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      <div>&#160;</div>
      <div><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>UNITED
        STATES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Washington,
        D.C., 20549</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>FORM
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
        REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Pursuant
        to Section 13 or 15(d) of</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>the
        Securities Exchange Act of 1934</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date
        of
        Report (Date of Earliest Event Reported)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>July
        31, 2007</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><img src="chcologo.jpg" alt=""></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CITY
        HOLDING COMPANY</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(Exact
        Name of Registrant as Specified in its Charter)</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Commission
        File Number: 0-17733</strong></font></div>
      <div><br></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>West
                  Virginia</strong></font></div>
              </td>
              <td valign="top" width="36%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>55-0169957</strong></font></div>
              </td>
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              <td valign="top" width="36%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(State
                  or Other Jurisdiction of</font></div>
              </td>
              <td valign="top" width="36%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(I.R.S.
                  Employer</font></div>
              </td>
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            <tr>
              <td valign="top" width="36%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Incorporation
                  or Organization)</font></div>
              </td>
              <td valign="top" width="36%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Identification
                  No.)</font></div>
              </td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>25
        Gatewater Road, Cross Lanes, WV 25313</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Address
        of Principal Executive Offices, Including Zip Code)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>304-769-1100</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Registrant&#8217;s
        Telephone Number, Including Area Code)</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">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):</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Wingdings">&#168;</font></div>
              </td>
              <td align="left" valign="top" width="69%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Written
                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)</font></div>
              </td>
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            <tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Wingdings">&#168;</font></div>
              </td>
              <td align="left" valign="top" width="69%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Soliciting
                  material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR
                  240.14a-12(b))</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="3%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Wingdings">&#168;</font></div>
              </td>
              <td align="left" valign="top" width="69%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pre-commencement
                  communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                  CFR
                  240.14d-2(b))</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="3%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Wingdings">&#168;</font></div>
              </td>
              <td align="left" valign="top" width="69%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pre-commencement
                  communications pursuant to Rule 13e-4(c) under the Exchange Act
                  (17CFR240.13e-4(c))</font></div>
              </td>
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      </div>
      <div><br></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">-1-</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
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        </div>
        <div id="HDR">
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        </div>
      </div><br>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Section
        1 &#8211; Registrant&#8217;s Business and Operations</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
        1.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Entry
        into a Material Definitive Agreement</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">On
        July
        31, 2007, City Holding Company (the &#8220;Company&#8221;)<strong>&#160;</strong>and City
        National Bank of West&#160;Virginia (&#8220;City National&#8221;) entered into the following
        employment agreements:</font></div>
      <div><br></div>
      <div>
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                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">An
                  Employment Agreement with Charles R. Hageboeck regarding his continued
                  employment as President and Chief Executive Officer of the Company
                  and
                  City National (the &#8220;Hageboeck Employment Agreement&#8221;);
                  and</font></div>
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      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 108pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">An
                  Employment Agreement with Craig G. Stilwell regarding his continued
                  employment as Executive Vice President of the Company and City National
                  (the &#8220;Stilwell Employment
                  Agreement.</font></div>
              </td>
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        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Board
        of Directors of the Company, at its regularly scheduled meeting on
        July&#160;25,&#160;2007, approved the Hageboeck Employment Agreement and
        Stilwell Employment Agreement (collectively, the &#8220;Employment Agreements&#8221;) upon
        recommendation by the Company&#8217;s compensation committee.&#160;&#160;The material
        terms and conditions of each of the Employment Agreements are set forth
        below.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Hageboeck</u><u>
        Employment Agreement</u></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        material terms and conditions of the Hageboeck Employment Agreement are as
        follows:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        term
        of the Hageboeck Employment Agreement begins on July 25, 2007 and terminates
        on
        July 31, 2009, unless extended.&#160;&#160;On each monthly anniversary date
        following July&#160;31, 2007, the term is automatically extended for an
        additional month unless either the Company, City National or Mr.&#160;Hageboeck
        serve notice to the other parties to fix the term to a definite two year period
        from the date of such notice.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Cash
        compensation under the Hageboeck
        Employment Agreement consists of the following:</font></div><br>
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          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">-2-</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div><br>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
                  minimum annual salary at a rate not less than $360,000, which will
                  be
                  adjusted upward annually to reflect the Company&#8217;s performance,
                  compensation levels for peer institutions and changes in the scale
                  and
                  scope of business activities of the Company under Mr. Hageboeck&#8217;s
                  leadership;</font></div>
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        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">An
                  &#8220;incentive compensation&#8221; at the end of each of the Company&#8217;s fiscal years
                  based on the Company&#8217;s Return on Tangible Equity (&#8220;ROTE&#8221;) for such fiscal
                  year, such that if the Company&#8217;s ROTE is at least 14%, the incentive
                  compensation will be equal to 20% of Mr.&#160;Hageboeck&#8217;s annual salary
                  plus an additional 5% of annual salary for each 1% increase in ROTE
                  over
                  14%, but no incentive compensation will be payable if ROTE is less
                  than
                  14%; and</font></div>
              </td>
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        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
                  bonus to be awarded by the Company and City National&#8217;s Boards of Directors
                  in their discretion based upon Mr. Hageboeck&#8217;s accomplishments and
                  achievements and/or his leadership of the Company and City
                  National.</font></div>
              </td>
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        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        the
        event that Mr. Hageboeck&#8217;s employment with the Company terminates during any
        fiscal year because of death, Total and Permanent Disability (defined as being
        unable to engage in any substantial gainful activity by reason of a medically
        determinable physical or mental impairment which can be expected to result
        in
        death or can be expected to last for a continuous period of not less than 12
        months), termination by the Company without Just Cause (defined below) or
        Mr.&#160;Hageboeck&#8217;s termination for Good Reason (defined below), the incentive
        compensation will be prorated based on the number of days worked by Mr.
