City National Bank to Raise Its Prime Interest Rate to 6 Percent

    Business Editors/Banking Writers

    LOS ANGELES--(BUSINESS WIRE)--May 3, 2005--City National Bank, the second largest independent bank headquartered in California, today announced that it will raise its prime lending rate from 5.75 percent to 6.00 percent effective May 3, 2005.

    About City National

    City National Corporation (NYSE:CYN) is a financial services company with $13.9 billion in total assets. Its wholly owned subsidiary, City National Bank, is California's Premier Private and Business Bank(R). It provides banking, investment and trust services through 52 offices, including 12 full-service regional centers, in Southern California, the San Francisco Bay Area and New York City. The company and its affiliates manage more than $16 billion of client trust and investment assets. Assets under management or administration amount to nearly $36 billion.
    For more information about City National, visit the company's Website at www.cnb.com.

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CONTACT: City National Bank Investors: Christopher J. Carey, 310-888-6777 chris.carey@cnb.com or Media: Cary Walker, 213-833-4715 cary.walker@cnb.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: BANKING PRODUCT SOURCE: City National Bank

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