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California Federal Bank, known as CalFed, was a retail bank and real estate lender headquartered in Los Angeles, California, that operated under a federal savings bank charter. In 2002, it operated 352 branches , most of which were in California , when acquired by Citigroup .
In 1946, Broadway Federal Savings and Loan Association was founded by a group of civic minded people to provide bank services to minorities in the greater Los Angeles area, who were not being serviced by any of the existing financial institutions. The bank received its charter on November 26, 1946 with an initial investment of $150,000.
City National Bank (CNB) is a bank headquartered at City National Plaza in Los Angeles, California. CNB was founded in 1957, and since 2015 is a subsidiary of the Toronto-based Royal Bank of Canada. It is the 30th largest bank in the United States as of December 31, 2023. [1]