        Hageboeck.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>In
        addition to the foregoing, Mr.
        Hageboeck will have the right to participate in the incentive plans of the
        Company and City National for which he may become eligible and designated a
        participant.&#160;&#160;Also, Mr. Hageboeck will continue to participate in the
        employee pension and welfare benefits and group employee benefits such as sick
        leave, vacation, group disability and health, life, and accident insurance
        and
        similar indirect compensation which the Company and City National may from
        time
        to time extend to its officers; provided that Mr.&#160;Hageboeck will receive
        term life insurance coverage in an amount not less than two times his base
        salary.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>If
        Mr. Hageboeck suffers a Total and
        Permanent Disability during the term of the agreement, he will continue to
        earn
        all compensation (including bonuses and incentive compensation) to which he
        would have been entitled as if he had not been Totally and Permanently Disabled
        for the first 12 months of the period, reduced by the amount of any compensation
        received pursuant to any applicable disability insurance plan of the Company
        or
        City National.&#160;&#160;Thereafter, he will receive compensation to which he
        is entitled under any applicable disability insurance plan.&#160;&#160;In
        addition, after the first 12 months of any Total and Permanent Disability,
        the
        Board of Directors may terminate Mr. Hageboeck&#8217;s employment, in which case he
        will be entitled to receive &#8220;Termination Compensation&#8221; multiplied by three paid
        over 60 equal monthly installments and he will continue to receive health
        insurance covered from the Company on the same terms as were in effect prior
        to
        his termination for all periods he receives Termination
        Compensation.&#160;&#160;&#8220;Termination Compensation&#8221; means the highest amount of
        cash compensation paid to the employee in respect of any of the three most
        recent calendar years ending prior to the date of termination, determined by
        reference to the annual cash compensation (salary, incentive compensation,
        and
        bonus).&#160;&#160;If Mr. Hageboeck dies during the term of the agreement, his
        estate will receive an amount equal to his Termination Compensation multiplied
        by three and paid over 36 equal monthly payments, in addition to any life
        insurance benefits available to all employees of City National.</font></div>
      <div><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">-3-</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>If
        (i) Mr. Hageboeck voluntarily
        terminates employment with the Company and City National for any reason (other
        than Total and Permanent Disability or for Good Reason (defined below), (ii)
        the
        Company terminates Mr. Hageboeck for Just Cause (defined below); or (iii) the
        Hageboeck Employment Agreement terminates after the Company elects not to extend
        it and converts it to a fixed two-year period, Mr. Hageboeck will be entitled
        to
        receive $1,122,304, plus&#160;interest at the Treasury One-Year Constant
        Maturity rate accruing from and after December&#160;31, 2006, which will be paid
        to him over 36 equal monthly payments beginning the first month following his
        termination of employment.&#160;&#160;This termination benefit reflects benefits
        originally provided under the Employment Agreement signed between the Company,
        City National and Mr. Hageboeck on June 11, 2001, as amended on November 18,
        2003 which benefits became fully vested on June 11, 2005.&#160;&#160;This
        benefit is not subject to a risk of forfeiture under any circumstances except
        where Mr. Hageboeck engages in a willful, fraudulent activity that materially
        and adversely affects the Company or City National and Mr. Hageboeck personally
        profits from such activity.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>If
        the Company and City National
        terminate Mr. Hageboeck for reasons other than Just Cause or Mr. Hageboeck
        terminates employment for Good Reason, he will receive his Termination
        Compensation times three to be paid in 36 monthly installments.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>The
        Company and City National have the
        right to terminate Mr. Hageboeck for &#8220;Just Cause&#8221; if he:</font></div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Commits
                  an act materially detrimental to the Company or City
                  National;</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Is
                  convicted of a felony involving moral turpitude;
                  or</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Materially
                  breaches any other provision of the
                  agreement.</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Mr.
