Friday, January 8, 2016

City National Corp: A Bank Holding Company

Operating as a bank and financial holding company, City National Corporation carries out its transactions through its wholly owned subsidiary, the City National Bank. The business holds its corporate office in Beverly Hills, California.

As a financial services company, City National Bank offers a wide range of banking, trust and investment services. The operations of the company cover the areas of Southern California, New York City, Nashville, Nevada, San Francisco Bay area and Atlanta. Their offerings are marketed to individuals, families, businesses and select institutions. They have 75 banking branches, which include 16 full service regional centers. There are three segments within their operations, Commercial and Private Banking, Wealth Management and Others.

Recognized as one of the top wealth managers, City National Corporation remains publicly traded on the New York Stock Exchange. Common shares of the business are marketed using the ticker symbol CYN. The company is listed as one of the components of the Russell 3000 Index.

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