updated 4/6/2011 6:47:33 PM ET 2011-04-06T22:47:33

SAN FRANCISCO, April 6, 2011 (GLOBE NEWSWIRE) -- City National Bank today announced that it has hired Matt Christensen as a senior vice president and manager for its Commercial Banking Services (CBS) group in the San Francisco area. Christensen is a well-known banking professional who has worked in the financial services industry in San Francisco for nearly 30 years.

In his new capacity, Christensen will be responsible for developing new client relationships with mid-sized companies in the San Francisco area and matching their financial needs with solutions from City National.

Christensen will report to Arlene Gould, regional commercial banking manager for Northern California at City National Bank.

"Matt is a native San Franciscan and a well-known banker in the San Francisco marketplace," said Gould. "He shares our commitment to excellence in client servicing, and we are pleased to have him on board."

"This further strengthens our plans for growth in one of our key markets – San Francisco," said Robert Brant, executive vice president and Northern California regional executive for City National.

City National Bank recently opened a second office in San Jose – its 11th branch in the Bay Area. City National now circles the Bay with three offices in San Francisco, two in San Jose and one each in Burlingame, Palo Alto, Fremont, San Leandro, Oakland and Walnut Creek. City National entered the Bay Area in 2000 and last year ranked as one of the top 10 Bay Area banks in terms of deposits.

Christensen was formerly a senior vice president and client manager with Bank of America in Oakland and was previously a director and team leader for Merrill Lynch & Co. in the Western Region in San Francisco. Christensen also worked for GE Capital in San Francisco in various positions. He also worked at Union Bank, Security Pacific Corp. and Sanwa Business Credit.

(For an image of Christensen, go to: http://www.cnb.com/images/photos/matt-christensen.jpg )

Christensen received his bachelor's degree in business economics from the University of California at Los Angeles.

About City National

City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $21.4 billion in total assets, and provides banking, investment and trust services through 77 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada and New York City. The company and its investment affiliates manage or administer $58.5 billion in client investment assets, including nearly $37 billion under direct management.

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

The City National Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3143

CONTACT: Media Contact:
         Debora Vrana, 213.673.7631
         Debora.vrana@cnb.com

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