On August 9, 2006, the Board of Directors of City Bank (Nasdaq:CTBK) declared a $.20 per share cash dividend, payable to shareholders of record as of September 8, 2006 and payable on September 22, 2006. This cash dividend, the 88th paid in the Bank's 32-year history, is the 72nd 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.