CityBank's Board of Directors Announces Retirement of Chief Financial

    Business Editors

    LYNNWOOD, Wash.--(BUSINESS WIRE)--Feb. 22, 2005--The Board of Directors today announced the retirement of Judy Muench, CFO. Ms. Muench has served as CFO since October, 1990, and has over 25 years with CityBank (Nasdaq:CTBK). She will be stepping down on June 30, 2005. A successor for the position has not yet been named.
    "On behalf of the board of directors and staff of CityBank, I want to thank Judy for her dedication and hard work," said Conrad Hanson, President. "Her commitment, stewardship, and contribution have been instrumental in making CityBank one of the most successful banks in the State. She has been instrumental in increasing shareholder value, and we wish her well with her decision to retire."
    CityBank is a state-chartered commercial bank founded in 1974 and headquartered in Lynnwood, Washington. The bank is publicly traded (Nasdaq:CTBK) and many of the stockholders are local individuals. Eight banking offices serve both Snohomish and North King counties. Two mortgage loan offices serve Snohomish, King and Pierce counties. CityBank provides a wide range of banking services for business 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.

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

KEYWORD: WASHINGTON INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES SOURCE: CityBank

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