City National Bank (CA)

Overview / Commentary

www.cnb.com

213-673-9900

555 S. Flower Street
Los Angeles, CA 90071

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.

City National Bank - 5 Year @5% Brokered CD - Current Bid @ $100.769 At Fidelity - 8/17/2023

City National Bank's 5% Brokered CD offered in March can now be sold, if you had bought them in March, for a small profit plus accrued interest less mark down of 0.10%. It appears this is the only 5% Brokered CD from March which can be sold now at a profit. All others issued by Discovery etc., you would have to take a loss if you have a need to liquidate. IMO, for those who believe that long term rates can go higher in the months ahead, with current US Treasury 5 Year hovering @ 4.45%, 10 Yeas @ 4.31% and 20 Year @4.41%, here is the chance to cash out your City National Bank 5 year brokered CD and take advantage of the current better-return short term t-bill rates such as 28 day @ 5.38% while waiting for better opportunities.

View all posts from:

2023
2011
2009
Earlier

8/17 - City National Bank - 5 Year @5% Brokered CD - Current Bid @ $100.769 At Fidelity
3/23 - Brokered 5-Year CD At 5%

8/11 - City National Bank Reserves Right To Charge Its FDIC Insurance Costs To Checking, Savings, Etc. Account Customers.

7/23 - 2.25% 12-Month CD & 2.50% 12-Month IRA CD at Sun West Bank in Nevada - Local Only

Reviews (2)

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Great Bank With Good Customer Service

Posted by: asybilru79 | Oct 12, 2018

I worked here and personally banked at their San Francisco location for over 15 years. I have nothing but great things to say about the bank, the top notch customer service they provide, and how they run the organization. Great products, knowledgeable bankers and stick to traditional banking for growth (no risky business). A cool note, they bank nearly half of Hollywood, so you may see a famous person while visiting a branch.

Broker Cd Updates

Posted by: anonlol | Mar 29, 2023

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.

Comment

Health

Data as of Q4 2023

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. City National Bank (CA) has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	17281
Year Established	1953
Employees	7425
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	-1.65%
Return on Equity - YTD	-17.82%
Annual Interest Income	$4.34B

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$93.37B$96.5B
Loans	Q4 2023vs Q4 2022	$63.51B$65B
Deposits	Q4 2023vs Q4 2022	$75.6B$75.45B
Equity Capital	Q4 2023vs Q4 2022	$10.31B$6.98B
Loan Loss Allowance	Q4 2023vs Q4 2022	$716.8MM$599.1MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$301.7MM$215MM
Real Estate Owned	Q4 2023vs Q4 2022	$0$0

Rates

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