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City National Opens Second Ground-Floor Bank Branch In New York City

Stocks in this article: CYN

Continues more than 10 years of steady growth in Manhattan Dynamically enhances a key corner on Park Avenue

NEW YORK, Dec. 2, 2013 (GLOBE NEWSWIRE) -- City National Bank announced today that it has opened its second ground-floor banking office in Manhattan this year, located in its New York headquarters building at the corner of Park Avenue and 54 th Street.

The new two-story branch, plus two more floors of bankers, expands City National's total square footage in the newly refurbished 400 Park Avenue building to nearly 44,000 square feet, enlarging its significant presence in Midtown. The branch continues City National's steady expansion in New York, which began in 2002. A total of 70 colleagues will be located in the new branch as well as in other offices in the building, bringing the number of City National colleagues in New York City to more than 200, including those at its other new branch office and Entertainment Division at 6 th and 44 th and those colleagues at City National Rochdale Investment Management in the historic General Electric building on Lexington Avenue. The new branch will supplement the bank's longstanding private and business banking as well as wealth management services that have been and remain available at 400 Park.

"With this large new branch on Park Avenue, we are expanding our accessibility and visibility in New York City, as well as our commitment and capabilities, to provide clients with an even greater range of City National's remarkable resources, relationship banking and wealth management," said Russell Goldsmith, chairman and chief executive officer of City National Bank. "City National has been successfully growing in Manhattan for over a decade, serving a growing number of the city's entrepreneurs, professionals, small and mid-sized businesses, entertainment and sports industry professionals, as well as investors and their families. This new branch is designed to deliver the personal service and client-friendly banking experience City National is known for and to showcase the bank's state-of-the-art technology for its clients."

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