This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom today.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
City National Bank Moves Headquarters to Downtown LA
Photo: blogdowntown
As new residents flock to downtown, so do businesses. Last week, City National Corp. announced that it will move its corporate headquarters and subsidiary, City National Bank, from Beverly Hills to downtown Los Angeles. "The move is symbolic in nature -- few if any personnel will make a move -- but is important in terms of Downtown's place in the financial world," according to blogdowntown. "While Downtown Los Angeles was historically home to a number of prominent banks, decades of mergers and acquisitions have left the Central City almost void of the financial headquarters." Although some banks like U.S. Bank have naming rights to building tops, they do not have headquarters in downtown or even California. Only a handful of banks make Central City their home.
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
