City National Bank was a

regional bank A regional bank is a depository institution, i.e. a bank, savings and loan, or credit union, which is larger than a community bank, which operates below the state level, but smaller than a national bank, which operates either nationally or intern ...

headquartered in

Newark, New Jersey Newark ( , ) is the most populous city in the U.S. state of New Jersey and the seat of Essex County and the second largest city within the New York metropolitan area.New York metropolitan area The New York metropolitan area, also commonly referred to as the Tri-State area, is the largest metropolitan area in the world by urban area, urban landmass, at , and one of the list of most populous metropolitan areas, most populous urban agg ...

. According to the June 2011 issue of ''Black Enterprise'' magazine, it was the seventh largest African-American owned and operated commercial bank in the United States. As of January 2018, the bank had 3 branches, down from a peak of 9 in 2009: 2 in New Jersey and 1 in Harlem. On Friday, November 1, 2019, City National Bank of New Jersey was closed by the

Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all nation ...

. The

FDIC The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credi ...

was named receiver. Industrial Bank, a similar Black-owned bank headquartered in Washington D.C., acquired all deposit accounts and essentially all assets.

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* {{Authority control Companies based in Newark, New Jersey Banks established in 1972 Banks disestablished in 2019 Banks based in New Jersey Bank failures in the United States Defunct banks of the United States Black-owned companies of the United States African-American history in Newark, New Jersey