City National Bank is a mid-sized, publicly traded bank (NYSE: CYN) that provides individual and business customers with banking, lending, and wealth management products and services. The bank emphasizes that it is not a Wall Street bank, but rather a California-based institution focused on its community.
On its individual banking side, City National Bank offers a range of depository products and loans to meet its customers’ needs. Several checking account options offer a variety of features, requirements, and interest incentives. City National Bank’s savings accounts allow customers to choose either a basic savings account or one that functions electronically, without paper statements. Money market accounts give customers the opportunity to earn higher rates of interest by maintaining larger minimum balances. Certificates of deposit have minimum initial deposit requirements and range in term lengths. City National Bank provides international banking services as well, which could be useful to U.S. citizens living abroad or who travel frequently. Those international services include wire transfers, currency management, foreign currency exchange, and foreign currency deposit accounts.
City National Bank online banking provides an easy way for customers to perform tasks like account management, Bill Pay, check image viewing, stop payment orders, and mobile banking. The bank has released a mobile smartphone app to make it simple for customers to perform those account related tasks while on the go. Customers of the bank can also pay for Quicken services to be linked with their deposit accounts for personal financial management.
City National Bank was established in 1954 in order to serve entrepreneurs and professionals in the entertainment and real estate industries in Beverly Hills, California. Since then, the bank has moved its headquarters to Los Angeles, California, and has expanded its customer base across the United States, serving them through numerous branches.
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Broker Cd Updates
As of March 30 2023 most broker cds appear to be flushed out of the system especially for long term, banks are flush, and not needing further funding. The crisis is over and the Fed can continue to raise rates to quell the labor shortage and high inflation.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17281 |
| Year Established | 1953 |
| Employees | 7522 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 6.37% |
| Annual Interest Income | $2.35B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $92.25B$94.6B |
| Loans | Q2 2024vs Q2 2023 | $62.84B$66.48B |
| Deposits | Q2 2024vs Q2 2023 | $76.41B$73.92B |
| Equity Capital | Q2 2024vs Q2 2023 | $10.79B$8.28B |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $734.8MM$657.8MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $349.1MM$275.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$920K |
