City National Bank Increases Its Prime Interest Rate to 8.00%.LOS ANGELES--(BUSINESS WIRE)--July 1, 1999-- City National Bank, a federally chartered commercial bank with headquarters 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 increased its prime rate from 7.75 percent to 8.00 percent effective Thursday. City National Corporation's principal subsidiary is City National Bank, the largest independent bank with headquarters in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . A federally chartered, $6.3 billion commercial bank, City National now has 40 offices throughout Los Angeles, Orange, San Diego, Riverside, San Bernardino 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 CYN Canyon . For more information about City National, call the company's Fax-On-Demand Information Service at 800/873-5293, or visit City National's Web page at http://www.cnb.com. |
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