These stock options were granted in 1998 and expire in 2008 unless exercised. Mr. Goldsmith is not selling any of the City National Corporation stock that he currently owns.
About City National
City National Corporation is the parent company of City National Bank. Backed by $15.5 billion in total assets, the company provides banking, investment and trust services through more than 60 offices, including 15 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. City National and its nine majority-owned investment affiliates manage or administer more than $59 billion in client investment assets, including $37 billion under direct management.
For more information about City National, visit the company's Website at cnb.com.
The City National Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3142
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SOURCE: City National Corporation
Christopher J. Carey