        Hageboeck may voluntarily terminate
        employment for &#8220;Good Reason&#8221; if any of the following events occur without his
        express written consent:</font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">-4-</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div><br>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  assignment to him of duties inconsistent with the position of President
                  and Chief Executive Officer;</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
                  reduction in his pay grade or base salary or his exclusion from
                  participation in benefit plans in which he previously
                  participated;</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">An
                  involuntary relocation more than 50 miles from where he is working
                  at such
                  time or breach of any other material provision of the agreement by
                  the
                  Company or City National;</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
                  purported termination of his employment by the Company or City National
                  which is not in accordance with the agreement;
                  or</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  occurrence of a change of control.</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>For
        a period of 36 months following a
        voluntary termination of employment or a termination of employment for Just
        Cause or Total and Permanent Disability, Mr.&#160;Hageboeck cannot:</font></div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Engage
                  in the consumer, savings or commercial banking business, the savings
                  and
                  loan business or the mortgage banking business in any county of any
                  state
                  in which the Company or City National maintains offices as well as
                  certain
                  other counties in West&#160;Virginia, Kentucky or
                  Ohio.</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">For
        a
        period of 36 months after a termination of employment for Good Reason or without
        Just Cause, Mr. Hageboeck cannot:</font></div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Solicit
                  any depositors or customers of the Company, City&#160;National or their
                  affiliates; or</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Induce
                  any then or former employee of the Company, City National or their
                  affiliates to terminate his or her employment with such
                  employer.</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">For
        a
        period of 36 months after a termination of employment for any reason,
        Mr.&#160;Hageboeck cannot disclose any confidential information obtained by him
        while in the employ of the Company and City National.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Stilwell
        Employment Agreement</u></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        material terms and conditions of the Stilwell Employment Agreement are as
        follows:</font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">-5-</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div><br>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        term
        of the Stilwell Employment Agreement begins on July 25, 2007 and terminates
        on
        July 31, 2009, unless extended.&#160;&#160;On each monthly anniversary date
        following July 31, 2007, the term is automatically extended for an additional
        month unless either the Company, City National or Mr.&#160;Stilwell serve notice
        to the other parties to fix the term to a definite two year period from the
        date
        of such notice.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Cash
        compensation under the Stilwell
        Employment Agreement consists of the following:</font></div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
                  minimum annual salary at a rate not less than $212,000, which will
                  be
                  adjusted upward annually to reflect the Company&#8217;s performance,
                  compensation levels for peer institutions and changes in the scale
                  and
                  scope of business activities of the Company under Mr. Stilwell&#8217;s
                  leadership;</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">An
                  &#8220;incentive compensation&#8221; at the end of each of the Company&#8217;s fiscal years
                  based on the Company&#8217;s Return on Tangible Equity (&#8220;ROTE&#8221;) for such fiscal
                  year, such that if the Company&#8217;s ROTE is at least 14%, the incentive
                  compensation will be equal to 20% of Mr.&#160;Stilwell&#8217;s annual salary
                  plus an additional 5% of annual salary for each 1% increase in ROTE
                  over
                  14%, but no incentive compensation will be payable if ROTE is less
                  than
                  14%; and</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
                  bonus to be awarded by the Company and City National&#8217;s Boards of Directors
                  in their discretion based upon Mr. Stilwell&#8217;s accomplishments and
                  achievements and/or his leadership of the Company and City
                  National.</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        the
        event that Mr. Stilwell&#8217;s employment with the Company terminates during any
        fiscal year because of death, Total and Permanent Disability (defined as being
        unable to engage in any substantial gainful activity by reason of a medically
        determinable physical or mental impairment which can be expected to result
        in
        death or can be expected to last for a continuous period of not less than 12
        months), termination by the Company without Just Cause (defined below) or
        Mr.&#160;Stilwell&#8217;s termination for Good Reason (defined below), the incentive
        compensation will be prorated based on the number of days worked by Mr.
        Stilwell.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>In
        addition to the foregoing, Mr.
