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City National Bank to Increase Its Prime Interest Rate to 3.50 Percent

LOS ANGELES, Dec. 16, 2015 (GLOBE NEWSWIRE) -- City National Bank today announced that it will increase its prime lending rate from 3.25 percent to 3.50 percent, effective December 17, 2015.

About City National

With $35.6 billion in assets, City National Bank provides banking, investment and trust services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. In addition, the company and its investment affiliates manage or administer $59.4 billion in client investment assets.

City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 38 other countries.

For more information about City National, visit the company’s website at cnb.com.

Media: Debora Vrana, City National Bank, 213.673.7631 Debora.vrana@cnb.com

Source:City National Bank

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