IE Business Daily Business news for the Inland Empire.
Ontario-based Citizens Business Bank has completed its merger with County Commerce Bank in Ventura County.
The transaction, which was announced in October, was officially completed Monday, according to a statement by CVB Financial Corp., Citizens Business Bank’s holding company.
Citizens Business Bank now has six locations in Ventura County: the former County Commerce Bank branches in Oxnard, Ventura, Camarillo and Westlake Village, and its original locations in Santa Barbara and Oxnard.
“We are well-positioned to compete in this new territory,” said Christopher D. Myers, CVB Financial’s president and chief executive officer, in a statement. “We will build upon [County Commerce Bank’s] strong foundation and broaden customer relationships through our enhanced product offerings and higher credit capacity.”