        Stilwell will have the right to participate in the incentive plans of the
        Company and City National for which he may become eligible and designated a
        participant.&#160;&#160;Also, Mr. Stilwell will continue to participate in the
        employee pension and welfare benefits and group employee benefits such as sick
        leave, vacation, group disability and health, life, and accident insurance
        and
        similar indirect compensation which the Company and City National may from
        time
        to time extend to its officers; provided that Mr. Stilwell will receive term
        life insurance coverage in an amount not less than two times his base
        salary.</font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">-6-</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div><br>
      <div><br></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>If
        Mr. Stilwell suffers a Total and
        Permanent Disability during the term of the agreement, he will continue to
        earn
        all compensation (including bonuses and incentive compensation) to which he
        would have been entitled as if he had not been Totally and Permanently Disabled
        for the first 12 months of the period, reduced by the amount of any compensation
        received pursuant to any applicable disability insurance plan of the Company
        or
        City National.&#160;&#160;Thereafter, he will receive compensation to which he
        is entitled under any applicable disability insurance plan.&#160;&#160;In
        addition, after the first 12 months of any Total and Permanent Disability,
        the
        Board of Directors may terminate Mr. Stilwell&#8217;s employment, in which case he
        will be entitled to receive &#8220;Termination Compensation&#8221; multiplied by three paid
        over 60 equal monthly installments and he will continue to receive health
        insurance covered from the Company on the same terms as were in effect prior
        to
        his termination for all periods he receives Termination
        Compensation.&#160;&#160;&#8220;Termination Compensation&#8221; means the highest amount of
        cash compensation paid to the employee in respect of any of the three most
        recent calendar years ending prior to the date of termination, determined by
        reference to the annual cash compensation (salary, incentive compensation,
        and
        bonus).&#160;&#160;If Mr. Stilwell dies during the term of the agreement, his
        estate will receive an amount equal to his Termination Compensation multiplied
        by three and paid over 36&#160;equal monthly payments, in addition to any life
        insurance benefits available to all employees of City National.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>If
        (i) Mr. Stilwell voluntarily
        terminates employment with the Company and City National for any reason (other
        than Total and Permanent Disability or for Good Reason (defined below), (ii)
        the
        Company terminates Mr. Stilwell for Just Cause (defined below); or (iii) the
        Stilwell Employment Agreement terminates after the Company elects not to extend
        it and converts it to a fixed two-year period, Mr. Stilwell will be entitled
        to
        receive $693,082, plus&#160;interest at the Treasury One-Year Constant Maturity
        rate accruing from and after December&#160;31, 2006, which will be paid to him
        over 36 equal monthly payments beginning the first month following his
        termination of employment.&#160;&#160;This termination benefit reflects benefits
        originally provided under the Employment Agreement signed between the Company,
        City National and Mr. Stilwell on May 15, 2001, as amended on November 18,
        2003
        which benefits became fully vested on May 15, 2005.&#160;&#160;This benefit is
        not subject to a risk of forfeiture under any circumstances except where Mr.
        Stilwell engages in a willful, fraudulent activity that materially and adversely
        affects the Company or City National and Mr. Stilwell personally profits from
        such activity.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>If
        the Company and City National
        terminate Mr. Stilwell for reasons other than Just Cause, or Mr. Stilwell
        terminates employment for Good Reason, he will receive his Termination
        Compensation times three to be paid in 36 monthly installments.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>The
        Company and City National have the
        right to terminate Mr. Stilwell for &#8220;Just Cause&#8221; if he:</font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">-7-</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div><br>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Commits
                  an act materially detrimental to the Company or City
                  National;</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Is
                  convicted of a felony involving moral turpitude;
                  or</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Materially
                  breaches any other provision of the
                  agreement.</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Mr.
        Stilwell may voluntarily terminate
        employment for &#8220;Good Reason&#8221; if any of the following events occur without his
        express written consent:</font></div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  assignment to him of duties inconsistent with the position of Executive
                  Vice President;</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
                  reduction in his pay grade or base salary or his exclusion from
                  participation in benefit plans in which he previously
                  participated;</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">An
                  involuntary relocation more than 50 miles from where he is working
                  at such
                  time or breach of any other material provision of the agreement by
                  the
                  Company or City National;</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
                  purported termination of his employment by the Company or City National
                  which is not in accordance with the agreement;
                  or</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  occurrence of a change of control.</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>For
        a period of 36 months following a
        voluntary termination of employment or a termination of employment for Just
        Cause or Total and Permanent Disability, Mr.&#160;Stilwell cannot:</font></div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Engage
                  in the consumer, savings or commercial banking business, the savings
                  and
                  loan business or the mortgage banking business in any county of any
                  state
                  in which the Company or City National maintains offices as well as
                  certain
                  other counties in West&#160;Virginia, Kentucky or
                  Ohio.</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">For
        a
        period of 36 months following a termination for Good Reason or without Just
        Cause, Mr. Stilwell cannot:</font></div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Solicit
                  any depositors or customers of the Company, City&#160;National or their
                  affiliates; or</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
  
            <tr valign="top">
              <td align="right" style="WIDTH: 90pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Induce
                  any then or former employee of the Company, City National or their
                  affiliates to terminate his or her employment with such
                  employer.</font></div>
              </td>
            </tr>
  
        </table>
      </div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">-8-</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div><br>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">For
        a
        period of 36 months after termination for any reason, Mr. Stilwell cannot
        disclose any confidential information obtained by him while in the employ of
        the
        Company and City National.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        foregoing is a summary of the material terms of the Hageboeck Employment
        Agreement and Stilwell Employment and is qualified in its entirety by each
        such
        agreement, copies of which are attached as Exhibits 10.1 and 10.2, respectively,
        to this Current Report on Form 8-K and is hereby incorporated by reference
        into
        this Item 1.01.</font></div>
      <div><br></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Section
        9 - Financial Statements and Exhibits</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
        9.01 Financial Statements and Exhibits.</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)&#160;&#160;Exhibits</font></div>
      <div><br></div>
      <div align="center">
        <table cellpadding="0" cellspacing="0" width="50%">
  
            <tr>
              <td valign="top" width="30%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">10.1</font></div>
              </td>
              <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex10-1.htm">Employment
                  Agreement of Charles R.
