LOS ANGELES, Jan. 19, 2011 (GLOBE NEWSWIRE) - City National Bank has won 10 excellence awards for business banking from Greenwich Associates, a leading global financial services research and consulting firm.
This is the sixth consecutive year that City National has been recognized for its performance serving the financial needs of growing companies.
In each of these business banking categories, City National was recognized for:
- Overall satisfaction (national)
- Overall satisfaction (western region)
- Financial stability
- Relationship manager performance, based on innovative advice, prompt client follow-up, product specialist coordination, client visit frequency and knowledge of treasury management
- Website performance
City National also was recognized for excellence in treasury management. The bank received a national and regional award for treasury management overall satisfaction as well as awards for accuracy of operations, customer service and product capabilities.
"These awards are especially gratifying because they reflect recognition from our clients," said Rod Banks, executive vice president and manager of Commercial Banking Services at City National. "City National was founded by entrepreneurs in 1954 to serve entrepreneurs and we are known nationwide for our service to businesses. We are thrilled to accept these awards for the sixth year in a row."
"Treasury Services' commitment to excellence has once again been reflected by our recognition from Greenwich," said James Daley, executive vice president of Treasury Services. "This is the result of hard work by our colleagues - who consistently deliver superior sales, products and service to our clients."
As part of these annual awards, Greenwich Associates evaluated more than 750 banks and less than 5 percent of those eligible received an award. Results were based on interviews of more than 10,000 executives at mid-sized businesses with sales of $10 million to $500 million.
Business Banking Services
City National's comprehensive range of small business and commercial banking services includes loans and lines of credit; business deposit and treasury management services; international banking and foreign exchange; and check and Visa® commercial credit cards. The bank is a preferred lender under the U.S. Small Business Administration and SBAExpressprograms.
City National also offers its expertise in a wide range of segments, including agribusinesses; entertainment; media and communications; manufacturing; distribution; and professional services, including accounting, healthcare and law firms.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $21.8 billion in total assets, and provides banking, investment and trust services through 75 offices, including 17 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. The company and its investment affiliates manage or administer $56.9 billion in client investment assets, including nearly $36 billion under direct management.
About Greenwich Associates
Greenwich Associates is the leading global research-based consulting firm in institutional financial services. Greenwich's studies provide benefits to the buyers and sellers of financial services in the form of benchmark information on best practices and market intelligence on overall trends. Based in Stamford, Connecticut, with additional offices in London, Singapore, Toronto and Tokyo, the firm offers over 100 research-based consulting programs to more than 250 global financial-services companies.