Canyon National Bank Announces Shareholder Approval of Two-for-One Stock Split.

Business Editors

PALM SPRINGS, Calif.--(BUSINESS WIRE)--April 28, 2004

Canyon National Bank (OTC:BB CYNA) has announced a two-for-one split of the bank's common stock approved by shareholders at their annual meeting this week.

All shareholders of record as April 26, 2004 will receive one additional share of common stock for each share owned on that date. "The additional shares will be mailed on May 12, 2004 to shareholders," said Canyon National Bank President and CEO, Stephen G. Hoffmann.

The stock split is the first for Canyon National Bank, although it has previously issued three 5 percent stock dividends.

At its annual shareholder meeting, current directors of Canyon National Bank were re-elected to another term, including:

         Tom Suitt                  Stephen G. Hoffmann

         Robert M. Fey              Kipp I. Lyons, Esq.

         Marshall M. Gelfand        Milton W. Jones

         Michael Harris, Esq.       Richard Shalhoub

Canyon National Bank has been recently ranked as a "Super Premier Performing Bank" based upon 2003 operating results, by The Findley Reports.

The bank reported record net income of $562,000 for the first quarter ended March 31, 2004 -- an increase of $159,000 or 39.5 percent compared to income of $403,000 for the same period in 2003.

As a full-service commercial bank, Canyon National Bank is a member of the FDIC, with shares of its common stock traded on the Over the Counter Bulletin Board-symbol CYNA.

The bank's Palm Springs headquarters branch is located at 1711 East Palm Canyon Drive in the Smoke Tree Village Shopping Center. The Palm Desert branch is currently located at the Desert Springs Marketplace Shopping Center, 74-998 Country Club Drive.

Further information can be obtained at the bank's Web site: www.CanyonNational.com or via e-mail: [e-mail].