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George A. Borba Jr. has been named chairman of the board of CVB Financial Corp. and Citizens Business Bank.
Borba has been director and vice chairman of both boards since 2012, according to statement on Citizens Business Bank’s website.
He replaces Hal W. Oswalt, who has stepped down as chairman of both boards and is now vice chairman of both.
The transition was agreed to at CVB Financial’s annual meeting May 20 and was effective immediately. Ontario-based CVB Financial is the parent company of Citizens Business Bank.
“Hal Oswalt has served with distinction as only the fifth chairman in Citizens Business Bank’s 51-year history,” Borba said in the statement. “His steady leadership and clear vision have played a pivotal role in driving the company’s sustained growth and strong performance, positioning us among the top-performing banks in the nation.”
Oswalt began serving as director of both boards in 2014. He was appointed chairman of each in 2022.
CVBF is one of the ten largest bank holding companies in California with more than $20 billion in total assets, according to the statement.
