EXHIBIT 99.1
City National Corporation Declares Preferred Stock Dividends
LOS ANGELES, Oct. 17, 2014 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN) today announced that it has declared cash dividends on its outstanding series of preferred stock.
A quarterly cash dividend of $13.75 per share was declared on its 5.50% Non-Cumulative Perpetual Preferred Stock, Series C (equivalent to $0.34375 per related depositary share), payable on November 13, 2014 to shareholders of record on October 28, 2014.
A quarterly cash dividend of $16.875 per share was declared on its 6.750% Fixed Rate/Floating Rate Non-Cumulative Preferred Stock, Series D (equivalent to $0.421875 per related depositary share), payable on November 7, 2014 to shareholders of record on October 28, 2014.
About City National
City National Corporation has $30.8 billion in assets. The company's wholly owned subsidiary, City National Bank, provides banking, investment and trust services through 77 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National and its investment affiliates manage or administer $65.8 billion in client investment assets, including $47.1 billion under direct management.
For more information about City National, visit the company's Website at cnb.com.
CONTACT: Investor Contact:
Christopher J. Carey, 310.888.6777
Chris.Carey@cnb.com
Media Contact:
Linda Mueller, 213.673.7619
Linda.Mueller@cnb.com