City National News

Investing in regional banks strong enough to buy failed banks from the Federal Deposit Insurance Corp.

Fitch Ratings has determined that City National Corporation's recently announced FDIC-assisted acquisition of Imperial Capital Bank does not have implications for CYN's current ratings .

City National Bank today announced that it has hired seasoned banking veteran Bruce Ford as vice president and Nevada Business Banking manager in its Core Banking Division.

Imperial Capital Bank's nine branches will reopen as branches of City National Bank Monday following the California Department of Financial Institutions' decision to closed La Jolla-based Imperial because of inadequate capital reserves.

Regulators have shut down Imperial Capital Bank in La Jolla, Calif., bringing to 138 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults.

City National Corporation today announced the acquisition of the operations of La Jolla, Calif.-based Imperial Capital Bank in an FDIC-assisted transaction.

City National Bank announced today it had hired private banking and wealth management veteran Kent A. Grubaugh as a senior vice president in its Private Client Services Group in San Francisco.

Seven U.S. banks were seized by regulators, bringing this yeara s total of failed lenders to 140 as financial companies are tested by the recession and the Federal Deposit Insurance Corp.

City National Bank didn't stay No. 2 for long. The Los Angeles institution, which had been the largest bank by assets in Southern California until rival East West Bank knocked it from its perch with an acquisition last month, has regained its status as the largest local bank by acquiring the assets of Imperial Capital Bank, a La Jolla institution ...

City National Bank announced today it had hired private banking and wealth management veterans Russel J. Upton and Rob Pitois in its Private Client Services Group in San Diego.

This morning, UBS downgraded shares of CBS from Buy to Neutral citing valuation concerns.

City National Bank today announced that it has invested $5 million in Neighborhood Housing Services of America to support NHSA's foreclosure mitigation efforts in California, Nevada and New York.

ENFIELD, Conn.-- --STR Holdings, Inc. today announced that the Company's President and Chief Executive Officer Dennis L. Jilot and Executive Vice President and Chief Fi... NEW YORK-- --Fitch Ratings has downgraded two classes of notes issued by Breithorn ABS Funding, p.l.c. as a result of continued credit deterioration in the portfolio since Fi...

City National Corporation today announced the pricing of a registered underwritten public offering of $250 million of 9.625 percent cumulative trust preferred securities.

City National Corp., headquartered in downtown Los Angeles, said late Thursday that it is selling $250 million of trust preferred securities due in 2040, some of which might be used to pay back government bailout funds.

"Subprime Risks: Overblown" was an article written by John W. Rogers, Jr. on September 17, 2007.

City National Bank today announced that it has hired longtime banking veteran Randy Boesch as senior vice president and manager of its Private Client Service group in Nevada.

City National Bank is partnering with Barnes & Noble this holiday season for a multi-state book drive that will celebrate the joy of reading and benefit our area schools.

JPMorgan Chase, Wells Fargo and other bank behemoths have bulked up over the past year.

City National Corp. reported a more than 52 percent drop in third quarter net income as Los Angeles' County's largest local bank more than doubled its provision for credit losses.