                  Hageboeck</a></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="30%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">10.2</font></div>
              </td>
              <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex10-2.htm">Employment
                  Agreement of Craig G.
                  Stilwell</a></font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Signatures</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
        to the requirements of the Securities and Exchange Act of 1934, the Registrant
        has duly caused this Report to be signed on its behalf by the Undersigned
        hereunto duly authorized.</font></div>
      <div><br></div>
      <div><br></div>
      <div align="center">
        <table cellpadding="0" cellspacing="0" width="75%">
  
            <tr>
              <td align="left" valign="top" width="33%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Dated:
                  <u>July 31, 2007</u></font></div>
              </td>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>City
                  Holding Company</strong></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="33%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="39%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="33%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="39%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="right" valign="top" width="33%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:&#160;</font></div>
              </td>
              <td align="left" valign="top" width="39%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/
                  David L. Bumgarner</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="33%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="39%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">David
                  L. Bumgarner</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="33%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="39%" style="BORDER-BOTTOM: black">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Chief
                  Financial Officer</font></div>
              </td>
            </tr>
  
        </table>
      </div>
      <div><br></div>
      <div>&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">-9-<br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font>
        <div>
          <hr style="COLOR: black" align="left" noshade size="2" width="100%">
        </div>
      </div>
    </body>
  </html>
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metadata_filer: {"company-data": {"conformed-name": "CITY HOLDING CO", "cik": "0000726854", "assigned-sic": "6021", "irs-number": "550619957", "state-of-incorporation": "WV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11733", "film-number": "071013651"}, "business-address": {"street1": "25 GATEWATER ROAD", "street2": "P O BOX 7520", "city": "CHARLESTON", "state": "WV", "zip": "25313", "phone": "3047691100"}, "mail-address": {"street1": "25 GATEWATER ROAD", "street2": "P O BOX 7520", "city": "CHARLESTON", "state": "WV", "zip": "25313"}}
text: form8-k.htm
  UNITED
        STATES
  SECURITIES
        AND EXCHANGE COMMISSION
  Washington,
        D.C., 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)
  July
        31, 2007
  CITY
        HOLDING COMPANY
  (Exact
        Name of Registrant as Specified in its Charter)
  Commission
        File Number: 0-17733
  West
                  Virginia
  55-0169957
  (State
                  or Other Jurisdiction of
  (I.R.S.
                  Employer
  Incorporation
                  or Organization)
  Identification
                  No.)
  25
        Gatewater Road, Cross Lanes, WV 25313
  (Address
        of Principal Executive Offices, Including Zip Code)
  304-769-1100
  (Registrant's
        Telephone Number, Including Area Code)
  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(b) under the Exchange Act (17 CFR
                  240.14a-12(b))
  ¨
  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
                  (17CFR240.13e-4(c))
  -1-
  Section
        1 – Registrant's Business and Operations
  Item
        1.01                      Entry
        into a Material Definitive Agreement
  On
        July
        31, 2007, City Holding Company (the "Company")
  and City
        National Bank of West Virginia ("City National") entered into the following
        employment agreements:
  ·
  An
                  Employment Agreement with Charles R. Hageboeck regarding his continued
                  employment as President and Chief Executive Officer of the Company
                  and
                  City National (the "Hageboeck Employment Agreement");
                  and
  ·
  An
                  Employment Agreement with Craig G. Stilwell regarding his continued
                  employment as Executive Vice President of the Company and City National
                  (the "Stilwell Employment
                  Agreement.
  The
        Board
        of Directors of the Company, at its regularly scheduled meeting on
        July 25, 2007, approved the Hageboeck Employment Agreement and
        Stilwell Employment Agreement (collectively, the "Employment Agreements") upon
        recommendation by the Company's compensation committee.  The material
        terms and conditions of each of the Employment Agreements are set forth
        below.
  Hageboeck
  Employment Agreement
  The
        material terms and conditions of the Hageboeck Employment Agreement are as
        follows:
  The
        term
        of the Hageboeck Employment Agreement begins on July 25, 2007 and terminates
        on
        July 31, 2009, unless extended.  On each monthly anniversary date
        following July 31, 2007, the term is automatically extended for an
        additional month unless either the Company, City National or Mr. Hageboeck
        serve notice to the other parties to fix the term to a definite two year period
        from the date of such notice.
