City National Corp., Beverly Hills, said last week that it had agreed to buy North American Trust Co., San Diego, for $11.5 million in cash.

The deal would boost City National's trust and investment business by more than 40%, to $14.2 billion of assets under administration and management.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.