CITY NATL CORP
			Symbol			CYN

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City National Corp. Reports Third-Quarter 2009 Net Income of $8.0 Million

2009-10-22 16:35 ET - News Release

        Total Assets Exceed $18 Billion for the First Time

    Revenue Rises as Total Deposits Grow to More Than $15 Billion

LOS ANGELES, Oct. 22, 2009 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today reported third-quarter 2009 net income of $8.0 million, compared to $6.8 million in the second quarter of 2009 and $16.6 million in the third quarter of 2008.

After the dividend paid on preferred stock under the United States Treasury Department's Capital Purchase Program, third-quarter net income available to common shareholders was $2.5 million, or $0.05 per share. This compares to net income available to common shareholders of $1.3 million, or $0.02 per share, in the second quarter of 2009 and $16.6 million, or $0.34 per share in the third quarter of 2008.

Year to date, City National's net income totaled $22.3 million, while net income available to common shareholders was $5.8 million, or $0.11 per share. Excluding second-quarter 2009 after-tax charges of $6.0 million, or $0.12 per share, for an industry-wide special FDIC assessment, year-to-date net income available to common shareholders amounted to $11.8 million, or $0.23 per share(1). In the first nine months of 2008, the company earned net income of $96.0 million, or $1.98 per share.

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