IRVINE, Calif.--(BUSINESS WIRE)--Jan. 2, 2001--
Facility Includes Branch, Commercial Banking Center, Private Banking and Investment Services Offices
City National Bank today announced the opening of a new SouthOrange County banking center at Irvine's Lakeshore Towers developmentat 18111 Von Karman Ave., near the John Wayne airport and the 405Freeway.
The new banking center includes a branch banking office, acommercial banking center, a private banking office and an investmentservices office, all relocated from nearby locations.
According to Dallas Haun, executive vice president for CityNational's South Coast Region, the move brings together four of thebank's busiest units into one state-of-the-art facility that is easilyaccessible by clients. "We were outgrowing our spaces at the otherlocations," said Haun. "By combining these offices into one centrallocation, we can increase our operating efficiencies and better serveour Orange County clients."
Haun noted that City National Bank, which was founded more than 46years ago in Beverly Hills, Calif., is the largest independent bankwith headquarters in Southern California and has more than 25 years'experience serving the needs of businesses and affluent individuals inthe Orange County market.
The branch, private banking office and investment services officereplace units formerly located at 4685 MacArthur Court in NewportBeach, Calif., approximately a mile away. The South Orange Countycommercial banking center was formerly located at 9 Executive Circlein Irvine. Haun noted that the branch banking office located at 9Executive Circle will remain open for business.
James McCloskey, vice president, who can be reached at949/223-4004, manages the new branch banking office. The commercialbanking center is managed by Ron Minekime, senior vice president, whocan be reached at 949/223-4036. Sheri Grady, senior vice president,who can be reached at 949/223-4053, manages the private bankingoffice. The investment services office is managed by David Reagan,vice president, who can be reached at 949/223-4020.
About City National
City National Corp. is a publicly owned corporation with $8.7billion in total assets whose stock is traded on the New York StockExchange under the symbol "CYN." The corporation's wholly ownedsubsidiary, City National Bank, is California's premier private andbusiness bank(SM), with 48 offices in Los Angeles, Orange, Riverside,San Bernardino, Ventura, San Diego, San Francisco and San Mateocounties. In addition, the bank's trust and investment division, CityNational Investments, has $15.5 billion in assets under management oradministration. For more information about the corporation, visit theWeb page at http://www.cnb.com.
|Kim George, 213/833-4715|
|Denis Wolcott, 213/891-2822 ext. 220|