City Bank Announces Cash Dividend

    Business Editors

    LYNNWOOD, Wash.--(BUSINESS WIRE)--Feb. 9, 2005--The Board of Directors of City Bank (Nasdaq:CTBK) has declared a $.20 per share cash dividend, payable to shareholders of record as of March 11, 2005 and payable on March 25, 2005. This cash dividend, the 82nd paid in the Bank's 31-year history, is the 66th consecutive quarterly dividend.
    City Bank is a state-chartered commercial bank founded in 1974 and headquartered in Lynnwood, Washington. Eight banking offices serve both Snohomish and north King counties. Mortgage lending is conducted through two mortgage offices, one in Snohomish County and one in Pierce County. City Bank provides a wide range of banking services for businesses and individuals, including loans for residential construction, commercial, Small Businesses Administration, mortgage and consumer, and all types of deposits as well as other general banking services. City Bank has been consistently recognized as one of the top performing banks in Washington State as well as nationally.

--30--MRO/se*

CONTACT: City Bank Conrad Hanson, 425-745-5933 or Judy Muench, 425 787-5576 or www.citybank.com

KEYWORD: WASHINGTON INDUSTRY KEYWORD: BANKING DIVIDEND SOURCE: City Bank

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