About City National Bank
City National Bank is a company based in Los Angeles (United States) founded in 1954 was acquired by Royal Bank of Canada in November 2015. It operates as a Commission-Based, and Subscription Services. City National Bank has completed 5 acquisitions, including Convergent Capital Management, Convergent Wealth Management and Exactuals. City National Bank offers products and services including Personal Banking, Business Banking, Wealth Management, International Banking, and Private Banking. City National Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Los Angeles, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name City National Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$700 K (USD), Grant
Aug 20, 2009
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Investors
Royal Bank of Canada
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Convergent Capital Management
& 4 more
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Acquired by
Royal Bank of Canada
(Nov 02, 2015)
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Products & Services of City National Bank
City National Bank offers a comprehensive portfolio of products and services, including Personal Banking, Business Banking, Wealth Management, International Banking, and Private Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal banking services are provided for individual clients.
Business banking solutions are offered for corporate clients.
Wealth management services are delivered to high-net-worth individuals.
International banking services are provided for global transactions.
Private banking solutions are tailored for affluent clients.
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Leadership Team
223 people
Software Development Team
130 people
Sales and Marketing
34 people
Product Management Team
23 people
Data Analysis and Operations Team
19 people
Finance and Accounting
15 people
Legal and Compliance
15 people
Business Team
9 people
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Funding Insights of City National Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $700,000
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First Round
First Round
(20 Aug 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2009 | Amount | Grant - City National Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in City National Bank
City National Bank has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Royal Bank of Canada and U.S. Department of the Treasury. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government.
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Founded Year | Domain | Location | |
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Comprehensive banking and financial services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by City National Bank
City National Bank has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Convergent Capital Management, Convergent Wealth Management and Exactuals. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based payroll management is delivered to enterprises in creative sectors.
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2011 | ||||
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Wealth Management firm
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2010 | ||||
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Investment advisory services are provided to clients.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - City National Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
City National Bank Comparisons
Competitors of City National Bank
City National Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on City National Bank
Frequently Asked Questions about City National Bank
When was City National Bank founded?
City National Bank was founded in 1954 and raised its 1st funding round 55 years after it was founded.
Where is City National Bank located?
City National Bank is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
What does City National Bank do?
City National Bank is established as a provider of personal, business, and private banking services. Solutions are offered across various sectors including commercial real estate, entertainment, healthcare, and technology. Comprehensive financial products are provided, such as checking and savings accounts, loans, credit lines, and international banking. Wealth management and investment advisory services are also delivered to high-net-worth individuals and families. Tailored banking solutions are developed to meet the specific needs of diverse industries and client groups.
Who are the top competitors of City National Bank?
What products or services does City National Bank offer?
City National Bank offers Personal Banking, Business Banking, Wealth Management, International Banking, and Private Banking.
How many acquisitions has City National Bank made?
City National Bank has made 5 acquisitions, including Convergent Capital Management, Convergent Wealth Management, and Exactuals.
Who are City National Bank's investors?
City National Bank has 2 investors. Key investors include Royal Bank of Canada, and U.S. Department of the Treasury.
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