CENTURY CITY, Calif., Sept. 19, 2007 (PRIME NEWSWIRE) -- On October 1, City National Bank, California's Premier Private and Business Bank(r), will open its new Century City Regional Center in the Century Plaza Towers (2029 Century Park East), one of Century City's prime locations.
The 25,000-square-foot regional center includes a newly renovated branch office and an expanded private banking office. The bank will occupy space on the ground floor, mezzanine level and second floor.
City National's regional center will offer a variety of services to meet the financial needs of the rapidly growing Century City business and residential communities. Those services range from business credit and cash management to private banking, wealth management and business trust.
Private Banking, Wealth Management
"City National has strong ties to Century City," said Barbara Van Wormer, Private Banking senior vice president and manager. "We specialize in banking many of this community's real estate investors, law firms, medical partnerships and other professional services firms and nonprofit organizations. Our company understands this community, and we can react quickly to its needs with decisions that are made locally."
Century City is home to many of Southern California's leading law firms, and City National has developed a suite of products and services tailored to meet their unique banking and cash management needs - as well as the needs of their partners, associates and staff.
The company's private banking and wealth management services for high-net-worth clients include asset management, personal trust administration, personal custody, comprehensive tax and financial planning, customized lending, securities sales and trading services, and charitable giving programs.
Through City National Asset Management and nine majority-owned investment affiliates, City National manages or administers more than $57 billion in client investment assets. For six consecutive years Barron's magazine has named City National to its list of America's top wealth managers.
Century City Towers Banking Office
City National's newly renovated branch office at Century City Towers features two automated teller machines and a night drop facility, and will offer valet parking. The office is open from 9 a.m. until 4 p.m. Monday through Thursday and from 9 a.m. until 6 p.m. on Friday.
The Century City Towers Banking Office offers a full range of business and personal deposit and credit products, including lines of credit, commercial real estate and SBA loans, and commercial credit cards.
"One of the key strengths of the Century City Towers Banking Office is our client-centered, personal service - which is a recognized hallmark of City National," said A.J. Kroener, vice president and manager. "Another is our ability to meet all of the distinct business and personal financial needs of professionals, entrepreneurs and their small to mid-sized businesses."
City National has two branch offices in Century City. In addition to its Century City Towers office, the bank also operates the Century City office at 1800 Century Park East.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $15.8 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.
For more information about City National, visit the company's Website at cnb.com.
The City National Bank logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3143