City National Bank is a subsidiary of City National Bancshares, a one-bank holding company, founded in 1973.
The Newark-based bank was established to
ata-slot="/21868623726/site264.tmus/amp2" data-multi-size="320x50,300x250" data-multi-size-validation="false" rtc-config='{"vendors": {"prebidappnexuspsp": {"PLACEMENT_ID": "27198239"}}, "timeoutMillis": 500}'> serve minority residents and business owners whose access to mainstream financial resources were historically limited. In 1971, Newark businessmen Charles L. Whigmam spearheaded a grass roots campaign to raise capital for City National Bank. Under his direction, 1,800 stakeholders purchased 60,000–raising $1.2 million.More than thirty-five years later, City National Bank ranks as the New Jersey’s largest black-owned and operated commercial bank.
With ten branch locations in New Jersey, New York, and Pennsylvania, Central National Bank caters to the diverse banking needs of families, faith-based organizations, non-profit organizations and businesses within various service communities.