LOS ANGELES--(BUSINESS WIRE)--Oct. 20, 2003--City NationalCorporation (NYSE: CYN) today announced that pursuant to his long-termstock option exercise program begun last year, Vice Chairman and ChiefExecutive Officer Russell Goldsmith intends again this year toexercise and sell no more than 100,000 of his City National sharescurrently under option, subject to market conditions.
These stock options are a portion of options granted in 1995 andexpire within two years. They represent approximately 8 percent of histotal number of options in City National Corporation stock. Mr.Goldsmith is not selling any of the City National Corporation stockthat he currently owns.
About City National
City National Corporation is a financial services company with$12.8 billion in total assets. Its wholly owned subsidiary, CityNational Bank, is the second largest independent bank headquartered inCalifornia. As California's Premier Private and Business Bank(R), CityNational provides banking, investment and trust services through 54offices, including 12 full-service regional centers, in SouthernCalifornia, the San Francisco Bay Area and New York City. At September30, 2003, the company had $27.5 billion in investment and trust assetsunder management or administration.
CONTACT: City National Corporation
Frank Pekny, 310-888-6700 (Investor Contact)
Cary Walker, 213-833-4715 (Media Contact)
SOURCE: City National Corporation