LAS VEGAS, July 16, 2008 (PRIME NEWSWIRE) - City National Bank today announced that it has donated $2,500 to the Women's Development Center as part of its ongoing support for affordable housing programs in southern Nevada. Women's Development Center (WDC) is a 501(c)3 nonprofit organization that first opened its doors in 1990, bringing an era of hope, support and opportunity to economically disadvantaged women and children in southern Nevada.
"Women's Development Center is another great organization that City National is proud to support with both monetary and human resources," said John Guedry, executive vice president and Nevada region manager of City National Bank, and board member of WDC. "There are a growing number of economically disadvantage women and families in our area that are striving to become financially independent, and with a helping hand from organizations like Women's Development Center they can realize their dream of self-sufficiency."
WDC owns and maintains several homes and apartments throughout southern Nevada, providing safe, sanitary and decent housing for low-income families and individuals. WDC's ultimate goal is to end the cycle of poverty by helping individuals and families reach complete self-sufficiency.
WDC recognizes that basic necessities such as food, clothing and housing are just the beginning. To assure its clients' transition to successful living, WDC follows through with an individualized action plan that addresses everything from employment, household management and budgeting to health, social issues and child care.
"These are very challenging times for everyone, including our corporate partners, which is why we very much appreciate City National Bank's generosity and continued support of our mission," said Candace Ruisi, executive director of WDC. "The number of clients we're serving today has increased by more than 25 percent from last year, and is expected to rise even further by this time next year. The need for our services is more critical today than ever before."
WDC assigns individual caseworkers to the various properties that it owns to provide its clients with on-site support services. These properties also provide low-income women with child care services that provide children with fun and learning activities while their mothers attend education programs. WDC recently expanded its services to also help low-income seniors who need affordable housing and other basic necessities.
WDC offices are located at 4020 Pecos McLeod. For more information about WDC services, call 796-7770 or visit the nonprofit group's website at www.wdclv.org.
City National Bank 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 four main areas of the bank's philanthropic outreach include education, health and human services, community development, and arts and culture.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $15.9 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 eight majority-owned investment affiliates manage or administer nearly $56 billion in client investment assets, including $35.9 billion under direct management.
City National has nine branch offices in Nevada, including five in Las Vegas and one each in North Las Vegas, Reno, Carson City and Minden. The bank also has loan production offices in Reno and Stateline in South Lake Tahoe.
For more information about City National, visit the company's Website at cnb.com.
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CONTACT: City National Bank
Paul C. Stowell