LOS ANGELES--(BUSINESS WIRE)--Nov. 7, 2002--City National Banktoday announced that it will lower its prime lending rate from 4.75percent to 4.25 percent effective November 7, 2002.
City National Corporation (NYSE:CYN) is a financial servicescompany with $11.3 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 11 full-service regionalcenters, in Southern California and the San Francisco Bay Area. Thecompany has more than $19 billion in investment and trust assets undermanagement or administration.
For more information about City National, visit the company's Website at cnb.com.
CONTACT:City National BankFrank Pekny, (310) 888-6700 (Financial/Investors)email@example.comCary Walker, (213) 833-4715 (Media)firstname.lastname@example.org