LOS ANGELES, Feb. 4, 2010 (GLOBE NEWSWIRE) -- City National Bank has won nine Excellence Awards for small business and middle market banking from Greenwich Associates, a leading global financial services research and consulting firm.
This is the fifth consecutive year that City National has been recognized for its performance serving small businesses and middle market companies.
In each of the small business and middle market banking categories, City National was recognized nationally for:
- Overall satisfaction;
- Financial stability; and
- Relationship manager performance, based on innovative advice, prompt client follow-up, product specialist coordination, client visit frequency and knowledge of treasury management.
City National also was recognized for excellence in treasury management. In the middle market banking category, the bank received a national award for Treasury Management Customer Service. In the small business category, it received a regional award for Overall Satisfaction in Treasury Management. One additional regional award was given to City National for Overall Satisfaction in the middle market.
Greenwich evaluated more than 750 banks across the country to determine the winners of this year's awards for small business and middle market banking. Judging results were based on interviews of:
- More than 17,000 executives at small businesses with sales of $1 million to $10 million; and
- More than 13,000 executives at mid-sized businesses with sales of $10 million to $500 million.
Business Banking Services
City National's comprehensive range of small business and commercial banking services includes loans and lines of credit; business deposit and treasury management services; international banking and foreign exchange; and check and Visa® commercial credit cards. The bank is a Preferred Lender under the U.S. Small Business Administration and SBAExpress programs.
City National also offers its expertise in a wide range of segments, including agribusinesses; entertainment; media and communications; manufacturing; distribution; and professional services, including accounting, healthcare and law firms.
Financial Stability
City National has earned a strong reputation as a company that is safe and sound, conservatively managed, consistently profitable and well-capitalized, with capital ratios easily exceeding government standards for a well-capitalized institution. City National has been ranked in the top 25 percent of the nation's 150 largest banks based on performance for four consecutive years by Bank Director magazine.
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $21.1 billion in total assets, and provides banking, investment and trust services through 72 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. The company and its eight majority-owned investment affiliates manage or administer $55.1 billion in client investment assets, including more than $35 billion under direct management.
For more information about City National, visit the company's Website at cnb.com.
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About Greenwich
Greenwich Associates is the leading global research-based consulting firm in institutional financial services. Greenwich's studies provide benefits to the buyers and sellers of financial services in the form of benchmark information on best practices and market intelligence on overall trends. Based in Stamford, Connecticut, with additional offices in London, Singapore, Toronto and Tokyo, the firm offers over 100 research-based consulting programs to more than 250 global financial-services companies.