Item 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

(c) The Board of Directors of Canyon National Bank, the wholly-owned subsidiary of the Company, has appointed Mark Gustafson as Interim Chief Credit Officer of Canyon National Bank effective February 23, 2009. Mr. Gustafson has been with Canyon National Bank since July 2008, serving as the Bank's Senior Vice President/Strategic Planning Officer from July 2008 to October 2008, and becoming the Bank's Executive Vice President and Chief Operating Officer in October 2008. Previously, from January 2004 to September, 2007, Mr. Gustafson served as President and Chief Executive Officer of Ogden Bancshares, Inc., Ames, Iowa. Prior to this, Mr. Gustafson served as President and Chief Executive Officer and Trust Officer of Community Bank of Boone, Boone, Iowa, a de novo charter bank owned by Ogden Bancshares, Inc.

The Bank is in the process of searching for a permanent Chief Credit Officer. Mr. Gustafson replaces Jeffrey Gobble who will remain with the Bank as Senior Vice President and Senior Commercial Loan Officer.

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