City National Bank Lowers Prime Lending Rate to 6.75% in 2025

City National Bank Reduces Prime Lending Rate

In a significant move announced on December 10, 2025, City National Bank has decided to lower its prime lending rate from 7% to 6.75%, effective December 11, 2025. This decision reflects the bank's ongoing commitment to enhance borrowing opportunities for its customers amid changing economic conditions.

Founded in 1954, City National Bank is a key player in the U.S. banking landscape, especially in California. It operates as a subsidiary of the Royal Bank of Canada (RBC), boasting approximately $98 billion in assets as of October 31, 2025. Historically, the bank has established itself as a leading regional bank, focusing on various sectors including Wealth Management, Private Banking, and Commercial Banking.

By reducing the prime rate, City National Bank aims to create a more favorable environment for personal loans, business lending, and other financial products. With lower interest rates, consumers and businesses alike may find it easier to access credit, which can stimulate spending and investment in the local economy. This sort of financial maneuver is particularly timely as the economic climate shifts and uncertainty persists in various sectors.

City National Bank operates a broad network of branches across key regions, including Los Angeles, Orange County, San Diego, and New York City. Furthermore, its reach extends to cities like Las Vegas, Nashville, and Miami, highlighting the bank's strategic positioning in essential markets within the United States.

In addition to its direct banking services, the bank and its affiliates manage client investment assets exceeding $109 billion, which includes a range of investment products tailored to meet diverse client needs. This capability positions City National as a competitive player in wealth and asset management, essential services for affluent individuals and institutions.

Notably, City National Bank actively contributes to community welfare. In 2024, it committed nearly $10 million to local charities, supporting various nonprofit initiatives aimed at strengthening the communities in which it operates. This commitment to social responsibility underscores the bank's philosophy of giving back, ensuring that its success also translates into community upliftment.

With this latest move to lower its prime lending rate, City National Bank looks to reinforce its dedication to facilitating financial growth for its clients while adapting to the broader economic landscape. The decision may foster greater lending activity, encouraging consumers and businesses to take advantage of lower borrowing costs.

For more detailed information about City National Bank and its services, interested individuals can explore their offerings at cnb.com. Being attuned to these changes is crucial for both consumers looking to make financial decisions and businesses preparing for new lending opportunities in the near future.

As we approach 2026, it will be interesting to observe how other banks respond to this rate cut and what implications it may have for interest rates across the financial services industry.