CityBank Announces Cash Dividend

    Business Editors

    LYNNWOOD, Wash.--(BUSINESS WIRE)--May 12, 2005--The Board of Directors of CityBank (Nasdaq:CTBK) has declared a $.20 per share cash dividend, payable to shareholders of record as of June 10, 2005 and payable on June 24, 2005. This cash dividend, the 83rd paid in the Bank's 31-year history, is the 67th consecutive quarterly dividend.
    CityBank is a state-chartered commercial bank founded in 1974 and headquartered in Lynnwood, Washington. Eight banking offices serve both Snohomish and north King counties. Mortgage lending is conducted through two mortgage offices, one in Snohomish County and one in Pierce County. CityBank provides a wide range of banking services for businesses and individuals, including loans for residential construction, commercial, Small Business Administration, mortgage and consumer, and all types of deposits as well as other general banking services. CityBank has been consistently recognized as one of the top performing banks in Washington State as well as nationally.
    CityBank's majority owned subsidiary, Diligenz, Inc. is a nationwide Web-based due diligence and document retrieval service provider. Diligenz, Inc. offers the industry's most complete and accurate UCC searching, filing and due diligence services, including corporate good standing searches, right from the client's desktop.

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CONTACT: CityBank Conrad Hanson, President, 425-745-5933 or Judy Muench, CFO, 425-787-5576 or www.citybank.com

KEYWORD: WASHINGTON INDUSTRY KEYWORD: BANKING DIVIDEND SOURCE: CityBank

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