UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) February 24, 2005
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City National Corporation
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-10521 95-2568550
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(Commission File Number) (IRS Employer Identification No.)
City National Center
400 North Roxbury Drive, Beverly Hills, California 90210
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(Address of Principal Executive Offices) (Zip Code)
(310) 888-6000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. OTHER EVENTS
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), announced it
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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CITY NATIONAL CORPORATION
February 24, 2005 By: /s/ Christopher J. Carey
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Christopher J. Carey
Executive V.P. and Chief Financial
Officer
(Authorized Officer and Principal
Financial Officer)