NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aug. 1, 2005--CityNational Bank, the largest bank headquartered in Southern California,today opened its Newport Center office, the last of the company'sthree new branches scheduled to open this year in Orange County.
The Newport Center banking office, located at 500 Newport CenterDrive (near Fashion Island), offers a full range of financialservices, including commercial, private, business trust andinvestment, international banking and cash management. Brian Skelton,vice president, will manage the Newport Center branch, and DavidGonzalez, assistant vice president, will be the client servicesmanager.
"We couldn't be more pleased to open our newest office in NewportCenter," said Kevin Dunigan, executive vice president, Core Bankingdivision. "Newport Center is a great central location from which toserve local entrepreneurs, professionals, investors and their familieswho demand the sophisticated financial solutions that City National isable to provide."
Earlier this year City National announced plans to add three newbranches in Newport Beach, Anaheim and at its South Orange Countyoffice in the Irvine Spectrum. The South Orange County office openedin February and the Anaheim office opened in July. All three newlocations offer a full range of financial services.
City National Bank also has continued to add talented colleaguesin Orange County. In January, the bank hired Joe McHugh, senior vicepresident, Southside regional banking manager, to oversee consumer andsmall business banking operations in the area. New colleagues werehired to staff the new branches. And City National will soon announcethe addition of a three-member private banking team at its NewportCenter office.
This year marks City National's 30th anniversary in Orange County.The bank opened its first office in Newport Beach in 1975. Its secondOrange County office, which opened in March 1976 in Newport's LidoVillage, featured a sail-up teller window.
With the opening of its Newport Center office, City National cannow serve clients from seven Orange County locations. In addition to afull-service regional center in Irvine (near John Wayne Airport), CityNational operates branches in Anaheim, Irvine, La Palma, Los Alamitos,Newport Beach and a north Orange County commercial banking center inLa Palma.
About City National
City National Corporation (NYSE: CYN) is a financial servicescompany with $14.5 billion in total assets. Its wholly ownedsubsidiary, City National Bank, is the second largest independent bankheadquartered in California. As California's Premier Private andBusiness Bank(R), City National provides banking, investment and trustservices through 54 offices, including 12 full-service regionalcenters in Southern California, the San Francisco Bay Area and NewYork City.
City National is ranked among America's top companies in Forbesmagazine's "Super 500" list. It also is one of the nation's top wealthmanagers, according to Barron's magazine. The company and itsaffiliates manage more than $17 billion of client trust and investmentassets. Assets under management or administration amount to $37billion.
For more information about City National, visit the company'sWebsite at cnb.com.
City National Bank
Linda Mueller, 213-833-4719
Cary Walker, 213-833-4715
SOURCE: City National Bank