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City National Bank to Increase its Prime Interest Rate to 7.00%

LOS ANGELES — City National Bank announced today that it will increase its prime lending rate from 6.25% to 7.00%, effective Nov. 3, 2022.

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City National Rochdale, LLC is a SEC-registered investment adviser and wholly-owned subsidiary of City National Bank. Registration as an investment adviser does not imply any level of skill or expertise. City National Bank is a subsidiary of the Royal Bank of Canada. City National Bank provides investment management services through its subadvisory relationship with City National Rochdale. Brokerage services are provided through City National Securities, Inc., a wholly-owned subsidiary of City National Bank and Member FINRA / SIPC.

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