The exercise will be Goldsmith's first since becoming CEO in 1995. CityNational's stock option awards expire not later than 10 years after the date ofgrant.
Goldsmith is not selling any of the City National Corporation stock that hecurrently owns. He and his family and related entities together controlapproximately 17 percent of the CYN shares outstanding as of March 31, 2002.
About City NationalCity National Corporation has $11.2 billion in total assets. The company'swholly owned subsidiary, City National Bank, is California's Premier Private andBusiness Bank(R), providing banking, trust and investment services through morethan 50 offices in Southern California and the San Francisco Bay Area.
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