City Bank Announces Cash Dividend

On August 13, 2008, the Board of Directors of City Bank (NASDAQ:CTBK) declared a $.15 per share cash dividend, payable to shareholders of record as of September 5, 2008, and payable on September 19, 2008. This cash dividend is the 98th paid, including regular and special dividends, in the Bank’s 34-year history and the Bank’s 80th consecutive quarterly dividend. City Bank is a state-chartered commercial bank founded in 1974 and headquartered in Lynnwood, Washington. Eight banking offices and three mortgage loan production offices serve Snohomish, North King, Pierce and Clark counties. City Bank provides a wide range of banking services for business and individuals, including loans for residential construction, land development, mortgage, commercial, Small Business Administration, 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.