City National Announces Quarterly and Special Cash Dividends Totaling $0.50

City National Announces Quarterly and Special Cash Dividends Totaling $0.50

LOS ANGELES, Nov. 15, 2012 (GLOBE NEWSWIRE) -- City National Corporation
(NYSE:CYN) today announced that its board of directors has declared a regular
fourth-quarter common stock cash dividend of $0.25 per share and is
accelerating its payment into the fourth quarter of 2012. The board also
declared a special common stock cash dividend of $0.25 per share. This will
result in a cumulative dividend of $0.50 per share, which will be paid on
December 18, 2012, to shareholders of record on December 3, 2012.

"City National is approaching the end of another successful year," said
President and Chief Executive Officer Russell Goldsmith. "Given the company's
2012 earnings growth and capital strength, paying these dividends now is an
appropriate and measured step that will benefit our shareholders."

The company declared its third-quarter dividend on October 18, 2012, and it is
payable on November21, 2012.

City National has declared cash dividends of $0.25 per share in this and each
of the preceding three quarters. It expects to declare and maintain common
stock cash dividends of $0.25 per share in the second, third and fourth
quarters of 2013.

About City National

City National Bank is the wholly owned subsidiary of City National
Corporation. It is backed by $26.3 billion in total assets, and provides
banking, investment and trust services through 78 offices, including 16
full-service regional centers, in Southern California, the San Francisco Bay
Area, Nevada, New York City, Nashville and Atlanta. The company and its
investment affiliates manage or administer $56.7 billion in client investment
assets, including $38.0 billion under direct management.

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

The City National Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3142

Cautionary Statement About Forward-Looking Statements

This news release contains forward-looking statements about our performance,
growth, regulatory capital levels, and possible future capital actions,
including common stock dividends. Forward-looking statements speak only as of
the date made, and we do not undertake to update them. Actual future
performance, growth, capital levels, and capital actions may vary materially
from the expectations described in this news release due to a number of
factors, including those described in our reports filed with the Securities
and Exchange Commission and available at www.sec.gov. The amount and timing
of any future common stock dividends or other capital actions will depend on
the earnings, cash requirements and financial condition of the company, market
conditions, capital requirements (including under Basel capital standards),
common stock issuance requirements, applicable law and regulations (including
federal securities laws and federal banking regulations), and other factors
deemed relevant by the company's board of directors, and may be subject to
regulatory approval or conditions.

For a more complete discussion of these risks and uncertainties, please refer
to the company's annual report on form 10-K for the year ended December 31,
2011 and quarterly report on form 10-Q for the quarter ended September 30,
2012.

CONTACT: Investor Contact:
         Christopher J. Carey, City National Corporation, 310.888.6777
         chris.carey@cnb.com
        
         Media Contact:
         Cary Walker, City National Corporation, 213.673.7615
         cary.walker@cnb.com

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