  Cash
        compensation under the Hageboeck
        Employment Agreement consists of the following:
  -2-
  ·
  A
                  minimum annual salary at a rate not less than $360,000, which will
                  be
                  adjusted upward annually to reflect the Company's performance,
                  compensation levels for peer institutions and changes in the scale
                  and
                  scope of business activities of the Company under Mr. Hageboeck's
                  leadership;
  ·
  An
                  "incentive compensation" at the end of each of the Company's fiscal years
                  based on the Company's Return on Tangible Equity ("ROTE") for such fiscal
                  year, such that if the Company's ROTE is at least 14%, the incentive
                  compensation will be equal to 20% of Mr. Hageboeck's annual salary
                  plus an additional 5% of annual salary for each 1% increase in ROTE
                  over
                  14%, but no incentive compensation will be payable if ROTE is less
                  than
                  14%; and
  ·
  A
                  bonus to be awarded by the Company and City National's Boards of Directors
                  in their discretion based upon Mr. Hageboeck's accomplishments and
                  achievements and/or his leadership of the Company and City
                  National.
  In
        the
        event that Mr. Hageboeck's employment with the Company terminates during any
        fiscal year because of death, Total and Permanent Disability (defined as being
        unable to engage in any substantial gainful activity by reason of a medically
        determinable physical or mental impairment which can be expected to result
        in
        death or can be expected to last for a continuous period of not less than 12
        months), termination by the Company without Just Cause (defined below) or
        Mr. Hageboeck's termination for Good Reason (defined below), the incentive
        compensation will be prorated based on the number of days worked by Mr.
        Hageboeck.
  In
        addition to the foregoing, Mr.
        Hageboeck will have the right to participate in the incentive plans of the
        Company and City National for which he may become eligible and designated a
        participant.  Also, Mr. Hageboeck will continue to participate in the
        employee pension and welfare benefits and group employee benefits such as sick
        leave, vacation, group disability and health, life, and accident insurance
        and
        similar indirect compensation which the Company and City National may from
        time
        to time extend to its officers; provided that Mr. Hageboeck will receive
        term life insurance coverage in an amount not less than two times his base
        salary.
  If
        Mr. Hageboeck suffers a Total and
        Permanent Disability during the term of the agreement, he will continue to
        earn
        all compensation (including bonuses and incentive compensation) to which he
        would have been entitled as if he had not been Totally and Permanently Disabled
        for the first 12 months of the period, reduced by the amount of any compensation
        received pursuant to any applicable disability insurance plan of the Company
        or
        City National.  Thereafter, he will receive compensation to which he
        is entitled under any applicable disability insurance plan.  In
        addition, after the first 12 months of any Total and Permanent Disability,
        the
        Board of Directors may terminate Mr. Hageboeck's employment, in which case he
        will be entitled to receive "Termination Compensation" multiplied by three paid
        over 60 equal monthly installments and he will continue to receive health
        insurance covered from the Company on the same terms as were in effect prior
        to
        his termination for all periods he receives Termination
        Compensation.  "Termination Compensation" means the highest amount of
        cash compensation paid to the employee in respect of any of the three most
        recent calendar years ending prior to the date of termination, determined by
        reference to the annual cash compensation (salary, incentive compensation,
        and
        bonus).  If Mr. Hageboeck dies during the term of the agreement, his
        estate will receive an amount equal to his Termination Compensation multiplied
        by three and paid over 36 equal monthly payments, in addition to any life
        insurance benefits available to all employees of City National.
  -3-
  If
        (i) Mr. Hageboeck voluntarily
        terminates employment with the Company and City National for any reason (other
        than Total and Permanent Disability or for Good Reason (defined below), (ii)
        the
        Company terminates Mr. Hageboeck for Just Cause (defined below); or (iii) the
        Hageboeck Employment Agreement terminates after the Company elects not to extend
        it and converts it to a fixed two-year period, Mr. Hageboeck will be entitled
        to
        receive $1,122,304, plus interest at the Treasury One-Year Constant
        Maturity rate accruing from and after December 31, 2006, which will be paid
        to him over 36 equal monthly payments beginning the first month following his
        termination of employment.  This termination benefit reflects benefits
        originally provided under the Employment Agreement signed between the Company,
        City National and Mr. Hageboeck on June 11, 2001, as amended on November 18,
        2003 which benefits became fully vested on June 11, 2005.  This
        benefit is not subject to a risk of forfeiture under any circumstances except
        where Mr. Hageboeck engages in a willful, fraudulent activity that materially
        and adversely affects the Company or City National and Mr. Hageboeck personally
        profits from such activity.
  If
        the Company and City National
        terminate Mr. Hageboeck for reasons other than Just Cause or Mr. Hageboeck
        terminates employment for Good Reason, he will receive his Termination
        Compensation times three to be paid in 36 monthly installments.
  The
        Company and City National have the
        right to terminate Mr. Hageboeck for "Just Cause" if he:
  ·
  Commits
                  an act materially detrimental to the Company or City
                  National;
  ·
  Is
                  convicted of a felony involving moral turpitude;
                  or
  ·
  Materially
                  breaches any other provision of the
                  agreement.
  Mr.
