M&A Deal Summary

City National Acquires Business Bank

On November 1, 2006, City National acquired financial services company Business Bank for 161M USD

Acquisition Highlights
  • This is City National’s 2nd transaction in the Financial Services sector.
  • This is City National’s largest (disclosed) transaction.
  • This is City National’s 2nd transaction in the United States.
  • This is City National’s 1st transaction in Nevada.

M&A Deal Summary
Date 2006-11-01
Target Business Bank
Sector Financial Services
Buyer(s) City National
Deal Type Add-on Acquisition
Deal Value 161M USD
Advisor(s) Squire Sanders (Legal)

Target

Business Bank

Nevada, United States
Business Bank Corp. is the parent of Business Bank of Nevada, a bank that was founded in 1995.

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Buyer(S) 1

Buyer

City National

Los Angeles, California, United States
Category Company
Founded 1953
Sector Financial Services
Employees3,638
Revenue 1.3B USD (2014)
DESCRIPTION
City National branch in New York City.
City National branch in New York City.

City National Bank provides banking, investment and trust services through 75 branches and offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National was formed in 1953 and is based in Los Angeles, California.

DEAL STATS #
Overall 2 of 7
Sector (Financial Services) 2 of 7
Type (Add-on Acquisition) 2 of 4
State (Nevada) 1 of 2
Country (United States) 2 of 7
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-19 Civic BanCorp

Oakland, California, United States

CivicBank of Commerce is a bank that serves the Bay Area of California. It was formed in 1984 and is based in Oakland.

Buy $113M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-18 Imperial Capital Bank

La Jolla, California, United States

Imperial Capital Bank is a La Jolla, California based bank that was formed in 1973.

Buy -
Mergr

Product

Company

Legal