LOS ANGELES, Jan. 22, 2008 (PRIME NEWSWIRE) - City National Bank today announced that it will lower its prime lending rate from 7.25 percent to 6.50 percent, effective January 22, 2008.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $15.5 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 $59 billion in client investment assets, including $37.1 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.primenewswire.com/newsroom/prs/?pkgid=3143
CONTACT: City National Bank
Christopher J. Carey