LOS ANGELES--(BUSINESS WIRE)--Feb. 24, 2005--Pursuant topreviously announced discussions regarding compliance with the BankSecrecy Act, City National Bank, the wholly owned subsidiary of CityNational Corporation (NYSE:CYN), has entered into a consent agreementwith the Office of the Comptroller of the Currency and has agreed to a$750,000 monetary assessment.
City National, which already has taken significant steps tostrengthen compliance policies and procedures, reiterated itscommitment to further improvements and full compliance with its legaland regulatory requirements.
Notwithstanding this commitment, and as previously stated, thebank expects earnings per share in 2005 to grow between 11 percent and14 percent over last year. City National last month reported 2004 netincome of $206.3 million.
About City National
City National Corporation is a financial services company with$14.2 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 52offices, including 12 full-service regional centers, in SouthernCalifornia, the San Francisco Bay Area and New York City.
CONTACT: City National Bank
Christopher J. Carey, 310-888-6777 (Investor Contact)
Cary Walker, 213-833-4715 (Media Contact)
SOURCE: City National Bank