City National Bank Drops Its Prime Interest Rate to 8.00 Percent.LOS ANGELES--(BUSINESS WIRE)--Oct. 16, 1998--City National Bank (NYSE NYSE See: New York Stock Exchange :CYN CYN Canyon ), a federally chartered commercial bank headquartered in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , has dropped its prime rate from 8.25 percent to 8.00 percent effective Friday, Oct. 16, 1998. The premier business and private bank for Southern California, City National Bank is a federally chartered, $5.7 billion commercial bank. City National now has 37 banking offices throughout Los Angeles, Orange, San Diego, Riverside and Ventura counties. City National Corporation is a publicly owned corporation whose stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CYN. For more information about City National, our Fax-On-Demand Information Service is at 800/873-5293, and City National's Web page is at http://www.cityntl.com. |
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