Business Description
City National Corporation, a Delaware corporation organized in 1968, is a
bank holding company and a financial holding company under the Gramm-Leach-Bliley
Financial Modernization Act of 1999 (the "GLB Act"). The Corporation
provides a wide range of banking, investment and trust services to its clients
through its wholly-owned banking subsidiary, City National Bank (the "Bank"
and together with the Corporation, its subsidiaries and its asset management
affiliates the "Company"). The Bank, which has conducted business
since 1954, is a national banking association headquartered in Los Angeles,
California and operates through 75 offices, including 16 full-service regional
centers, in Southern California, the San Francisco Bay area, Nevada, New York
City, Nashville, Tennessee and Atlanta, Georgia.
The Company had four consolidated asset management affiliates in which it held
a majority ownership interest. The Company also had one unconsolidated subsidiary,
Business Bancorp Capital Trust I. The Company provides comprehensive financial
solutions to affluent individuals, entrepreneurs, professionals, their businesses
and their families. The Company provides a premier banking and financial experience
through an uncommon dedication to extraordinary service, proactive advice and
complete financial solutions.
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