Kindergarten students, as well as City National and Barnes & Noble representatives will be at the book donation event on Feb. 5, along with City Councilman Tom LaBonge. Children in attendance at the event will all receive a new hardback book to take home. "Information is knowledge and knowledge is power," said Councilmember Tom LaBonge, whose district includes both Hancock Park and Third Street elementary schools. "I'm proud to support City National Bank's "Reading is the Way Up" program because it puts information in the hands of some of our most important citizens: elementary school children."
The books were made possible through a grant from City National Bank, which matched the 2,000 books donated by customers of Barnes & Noble at The Grove, as part of a holiday book drive sponsored by the bank. Other schools that will receive 1,000 new books include Rosewood Avenue Elementary School, Third Street Elementary School and Melrose Avenue Elementary School.
WHAT: City National's Reading Is The Way Up(r) Book Drive
WHO: Tom LaBonge, Los Angeles City Councilman
Dr. Judith Perez, principal, Hancock Park Elementary School
Erich Klein, regional manager, City National Bank
Matt Lohr, community relations manager, Barnes & Noble
WHEN: Thursday, February 5, 2009
Presentation: 10 a.m. to 11 a.m.
WHERE: Hancock Park Elementary School
408 S. Fairfax Avenue, (near the corner of 3rd and Fairfax)
Los Angeles, CA 90036
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $16.5 billion in total assets, and provides banking, investment and trust services through 62 offices, including 15 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. The company and its nine majority-owned investment affiliates manage or administer more than $47.5 billion in client investment assets, including more than $30.8 billion under direct management.
For more information about City National, visit the company's Website at cnb.com.
The City National Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3143
About Reading Is The Way Up(r)
Seeking to better the education of California's future leaders, City National in April 2002 launched a multi-faceted initiative to restock the state's school library system. Since then, the award-winning program has:
* Donated more than 35,000 books to California and Nevada school libraries.
* Awarded more than 275 teacher grants.
* Helped open 20 new elementary school libraries through its partnership with The Wonder of Reading in Los Angeles.
* Raised over $175,000 in charitable gifts from colleagues and clients through its Reading is the Way Up Fund.
The Reading Is The Way Up Fund is a 501(c)(3) administered by the California Community Foundation, and serves as a funding resource to purchase books for school libraries in California. For more information, visit www.readingisthewayup.org .
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: City National Bank
City National Bank