City National Bank to Increase Its Prime Interest Rate to 8.75%.Business Editors LOS ANGELES--(BUSINESS WIRE)--Feb. 2, 2000 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. , will increase its prime rate from 8.50 percent to 8.75 percent, effective Feb. 3, 2000. City National Corp., with $7.2 billion in assets, 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 &uot;CYN CYN Canyon .&uot; 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 the largest independent bank with headquarters in Southern California. City National Bank has 46 offices throughout Los Angeles, Orange, Riverside, San Diego, San Bernadino and Ventura counties. For more information about City National, call its 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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