        Hageboeck may voluntarily terminate
        employment for "Good Reason" if any of the following events occur without his
        express written consent:
  -4-
  ·
  The
                  assignment to him of duties inconsistent with the position of President
                  and Chief Executive Officer;
  ·
  A
                  reduction in his pay grade or base salary or his exclusion from
                  participation in benefit plans in which he previously
                  participated;
  ·
  An
                  involuntary relocation more than 50 miles from where he is working
                  at such
                  time or breach of any other material provision of the agreement by
                  the
                  Company or City National;
  ·
  Any
                  purported termination of his employment by the Company or City National
                  which is not in accordance with the agreement;
                  or
  ·
  The
                  occurrence of a change of control.
  For
        a period of 36 months following a
        voluntary termination of employment or a termination of employment for Just
        Cause or Total and Permanent Disability, Mr. Hageboeck cannot:
  ·
  Engage
                  in the consumer, savings or commercial banking business, the savings
                  and
                  loan business or the mortgage banking business in any county of any
                  state
                  in which the Company or City National maintains offices as well as
                  certain
                  other counties in West Virginia, Kentucky or
                  Ohio.
  For
        a
        period of 36 months after a termination of employment for Good Reason or without
        Just Cause, Mr. Hageboeck cannot:
  ·
  Solicit
                  any depositors or customers of the Company, City National or their
                  affiliates; or
  ·
  Induce
                  any then or former employee of the Company, City National or their
                  affiliates to terminate his or her employment with such
                  employer.
  For
        a
        period of 36 months after a termination of employment for any reason,
        Mr. Hageboeck cannot disclose any confidential information obtained by him
        while in the employ of the Company and City National.
  Stilwell
        Employment Agreement
  The
        material terms and conditions of the Stilwell Employment Agreement are as
        follows:
  -5-
  The
        term
        of the Stilwell Employment Agreement begins on July 25, 2007 and terminates
        on
        July 31, 2009, unless extended.  On each monthly anniversary date
        following July 31, 2007, the term is automatically extended for an additional
        month unless either the Company, City National or Mr. Stilwell serve notice
        to the other parties to fix the term to a definite two year period from the
        date
        of such notice.
  Cash
        compensation under the Stilwell
        Employment Agreement consists of the following:
  ·
  A
                  minimum annual salary at a rate not less than $212,000, which will
                  be
                  adjusted upward annually to reflect the Company's performance,
                  compensation levels for peer institutions and changes in the scale
                  and
                  scope of business activities of the Company under Mr. Stilwell's
                  leadership;
  ·
  An
                  "incentive compensation" at the end of each of the Company's fiscal years
                  based on the Company's Return on Tangible Equity ("ROTE") for such fiscal
                  year, such that if the Company's ROTE is at least 14%, the incentive
                  compensation will be equal to 20% of Mr. Stilwell's annual salary
                  plus an additional 5% of annual salary for each 1% increase in ROTE
                  over
                  14%, but no incentive compensation will be payable if ROTE is less
                  than
                  14%; and
  ·
  A
                  bonus to be awarded by the Company and City National's Boards of Directors
                  in their discretion based upon Mr. Stilwell's accomplishments and
                  achievements and/or his leadership of the Company and City
                  National.
  In
        the
        event that Mr. Stilwell's employment with the Company terminates during any
        fiscal year because of death, Total and Permanent Disability (defined as being
        unable to engage in any substantial gainful activity by reason of a medically
        determinable physical or mental impairment which can be expected to result
        in
        death or can be expected to last for a continuous period of not less than 12
        months), termination by the Company without Just Cause (defined below) or
        Mr. Stilwell's termination for Good Reason (defined below), the incentive
        compensation will be prorated based on the number of days worked by Mr.
        Stilwell.
  In
        addition to the foregoing, Mr.
        Stilwell will have the right to participate in the incentive plans of the
        Company and City National for which he may become eligible and designated a
        participant.  Also, Mr. Stilwell will continue to participate in the
        employee pension and welfare benefits and group employee benefits such as sick
        leave, vacation, group disability and health, life, and accident insurance
        and
        similar indirect compensation which the Company and City National may from
        time
        to time extend to its officers; provided that Mr. Stilwell will receive term
        life insurance coverage in an amount not less than two times his base
        salary.
  -6-
  If
        Mr. Stilwell suffers a Total and
        Permanent Disability during the term of the agreement, he will continue to
        earn
        all compensation (including bonuses and incentive compensation) to which he
        would have been entitled as if he had not been Totally and Permanently Disabled
        for the first 12 months of the period, reduced by the amount of any compensation
        received pursuant to any applicable disability insurance plan of the Company
        or
        City National.  Thereafter, he will receive compensation to which he
        is entitled under any applicable disability insurance plan.  In
        addition, after the first 12 months of any Total and Permanent Disability,
        the
        Board of Directors may terminate Mr. Stilwell's employment, in which case he
        will be entitled to receive "Termination Compensation" multiplied by three paid
        over 60 equal monthly installments and he will continue to receive health
        insurance covered from the Company on the same terms as were in effect prior
        to
        his termination for all periods he receives Termination
        Compensation.  "Termination Compensation" means the highest amount of
        cash compensation paid to the employee in respect of any of the three most
        recent calendar years ending prior to the date of termination, determined by
        reference to the annual cash compensation (salary, incentive compensation,
        and
        bonus).  If Mr. Stilwell dies during the term of the agreement, his
        estate will receive an amount equal to his Termination Compensation multiplied
        by three and paid over 36 equal monthly payments, in addition to any life
        insurance benefits available to all employees of City National.
