LOS ANGELES, Oct 29, 2008 (GlobeNewswire via COMTEX News Network) - City National Bank today announced that it will lower its prime lending rate to 4.0 percent from 4.5 percent, effective October 29, 2008.

About City National

City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $16.3 billion in total assets, and provides banking, investment and trust services through 62 offices, including 15 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. The company and its eight majority-owned investment affiliates manage or administer $52.4 billion in client investment assets, including more than $33 billion under direct management.

For more information about City National, visit the company's Website at cnb.com.

The City National Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3143

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SOURCE: City National Bank

City National Bank
Investors:
Christopher J. Carey
310.888.6777
Chris.Carey@cnb.com  
Media Contact:
Cary Walker
213.673.7615
Cary.Walker@cnb.com