Business Editors

LOS ANGELES--(BUSINESS WIRE)--Oct. 30, 2006--City National Bank,California's Premier Private and Business Bank(R), now is acceptingapplications from educators for grants to support literacy-basedprojects at elementary, middle and high schools throughout California.

The online application can be accessed by visitingwww.readingisthewayup.org/literacy.asp. Any full-time teacher,librarian, administrator or school media specialist at a school in oneof the 11 California counties in which City National has offices iseligible to apply. Those counties include Alameda, Contra Costa, LosAngeles, Orange, Riverside, San Bernardino, San Diego, San Francisco,San Mateo, Santa Clara and Ventura.

About 100 grants totaling up to $50,000 will be awarded. Eachgrant will provide up to $500 for educators to create, augment orexpand literacy projects that are judged to be creative and engaging,and that will have a tangible affect on student achievement. Awardscan be used for books, videos, CDs, DVDs or computer software orhardware - any project as long as the recipient can show that thefunds will support literacy.

City National's Reading Is The Way Up(R) program will administerthe grants. Applications will be accepted through November 17, 2006,and winners will be notified in February 2007. Grant funds must beexpended and projects completed by August 31, 2007.

To ensure that grants are distributed to a wide range of schools,multiple grants are not likely to be awarded to the same school.However, applicants may apply individually or as part of a team.Applicants applying as a team for the same project can submit up to amaximum of three applications (for a total of $1,500) and must be fromthe same school.

This is the second year City National has awarded grants forliteracy projects through the bank's Reading Is The Way Up program. In2005, City National awarded $31,000 to Orange County educators inhonor of the bank's 30th anniversary in Orange County.

"The overwhelming response to our grant program last yearreinforced to us that the need is out there, and we are more convincedthan ever that reading really is the way up," said Samantha Davies,City National senior vice president, Marketing. "Investing inCalifornia education is investing in the future. It's exciting to helpeducators create the kinds of lesson plans that engage children inlearning."

Last year's grants were used for everything from literacy computerprograms to field trips. One teacher used the grant to purchasepercussion instruments for her deaf students so they could learn torelate words to the rhythms and vibrations they could feel.

For more information about the Reading Is The Way Up LiteracyGrants Program, visit www.readingisthewayup.org, send an e-mail torwu@cnb.com or leave a voice message at 800-930-6590 (sometime beforeNovember 17, 2006).

About City National

City National Corporation (NYSE:CYN) is a financial servicescompany with $14.6 billion in total assets. Its wholly ownedsubsidiary, City National Bank, provides banking, investment and trustservices through 54 offices, including 12 full-service regionalcenters, in Southern California, the San Francisco Bay Area and NewYork City. The company and its affiliates manage or administer morethan $48 billion in client trust and investment assets, including morethan $27 billion under direct management.

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

About Reading Is The Way Up(R)

Seeking to better the education of California's future leaders,City National in April 2002 launched a multi-faceted initiative torestock the state's school library system. Since then, the bank has:

  • Contributed $1.2 million to support education, including an initial contribution of $100,000 to buy about 5,000 books for public school libraries through the Governor's Book Fund and the California State Library Foundation.
  • Donated more than 20,000 books to California school libraries through its annual holiday book drive.
  • Received the 2005 President's Volunteer Service Award, the 2005 Corporate Philanthropy Award from the Los Angeles Public Library, and the 2006 Corporate Award from the Getty House Foundation.

The bank also has created the Reading Is The Way Up Fund, a501(c)(3) administered by the California Community Foundation, as afunding resource to purchase books for school libraries in California.For more information, visit www.readingisthewayup.org.


CONTACT: City National Bank
Daniel Minkoff, 213-673-7631
daniel.minkoff@cnb.com


SOURCE: City National Bank