Bram Goldsmith, the chairman emeritus of City National in Los Angeles, has died. He was 93.
Goldsmith died Sunday of natural causes at his home in Beverly Hills, Calif., a City National spokeswoman said Monday. A public memorial service has been scheduled for Friday at the Bram Goldsmith Theater at the Wallis Annenberg Center for the Performing Arts in Beverly Hills, according to a news release from the bank.
Goldsmith, the father of current Chairman and Chief Executive Russell Goldsmith, was CEO of City National Bank from 1975 to 1995. Goldsmith had also been chairman since 1975 and passed the reins as chairman to his son on Oct. 1, 2013.
City National was acquired by Royal Bank of Canada in November, and the subsidiary continues to operate under its traditional name.
Goldsmith remained a director and had been an active member of the board's strategy and planning committee. He attended the committee's most recent meeting in February, according to the release.
Goldsmith was one of the first investors of City National, when a group of Los Angeles businessmen established the bank in 1953. The group also included Goldsmith's father-in-law, Ben Maltz. The founders created the bank to specialize in lending to entrepreneurs and to the real estate and entertainment industries in Los Angeles.
Goldsmith also served as a leader of several Jewish organizations in Los Angeles, including the Jewish Federation Council of Greater Los Angeles and the Los Angeles United Jewish Fund Campaign.
Kate Berry contributed to this article.