Banking Reports

Inland Empire-based credit unions loaned an estimate $2 billion during the fourth quarter of 2017, a 12 percent year-over-over increase, according to data. Total deposits in Inland-based credit unions reached a record $3 billion, the Ontario-based California Credit Union League reported in its fourth quarter analysis of the Inland region. …

CVB Financial Corp. scored record quarterly earnings during the first quarter of this year. The parent company of Citizens Business Bank reported a net income of $34.9 million for the three-month period that ended March 31, up from $28.5 million in the first quarter of 2017, according to a statement …

CVB Financial Corp. has announced a 14-cent per share cash dividend for the first quarter. The dividend, which was approved by the board of directors at its regular meeting Wednesday, will be payable on or about April 19, according to a statement. All shareholders of record as April 5 will …

CVB Financial Corp. in Ontario, the parent company of Citizens Business Bank, has agreed to purchase Pasadena-based Community Bank for an estimated $878.3 million in cash and stock. The merger was based on CVB Financial’s closing stock price of $23.37 per share on Friday, according to a statement. CVB Financial’s …

Altura Credit Union reported net income of $10.2 million for 2017, a 30.1 percent year-over-year increase. Riverside-based Altura also reported assets of $1.2 billion for last year, up 4.9 percent compared with 2016, according to its recent year-end financial report. “We are very pleased with Altura’s financial performance in 2017,” …

Ontario-base CVB Financial Corp., the parent company of Citizens Business Bank, had net income of $17.9 million for the fourth quarter of last year. That figure – 16 cents per share – was down from $27.1 million compared with the fourth quarter of 2016, the company announced Wednesday. However, that …