  If
        (i) Mr. Stilwell voluntarily
        terminates employment with the Company and City National for any reason (other
        than Total and Permanent Disability or for Good Reason (defined below), (ii)
        the
        Company terminates Mr. Stilwell for Just Cause (defined below); or (iii) the
        Stilwell Employment Agreement terminates after the Company elects not to extend
        it and converts it to a fixed two-year period, Mr. Stilwell will be entitled
        to
        receive $693,082, plus interest at the Treasury One-Year Constant Maturity
        rate accruing from and after December 31, 2006, which will be paid to him
        over 36 equal monthly payments beginning the first month following his
        termination of employment.  This termination benefit reflects benefits
        originally provided under the Employment Agreement signed between the Company,
        City National and Mr. Stilwell on May 15, 2001, as amended on November 18,
        2003
        which benefits became fully vested on May 15, 2005.  This benefit is
        not subject to a risk of forfeiture under any circumstances except where Mr.
        Stilwell engages in a willful, fraudulent activity that materially and adversely
        affects the Company or City National and Mr. Stilwell personally profits from
        such activity.
  If
        the Company and City National
        terminate Mr. Stilwell for reasons other than Just Cause, or Mr. Stilwell
        terminates employment for Good Reason, he will receive his Termination
        Compensation times three to be paid in 36 monthly installments.
  The
        Company and City National have the
        right to terminate Mr. Stilwell for "Just Cause" if he:
  -7-
  ·
  Commits
                  an act materially detrimental to the Company or City
                  National;
  ·
  Is
                  convicted of a felony involving moral turpitude;
                  or
  ·
  Materially
                  breaches any other provision of the
                  agreement.
  Mr.
        Stilwell may voluntarily terminate
        employment for "Good Reason" if any of the following events occur without his
        express written consent:
  ·
  The
                  assignment to him of duties inconsistent with the position of Executive
                  Vice President;
  ·
  A
                  reduction in his pay grade or base salary or his exclusion from
                  participation in benefit plans in which he previously
                  participated;
  ·
  An
                  involuntary relocation more than 50 miles from where he is working
                  at such
                  time or breach of any other material provision of the agreement by
                  the
                  Company or City National;
  ·
  Any
                  purported termination of his employment by the Company or City National
                  which is not in accordance with the agreement;
                  or
  ·
  The
                  occurrence of a change of control.
  For
        a period of 36 months following a
        voluntary termination of employment or a termination of employment for Just
        Cause or Total and Permanent Disability, Mr. Stilwell cannot:
  ·
  Engage
                  in the consumer, savings or commercial banking business, the savings
                  and
                  loan business or the mortgage banking business in any county of any
                  state
                  in which the Company or City National maintains offices as well as
                  certain
                  other counties in West Virginia, Kentucky or
                  Ohio.
  For
        a
        period of 36 months following a termination for Good Reason or without Just
        Cause, Mr. Stilwell cannot:
  ·
  Solicit
                  any depositors or customers of the Company, City National or their
                  affiliates; or
  ·
  Induce
                  any then or former employee of the Company, City National or their
                  affiliates to terminate his or her employment with such
                  employer.
  -8-
  For
        a
        period of 36 months after termination for any reason, Mr. Stilwell cannot
        disclose any confidential information obtained by him while in the employ of
        the
        Company and City National.
  The
        foregoing is a summary of the material terms of the Hageboeck Employment
        Agreement and Stilwell Employment and is qualified in its entirety by each
        such
        agreement, copies of which are attached as Exhibits 10.1 and 10.2, respectively,
        to this Current Report on Form 8-K and is hereby incorporated by reference
        into
        this Item 1.01.
  Section
        9 - Financial Statements and Exhibits
  Item
        9.01 Financial Statements and Exhibits.
  (c)  Exhibits
  10.1
  Employment
                  Agreement of Charles R.
                  Hageboeck
  10.2
  Employment
                  Agreement of Craig G.
                  Stilwell
  Signatures
  Pursuant
        to the requirements of the Securities and Exchange Act of 1934, the Registrant
        has duly caused this Report to be signed on its behalf by the Undersigned
        hereunto duly authorized.
  Dated:
  July 31, 2007
  City
                  Holding Company
  By:
  /s/
                  David L. Bumgarner
  David
                  L. Bumgarner
  Chief
                  Financial Officer
  -9-