LOS ANGELES, March 18, 2008 (PRIME NEWSWIRE) - City National Bank today announced that it will lower its prime lending rate from 6.00 percent to 5.25 percent, effective March 18, 2008.
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 $59 billion in client investment assets, including $37.3 billion under direct management.
The City National Bank logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3143
For more information about City National, visit the company's Website at cnb.com.
CONTACT: City National Bank
Christopher J. Carey