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City National Bank Celebrating 10-Year Anniversary Of Its Literacy Program By Awarding $100,000 In Literacy Grants

Stocks in this article: CYN

Applicants from the same school may apply individually or as part of a team.  Each team may receive up to $1,500. Over the past seven years the bank has awarded over $500,000 in literacy grants.

Past grants have been used for everything from literacy computer programs to art/reading projects to field trips. In one case, an elementary school used the funds to make 20 Galileo telescopes to facilitate the use of reading, writing, math, engineering and science skills. In another, funds were used to create a Reading Fluency and Comprehension program through the use of technology.

For more information about the Reading is The way up Literacy Grants Program, visit www.readingisthewayup.org or send an e-mail to rwu@cnb.com.

About Reading is The way up®

Originally established to help improve the education of California's future leaders, City National in April 2002 launched the multi-faceted Reading is The way up initiative to restock the state's school library system. The program has since been expanded to include all areas where the bank has a presence.

To date, the bank has:

  • Donated more than 115,000 books to Nevada, California and New York and Nashville school libraries
  • Awarded more than $500,000 to teachers in elementary, middle and high schools for creative literacy projects
  • Awarded $10,000 to the Children's Defense Fund-California Urban Lights Freedom Schools program in support of after school enrichment curriculum
  • Received the 2005 President's Volunteer Service Award, the 2005 Corporate Philanthropy Award from the Los Angeles Public Library, the 2006 Corporate Award from the Getty House Foundation, and honored as the 2007 Corporate Visionary Partner by The Wonder of Reading, and the Hugh O'Brien Youth Leadership Corporate Citizen Award.

The bank also has created the Reading is The way up Fund, a 501(c)(3) administered by the California Community Foundation, as a funding resource to purchase books for school libraries in California. For more information, visit www.readingisthewayup.org .

About City National

City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $24.8 billion in total assets, and provides banking, investment and trust services through 78 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. The company and its investment affiliates manage or administer $58.0 billion in client investment assets, including $32.1 billion under direct management.

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