|City National Corporation (the Corporation) is a bank holding company and a financial holding company. The Corporation provides a range of banking, investing and trust services to its clients through its wholly owned banking subsidiary, City National Bank (the Bank). The Bank is a national banking association and operating through 79 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay area, Nevada and New York City. The Bank's principal client base consists of small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. As of December 31, 2011, it had five consolidated asset management affiliates, in which it held a majority ownership interest. The Corporation has three segments: Commercial and Private Banking, Wealth Management, and Other. In July 2012, the Bank acquired Rochdale Investment Management, a New York City-based investment firm.