You will be redirected back to your article in seconds

Bram Goldsmith, Former CEO of City National Bank, Dies at 93

Bram Goldsmith, who served the financial needs of the entertainment industry when he was CEO of City National Bank, died on Feb. 28, the corporation confirmed in a statement.  He was 93.

He was chairman and CEO from 1975-1995. During his two-decade tenure, Goldsmith grew City National’s assets five-fold and navigated the company through two recessions. He contributed to the growth of the bank’s entertainment division, participating in some of its earliest film finance endeavors. Among the films City National financed were “Driving Miss Daisy” and “Purple Rain.”

The bank’s clientele has included Frank Sinatra, Robert Redford, Paul Newman, Cher and celebrity chef Wolfgang Puck.

Following a stint in the U.S. Army during WWII, Goldsmith moved from his native Chicago to Los Angeles in 1953 and founded City National with a group of local businessmen.  The bank, they decided, would specialize in the financial endeavors of entrepreneurs as well as professionals within the real estate and entertainment industries.

In total, he served as one of the company’s directors for 50 years, chairman of the City National Corporation for over 40 years and an active member of the company’s strategy and planning committee until his death, having just attended a meeting last month.

As a community leader and chairman of the Wallis Annenberg Cultural Center Foundation, Goldsmith also led the effort to convert the Beverly Hills Post Office into the Wallis Annenberg Center for the Performing Arts. He served leadership roles in other charitable organizations including the Jewish Federation Council of Greater Los Angeles and Los Angeles Philharmonic Association.

“My father was a remarkable man, truly one of a kind,” Goldsmith’s son Russell Goldsmith, who is City National’s current chairman and CEO, said in a statement.  “He accomplished an enormous amount during his long and rewarding life. Among other things, he established the high standards, reputation, values and value proposition that continue to define City National today.”

Goldsmith is survived by his wife, Elaine; his two sons Russell and Bruce; and five grandchildren.

More Biz

  • THE MASKED SINGER: L-R: Monster (T-Pain)

    New-Model Murdochs: Fox Corporation to Emerge Tuesday

    A new era for the Murdoch clan and the media business begins with the debut of Fox Corporation on Tuesday, a day before Disney completes its acquisition of 21st Century Fox. The new-model Fox will begin trading Tuesday on the NASDAQ under the FOXA symbol. On Tuesday, 21st Century Fox will initiate a complex transfer [...]

  • mark Beaven

    If Spotify Is Holding Town Halls for Songwriters, They Must Be Open (Guest Column)

    Earlier this month, Amazon, Google, SiriusXM and Spotify challenged the Copyright Royalty Board’s decision to increase the compulsory mechanical rates paid to songwriters by 44% over the next five years. The streamers have come under fierce criticism for the move, which they claim is over the complexities of the CRB’s rules but is widely assumed [...]

  • iHeartMedia Promotes Angel Aristone to Executive

    iHeartMedia Promotes Angel Aristone to Executive VP of Communications

    Angel Aristone has been promoted to executive vice president of communications for iHeartMedia, the company announced today. According to the announcement, Aristone will continue to position iHeart as a media and entertainment leader through proactive strategic communication efforts on both a local and national level. She will also continue to oversee media relations and external [...]

  • Kevin Tsujihara

    Kevin Tsujihara Out as Warner Bros. Chief Amid Sexual Impropriety Scandal

    Kevin Tsujihara has resigned his post as chairman-CEO of Warner Bros. following an investigation into his relationship with actress Charlotte Kirk and allegations he used his clout to help her find work at the studio. In a statement, Tsujihara said he realized “my continued leadership could be a distraction and an obstacle to the company’s [...]

  • TV Ad Sales Upfronts

    NBCUniversal, Sky Make Joint Ad Offering as TV Upfront Looms

    NBCUniversal and Sky PLC will offer joint packages of advertising services, a new effort to monetize the European satellite broadcaster, which was purchased by parent Comcast Corp. for $39 billion last year. Advertisers will be able to reach customers in sundry international markets as well as the United States, using inventory across NBCU and Sky [...]

  • Robert Iger and Rupert Murdochcredit: Disney

    Wall Street Applauds as Disney Nears Finish Line on Fox Acquisition

    Wall Street is rooting for Disney as the media giant reaches the finish line this week in its 15-month quest to acquire most of Rupert Murdoch’s film and TV empire. Fox shareholders, on the other hand, are being a little more cautious. Disney is poised to close the $71.3 billion deal that took many twists [...]

  • Sony Music Names Amanda Collins Head

    Sony Music Names Amanda Collins Global Head of Corporate Communications

    Amanda Collins has been named executive vice president and global head of corporate communications for Sony Music Entertainment, effective immediately, it was announced today by CEO Rob Stringer. According to the announcement, in this role she will be responsible for the company’s global internal and external communications strategy and its implementation around the world, working [...]

More From Our Brands

Access exclusive content