Exhibit 99.1

            City National Enters Into Regulatory Agreement

    LOS ANGELES--(BUSINESS WIRE)--Feb. 24, 2005--Pursuant to
previously announced discussions regarding compliance with the Bank
Secrecy Act, City National Bank, the wholly owned subsidiary of City
National Corporation (NYSE:CYN), has entered into a consent agreement
with the Office of the Comptroller of the Currency and has agreed to a
$750,000 monetary assessment.
    City National, which already has taken significant steps to
strengthen compliance policies and procedures, reiterated its
commitment to further improvements and full compliance with its legal
and regulatory requirements.
    Notwithstanding this commitment, and as previously stated, the
bank expects earnings per share in 2005 to grow between 11 percent and
14 percent over last year. City National last month reported 2004 net
income of $206.3 million.

    About City National

    City National Corporation is a financial services company with
$14.2 billion in total assets. Its wholly owned subsidiary, City
National Bank, is the second largest independent bank headquartered in
California. As California's Premier Private and Business Bank(R), City
National provides banking, investment and trust services through 52
offices, including 12 full-service regional centers, in Southern
California, the San Francisco Bay Area and New York City.

    CONTACT: City National Bank
             Christopher J. Carey, 310-888-6777 (Investor Contact)
             chris.carey@cnb.com
             Cary Walker, 213-833-4715 (Media Contact)
             cary.walker@cnb.com