|Back to main|
City National Bank and Barnes & Noble Donate Over 52,000 New Books Valued at Over $150,000 to Schools and Nonprofits in Four States
6th Annual Holiday Book Donation Program Sets New Record Again
LOS ANGELES, Feb. 4, 2014 (GLOBE NEWSWIRE) -- City National Bank'sReading is The way up® nonprofit literacy program, in partnership with Barnes & Noble, today announced the donation of 52,000 new books with a total value of more than $150,000 to 28 elementary and middle schools, as well as a handful of nonprofit groups, in California, Nevada, New York City, and Nashville, Tennessee.
In an effort to promote literacy and support the local community, the book donations were part of the 6th Annual Holiday Book Drive last December at Barnes & Noble, the world's largest book seller, in partnership with the Readingis The way up program at City National, which is also celebrating its 60th Anniversary this year.
(For an image related to this story, go to https://cnb.com/PublishingImages/nashville-tusculum.jpg. Caption: 28 Schools and nonprofit groups in four states are receiving new books this year.)
Customers at 16 Barnes & Noble stores in four states donated over 26,000 new books, which City National matched with $75,000 for an additional 26,000 new books to be purchased through Barnes & Noble by the school librarians at each of the schools receiving books. This donation also set a record for the number of books ever donated through this holiday program.
"Every year this program just seems to get better and better, even with today's economic challenges," said Carolyn Rodriguez, vice president and program administrator for City National Bank. "Literacy is at the heart of learning and City National is proud to partner with Barnes & Noble on this holiday book donation program. Since the inception of our Reading is The way up literacy program in 2002, we have now donated more than 225,000 new books to schools, libraries and nonprofit groups in five states."
The City National and Barnes & Noble Holiday Book Drive ran from December 1 through January 1 and included 16 stores in the four states where the bank has a presence. City National and Barnes & Noble representatives are presenting the book and monetary donations to school administrators and students at school assemblies over the next several weeks. The bank's literacy mascot "Blue" is also taking part in many of these donation presentations.
About City National
City National Corporation has $29.7 billion in assets. The company's wholly owned subsidiary, City National Bank, provides banking, investment and trust services through 77 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National and its investment affiliates manage or administer $64.7 billion in client investment assets, including $45.0 billion under direct management.
For more information about City National, visit the company's Website at cnb.com.
About Reading is The way up®
Seeking to better the education of our future leaders, City National in April 2002 launched a multi-faceted initiative to restock the state's school library system. Since then, the award-winning program has:
The Reading is the Way up Fund is a 501(c)(3) administered by the California Community Foundation. For more information, visit www.readingisthewayup.org.
Following is a list of schools and nonprofit groups in the four states receiving new books and monetary support from City National and Barnes & Noble:
CONTACT: Media Contact: Paul C. Stowell, City National Bank, 213.673.7602 email@example.com