awarding $40,000 to forty nonprofit groups. Dozens of bank colleagues today are delivering forty $1,000 grants to forty deserving nonprofit and community-based organizations as part of City National’s 40th Anniversary celebration. These organizations are listed in alphabetical order further on in this release.
“Community outreach is an integral part of our success in Orange County,” Dunigan added. “We’re only as strong as our communities and awarding an additional $40,000 to so many wonderful nonprofit agencies throughout the county reaffirms our commitment to the region.”
In Orange County last year, City National contributed over $300,000 to more than 130 nonprofit groups, while its colleagues donated over 1,800 hours of volunteer service to the community. Last year, City National overall contributed over $4.6 million to more than 1,800 nonprofit organizations while its colleagues donated over 23,000 hours of volunteer service.
City National contributes financial, in-kind and volunteer assistance to nonprofit institutions and organizations that enhance the quality of life and promote public interest where the company conducts its business. The main areas of the bank’s community outreach include, but are not limited to, education, health and human services, community development, and arts and culture.
About City National
City National Corporation (NYSE: CYN) has $32.7 billion in assets. The company’s wholly owned subsidiary, City National Bank, provides banking, investment and trust services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National and its investment affiliates manage or administer $62.0 billion in client investment assets, including $48.4 billion under direct management.
For more information about City National, visit the company’s Website at cnb.com.
Following is a list of the forty nonprofit organizations that are receiving community grants as part of City National’s 40th Anniversary celebration:
- Alzheimer’s Association of Orange County
- America On Track
- Art and Creativity for Healing
- Ben Carlson Memorial & Scholarship Foundation
- Bolsa Chica Conservancy
- Breast Cancer Angels
- Casa Romantica Cultural Center & Gardens
- Catholic Charities of Orange County
- Crystal Cove Alliance
- CSP – Huntington Beach Youth Shelter
- Cub Scouts Pack 621
- Cystic Fibrosis Foundation of Orange County
- Harbor Interfaith Services
- HomeAid Orange County
- Howard’s Team
- Interval House
- JDRF – Orange County Chapter
- Laguna Art Museum
- Laguna Concert Band
- Laurel House
- Las Damas
- Memon Organization of North America
- National Council on Alcoholism and Drug Dependence – Orange County (NCADD-OC)
- Northwood Little League Challenger Division
- Ocean Institute
- Orange County Child Abuse Prevention Center
- Orange County Congregation Community Organization
- Orange County United Way
- Orangewood Children’s Foundation
- Pacific Marine Mammal Center
- Patriots and Paws
- Project Hope
- Project Self Sufficiency Foundation
- Segerstrom Center for the Arts
- Serra Catholic School
- St. Cecilia School
- Student Achievement Guided by Experience (SAGE Scholars)
- Surfrider Foundation
- Surfing Heritage & Culture Center
For images related to this story, go to the following links:
https://www.cnb.com/PublishingImages/Newport-beach.png (Caption: City National enters Orange County in 1975 with the opening of its Newport Lido Village branch.)
https://www.cnb.com/PublishingImages/lido-exterior-2.png (Caption: City National’s Newport Lido Village branch provided clients with the convenience of a Float-In Window.)
https://www.cnb.com/PublishingImages/irvine-exterior-1.png (Caption: City National opened its Orange County Regional Center at 18111 Von Karman Avenue in Irvine in 2001.)
https://www.cnb.com/PublishingImages/anaheim-exterior.png (Caption: City National opened its Anaheim branch at 2401 Katella Avenue in 2005.)
https://www.cnb.com/PublishingImages/cnb-grove.png (Caption: An Anaheim landmark became the City National Grove of Anaheim in 2010.)
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Paul C. Stowell, City National Bank, 213.673.7602