CTBK City Bank (MM)

On May 14, 2008, the Board of Directors of City Bank (NASDAQ:CTBK) declared a $.15 per share cash dividend, payable to shareholders of record as of June 6, 2008, and payable on June 20, 2008. This cash dividend is the 97th paid, including regular and special dividends, in the Bank�s 34-year history and the Bank�s 79th consecutive quarterly dividend. City Bank is a state-chartered commercial bank founded in 1974 and headquartered in Lynnwood, Washington. Eight banking offices and two mortgage loan production offices serve Snohomish, North King and Pierce counties. City Bank provides a wide range of banking services for business and individuals, including loans for residential construction, land development, mortgage, commercial, Small Business Administration, consumer, and all types of deposits as well as other general banking services. City Bank has been consistently recognized as one of the top performing banks in Washington State as well as nationally.