LOS ANGELES, Jul 2, 2001 (BUSINESS WIRE) - City National Bank (NYSE:CYN)announced today that Michael B. Cahill has joined the company as executive vicepresident, general counsel and secretary.

In addition, he will serve on the bank's executive committee.

"Mike Cahill is a highly effective attorney who has had extensive experienceboth as a bank general counsel and as a businessman," said Russell Goldsmith,chairman and CEO of City National Bank. "I am confident that he will be animportant and valuable new member of our strong senior management team."

Cahill brings extensive in-house corporate legal and private practice experiencein a wide range of fields including banking, operations, financial services,mergers and acquisitions, commercial transactions, strategic planning,securities activities, capital markets, intellectual property and other keyareas.

He also has considerable management experience in banking, informationtechnology services, technology investments and integration, and strategicalliances.

Previously, Cahill served as president of Avista Ventures Inc. in the PacificNorthwest, where he led the firm's venture investment and new technologyintegration with early stage technology companies.

From 1983 through 1996, he worked for First Interstate Bancorp, where he servedin several capacities, including EVP and GeneralCounsel-Litigation/Bankruptcy/Problem Loans, and EVP, General Counsel/ChiefAdministrative Officer and Corporate Secretary for First Interstate Bank ofTexas.

Cahill also spent four years in private law practice at Los Angeles-basedBodkin, McCarthy, Sargent & Smith, and Findley & Associates.

Cahill earned two bachelor of arts degrees, both with honors, from theUniversity of California at Irvine, in statistics/computer applications, andfrom the University of California at Santa Barbara, in philosophy. He earned hisJuris Doctorate with honors, from Whittier College School of Law, where heserved as editor-in-chief of the Law Review.

In addition, he has completed extensive post-graduate studies in emergingtechnology, communications, technology, strategic planning and management.

He is a member of the California and Washington state bar associations, and isactive in the Washington Technology Alliance and the Alliance of Angels, as wellas various venture capital organizations.

Cahill also was recognized with American Bankers' Top 40 U.S. Bankers Under 40award. He is a member of the Juvenile Diabetes Foundation, and actively supportsPublic Counsel, the nation's largest pro bono law office, which serves as thepublic interest law firm of the Los Angeles County and Beverly Hills barassociations, assisting the disadvantaged.

 About City National
City National Corp. is a publicly owned corporation with $8.9 billion in totalassets, whose stock is traded on the New York Stock Exchange under the symbol"CYN."

The corporation's wholly owned subsidiary, City National Bank, is California'sPremier Private and Business Bank(SM), providing banking, trust and investmentservices at 48 California banking offices and nine regional centers locatedthroughout Los Angeles, Orange, Riverside, San Bernardino, San Diego, SanFrancisco, San Mateo, Santa Clara and Ventura counties.

City National Bank and its affiliates, which include City National Investments,the bank's trust and investment division, have $17.9 billion in assets underadministration, which includes $6.6 billion in assets under management. For moreinformation about the corporation, visit its Web site at cnb.com.

 Note to Editors: Photo available upon request.
CONTACT: City National Bank Mary Schaubert, 213/833-4710 or Abernathy McGregor Group Alan Maltun, 626/441-9093