M&A Deal Summary

City National Acquires Nevada Commerce Bank

On April 8, 2011, City National acquired financial services company Nevada Commerce Bank

Acquisition Highlights
  • This is City National’s 5th transaction in the Financial Services sector.
  • This is City National’s 5th transaction in the United States.
  • This is City National’s 2nd transaction in Nevada.

M&A Deal Summary
Date 2011-04-08
Target Nevada Commerce Bank
Sector Financial Services
Buyer(s) City National
Deal Type Special Situations/Distressed

Target

Nevada Commerce Bank

Las Vegas, Nevada, United States
Nevada Commerce Bank is a Las Vegas based bank that was formed in 2000.

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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 5 of 7
Sector (Financial Services) 5 of 7
Type (Special Situations/Distressed) 3 of 3
State (Nevada) 2 of 2
Country (United States) 5 of 7
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-07 1st Pacific Bank of California

San Diego, California, United States

1st Pacific Bank of California is a San Diego based bank that was formed in 2000.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 First American Equipment Finance

Rochester, New York, United States

First American Equipment Finance provides technology equipment financing solutions for middle market and investment-grade borrowers. Its clients include educational institutions, hospitals and health systems, large law firms, insurance underwriters, enterprise businesses, professional service businesses and nonprofit organizations.

Buy -
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