City Holding Company Increases Dividend On Common Shares

  City Holding Company Increases Dividend On Common Shares

Business Wire

CHARLESTON, W. Va. -- March 28, 2013

City Holding Company, “the Company” (NASDAQ: CHCO), a $3.4 billion bank
holding company headquartered in Charleston, yesterday declared a dividend of
37 cents per common share for shareholders of record as of April 15, 2013. The
dividend is payable on April 30, 2013. The dividend represents a 6% increase
from the 35 cents per share cash dividend paid in the first quarter of 2013
and follows a 3% increase in the cash dividend, from 34 cents per common share
to 35 cents, approved by the board in December 2011.

“I am very pleased with the Board's decision to once again increase the
quarterly cash dividend” stated Charles (Skip) Hageboeck, President and CEO.
“This increase reaffirms the Company's commitment of returning value to its
shareholders. The decision to increase the dividend to $1.48 on an annualized
basis is based on the Company's current strong capital and liquidity position,
our outstanding financial performance during 2012, and our confidence in the
Company's ability to sustain this performance.”

City Holding Company is the parent company of City National Bank of West
Virginia. City National operates 83 branches across West Virginia, Virginia,
Eastern Kentucky and Southern Ohio. The Company’s stock is traded on the
NASDAQ Global Select Market under the quotation symbol “CHCO”.

Forward-Looking Information

This news release contains certain forward-looking statements that are
included pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such information involves risks and
uncertainties that could result in the Company's actual results differing from
those projected in the forward-looking statements. Important factors that
could cause actual results to differ materially from those discussed in such
forward-looking statements include, but are not limited to, (1) the Company
may incur additional loan loss provision due to negative credit quality trends
in the future that may lead to a deterioration of asset quality; (2) the
Company may incur increased charge-offs in the future; (3) the Company could
have adverse legal actions of a material nature; (4) the Company may face
competitive loss of customers; (5) the Company may be unable to manage its
expense levels; (6) the Company may have difficulty retaining key employees;
(7) changes in the interest rate environment may have results on the Company’s
operations materially different from those anticipated by the Company’s market
risk management functions; (8) changes in general economic conditions and
increased competition could adversely affect the Company’s operating results;
(9) changes in other regulations and government policies affecting bank
holding companies and their subsidiaries, including changes in monetary
policies, could negatively impact the Company’s operating results; (10) the
Company may experience difficulties growing loan and deposit balances; (11)
the current economic environment poses significant challenges for us and could
adversely affect our financial condition and results of operations; (12)
continued deterioration in the financial condition of the U.S. banking system
may impact the valuations of investments the Company has made in the
securities of other financial institutions resulting in either actual losses
or other than temporary impairments on such investments; (13)  the effects of
the Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”)
recently adopted by the United States Congress; and (14) the integration of
the operations of City Holding and Community Financial may be more difficult
than anticipated. Forward-looking statements made herein reflect management’s
expectations as of the date such statements are made.Such information is
provided to assist stockholders and potential investors in understanding
current and anticipated financial operations of the Company and is included
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The Company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances that arise after
the date such statements are made.


City Holding Company
Charles Hageboeck, 304-769-1102
President & CEO
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