City National Bank to Decrease Its Prime Interest Rate to 6.75 Percent.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--June 27, 2001

City National Bank today announced it will decrease its prime rate from 7.00 percent to 6.75 percent, effective June 28, 2001.

City National Corp., with $8.9 billion in assets, is a publicly owned Publicly owned can refer to:

Public company, a company which is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange
Public ownership, of government-owned corporations

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 ." The corporation's wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners. , City National Bank, is California's Premier Private and Business Bank(SM), with 48 banking offices throughout Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Francisco, San Mateo, Santa Clara and Ventura counties.

For more information about City National Bank, visit www.cnb.com.

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Jun 27, 2001
Words:	109
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