City National Corp. increases quarterly cash dividend.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. , Calif.--(BUSINESS WIRE)--Jan. 23, 1997--The board of directors of City National Corp. (NYSE NYSE See: New York Stock Exchange :CYN CYN Canyon ) Thursday announced a 22 percent increase in the regular quarterly common stock cash divided to 11 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , up from 9 cents per share. The dividend is payable Feb. 13, 1997 to shareholders of record as of Feb. 3, 1997. City National'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 $4.2 billion commercial bank based in Beverly Hills, City National has 29 offices throughout Los Angeles, Ventura, Orange and San Diego counties. Four new offices and an expansion in Riverside County will be added with the pending merger of Riverside National Bank into City National Bank. For more information about City National, please call our Fax-On-Demand Information Service. The 24-hour toll-free number is 800/873-5293 CONTACT: City National Bank Frank Pekny, Financial, 310/888-6700 James Dunnigan, Media, 310/888-6636 or Golin/Harris Gary Brotman, 213/623-4200 |
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