LAS VEGAS, Jan. 15, 2009 (GLOBE NEWSWIRE) -- City National Bank today announced its philanthropic performance in Nevada for 2008 and the extensive nonprofit organizations and charitable causes it supported last year. The bank contributed monetary and in-kind support of more than $100,000 to nearly 50 nonprofit and community organizations in 2008.
Volunteer outreach continued to be an integral part of the bank's philanthropic performance last year. Bank colleagues donated more than 1,000 hours in volunteer service, which included serving on nonprofit boards, reading to students at various elementary schools and staffing charitable events such as the Magical Forest event in Las Vegas.
"Our community outreach last year was very impressive given the challenges we all faced with the struggling economy," said John Guedry, executive vice president and Nevada region manager of City National Bank. "This year will be equally as challenging as last year as we try to help more nonprofit organizations with fewer dollars. We have become more creative in our approach to helping our community partners."
Guedry added that if more businesses would see the value of giving back to the communities they serve, the growing needs of our schools, health and human services organizations and other worthy charitable causes would be met by a greater number of caring companies and their colleagues. "While our monetary support to nonprofit groups will be impacted by the economy, our in-kind support and volunteer outreach will continue to be strong."
Following is a list of nonprofit organizations City National helped with monetary, in-kind and volunteer support in 2008:
- American Cancer Society - American Heart Association - American Medical Foundation - American Red Cross - Associates to End Domestic Violence - Austin's House - Big Brothers Big Sisters of Southern Nevada - Blind Center of Southern Nevada - Boys & Girls Club of Western Nevada - Carson/Douglas High School Rodeo Club - C.C. Meneley Elementary (At-Risk School) - Clark High School Academy of Finance - Douglas County Food Chest - Eagle Valley Children's Home - Elmcrest Elementary School (At-Risk School) - Family and Child Treatment Center of Southern Nevada - Helen Jydstrup Elementary (At-Risk School) - HELP of Southern Nevada - John C. Fremont Elementary (At-Risk School) - Juvenile Diabetes Research Foundation (JDRF) - Keep Memory Alive - Lance Armstrong Foundation - Las Vegas Area Council of the Boy Scouts of America - Las Vegas Northwest Rotary Club - Lied Discovery Children's Museum - Lois Craig Elementary (At-Risk School) - Las Vegas Rescue Mission - March of Dimes - Muscular Dystrophy Association - Nature Conservancy - Nevada Association of Latin Americans (NALA) - Nevada Cancer Institute - Nevada Children's Foundation - Nevada Partnership for Homeless Youth - Olive Crest - Opportunity Village - Rape Crisis Center - Rotary International Foundation - Safe Nest - Southern Highlands Charitable Foundation - Southern Nevada Police Athletic League - St. John Greek Orthodox Church - Trinity Episcopal Church Carson City - United Blood Services - United Way of Southern Nevada - UNLV Foundation - UNR "Starting Five" Foundation - Western Nevada Community College Foundation - YMCA of Southern Nevada
City National strongly encourages its senior level officers to serve on the board of directors of at least one nonprofit organization each year. The bank contributes financial, in-kind and volunteer assistance to nonprofit institutions and organizations that enhance the quality of life and promote public interest where the company conducts its business. The four main areas of the bank's philanthropic outreach include education, health and human services, community development, and arts and culture.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $16.3 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 eight majority-owned investment affiliates manage or administer $52.4 billion in client investment assets, including $33 billion under direct management.
City National has eight branch offices in Nevada, including four in Las Vegas and one each in North Las Vegas, Reno, Carson City and Minden. The bank also has loan production offices in Reno and Stateline in South Lake Tahoe.
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For more information about City National, visit the company's Website at cnb.com.