LOS ANGELES--(BUSINESS WIRE)--May 7, 2001--Ronald L. Olson hasbeen elected to the Board of Directors of City National Corporation(NYSE:CYN) and City National Bank. Olson, 59, is a partner with LosAngeles-based law firm Munger, Tolles & Olson.

"We are very pleased that Ron has joined our board," said CityNational Corporation Vice Chairman and CEO Russell Goldsmith. "Ron'slong and distinguished legal background, combined with his strong andvaried experience serving on other boards, is an excellent fit withCity National's focus on providing financial solutions forentrepreneurs, professional organizations and California-basedbusinesses."

Among his many other appointments, Olson serves on the boards ofdirectors of numerous organizations, including Berkshire Hathaway,Edison International, and the California Institute of Technology. Healso chairs the RAND Corporation Board of Trustees, as well as theBoard of the USC Annenberg School for Communication and the Board ofTrustees for Southern California Public Radio.

Olson holds a J.D. degree from the University of Michigan and aDiploma of Law from Oxford University, where he was a Ford Foundationrecipient.

About City National

City National Corporation is a publicly owned corporation with$8.9 billion in total assets whose stock is traded on the New YorkStock Exchange under the symbol "CYN." The corporation's wholly ownedsubsidiary, City National Bank, is California's Premier Private andBusiness Bank(SM). City National Bank, which provides banking, trustand investment services, has 48 California offices located throughoutLos Angeles, Orange, Riverside, San Bernardino, San Diego, SanFrancisco, San Mateo, Santa Clara and Ventura counties.

CONTACT:City National Corporation
Kim George, 213/833-4715