This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

City National Opens First Ground-Floor Branch In New York City

NEW YORK, June 10, 2013 (GLOBE NEWSWIRE) -- City National Bank announced today that it has opened its first ground-floor banking office in Manhattan on the corner of 6 th Avenue and 44 th Street as part of its continuing expansion in New York City, which it began in 2002. The company's growing New York Entertainment Division will move to the full second floor above the new branch from its current location on Park Avenue to be closer to the Broadway theater district. In addition, City National will open a second ground-floor office in its New York headquarters building on Park Avenue later this fall.

"City National has been successfully growing its team and its client base in Manhattan for the last decade, serving the city's entrepreneurs, professionals, investors and their families, primarily in the entertainment, legal and small business sectors," said Russell Goldsmith, chairman and chief executive officer of City National Bank.

"With this new branch, and the one we will open later this year on Park Avenue, we are expanding our commitment and capabilities and accessibility and visibility in New York City to provide our clients with a fuller range of City National resources and services," Goldsmith said. "The branches are designed to deliver a personal, service-oriented, client-friendly banking and investment experience that combines state-of-the-art technology, outstanding personnel, and special architectural and aesthetic features reflective of the unique premier private and business bank that City National is today."

This new branch will bring the total number of City National colleagues in the state of New York to nearly 300, with 200 of them located in Manhattan. 

  • City National currently provides banking services for more than half of all the Broadway shows, including "Book of Mormon," "Kinky Boots" and "Lucky Guy."
  • The company provides banking and wealth management for more than 60 law firms as well as many other businesses and professional service firms throughout Manhattan and the surrounding tri-state area. 
  • Last year, City National made two acquisitions in the state of New York. The bank purchased Rochdale Investment Management, which is headquartered in Manhattan and is being combined with City National Asset Management to form City National Rochdale, with $19 billion* in client assets. It also purchased nationwide equipment leasing firm First American Equipment Finance, with $325 million in assets, headquartered in Rochester, New York.  
  • City National is now the 24 th largest American commercial bank and has been listed by Barron's as one of the nation's top 40 wealth management firms for the past 12 consecutive years.

The new City National office at 1140 Sixth Avenue has some special features. At nearly 13,000 square feet, the two-story office was designed by Bohlin Cywinski Jackson, widely known for the design of Apple, Inc. stores worldwide, with distinctive features such as lounge-type client representative desks that eliminate the typical teller line and a multi-story chiseled French limestone feature wall with stone and glass cantilevered stairs to the second floor.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,056.99 -65.02 -0.38%
S&P 500 1,994.10 -6.02 -0.30%
NASDAQ 4,557.3110 -12.31 -0.27%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs