LOS ANGELES--(BUSINESS WIRE)--April 1, 2003--City NationalCorporation (NYSE:CYN) today announced that it has completed itsacquisition of Convergent Capital Management LLC, including theChicago-based company's majority ownership interests in eight assetmanagement firms and minority interests in two more.
The transaction closed today, following regulatory approval. Termswere described in City National Corporation's January 31, 2003,announcement.
About City National
On December 31, 2002, City National Corporation had assets of$11.9 billion. Its wholly owned subsidiary, City National Bank, is thesecond largest independent bank headquartered in California. AsCalifornia's Premier Private and Business Bank(R), City Nationaldelivers banking, trust and investment services through 54 offices,including 12 full-service regional centers, in Southern California,the San Francisco Bay Area and New York City.
For more information about City National, visit the company's Website at www.cnb.com.
CONTACT: City National Corporation Frank Pekny, 310/888-6700 (Investors) Frank.firstname.lastname@example.org or Cary Walker, 213/833-4715 (Media) Cary.email@example.com SOURCE: City National Corporation