LOS ANGELES, Feb 2, 2005 (BUSINESS WIRE) - City National Bank,the second largest independent bank headquartered in California, todayannounced that it will raise its prime lending rate from 5.25 percentto 5.50 percent effective February 2, 2005.
About City National
City National Corporation (NYSE:CYN) is a financial servicescompany with $14.2 billion in total assets. Its wholly ownedsubsidiary, City National Bank, is California's Premier Private andBusiness Bank(R). It provides banking, investment and trust servicesthrough 52 offices, including 12 full-service regional centers, inSouthern California, the San Francisco Bay Area and New York City. Thecompany and its affiliates manage more than $16 billion of clienttrust and investment assets. Assets under management or administrationamount to more than $35 billion.
For more information about City National, visit the company'sWebsite at cnb.com.
SOURCE: City National Bank
City National Bank
Christopher J. Carey, 310-888-6777 (Investors)
Cary Walker, 213-833-4715 (Media)