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In July 1978, National Detroit Corporation announced the pending acquisition of the Alpena-based Peoples Bank and Trust of Alpena for about $11 million in cash and notes. [19] In February 1979, National Detroit Corporation announced the pending acquisition of the Benton Harbor-based Farmers and Merchants National Bank. [20]
In December 2015, the bank announced it would sell Turkish subsidiary Finansbank to the Qatari QNB Group, in order to pay down its expensive central bank debt. Including €910 million of subordinate debt, a sum of €2.75 billion in cash was agreed upon. [31] In 2015 National Bank of Greece announced it would sell NBGI Private Equity. [32]
Total assets. $91.5 billion. Parent. Royal Bank of Canada. Website. cnb.com. City National Bank (CNB) is a bank headquartered at City National Plaza in Los Angeles, California. CNB was founded in 1957, and since 2015 is a subsidiary of the Toronto -based Royal Bank of Canada. It is the 30th largest bank in the United States as of December 31, 2023.
Huntington Bancshares
Acquisition of Credit Suisse by UBS
Citizens Financial Group
National Bank of Canada
Collapse of Silicon Valley Bank