City National Bank (New Jersey)
| Company type | Private |
|---|---|
| Industry | Banking |
| Defunct | November 1, 2019 |
| Headquarters | Newark , United States |
Area served | New York metropolitan area |
| Products | Commercial banking services |
City National Bank was a regional financial institution based in Newark, New Jersey, maintaining four branches within the New York metropolitan area. As of June 2011, it held the position of the seventh largest commercial bank owned and managed by African Americans in the United States.
By January 2018, the bank's branch network had reduced to three locations—two situated in New Jersey and one located in Harlem—compared to its highest count of nine branches in 2009.
On November 1, 2019, the Office of the Comptroller of the Currency ordered the closure of City National Bank of New Jersey. The FDIC was appointed as receiver, with Industrial Bank, a comparable Black-owned institution headquartered in Washington D.C., assuming control of all deposits and the majority of assets.