David A. Brager has been named the next chief executive officer of Ontario-based CVB Financial Corp.
Currently the company’s executive vice president-sales division manager, Brager will take over March 16, the day President and Chief Executive Officer Christopher D. Myers is scheduled to retire, according to a statement.
Brager is also being appointed to the boards of CVB Financial and Citizens Business Bank, a subsidiary of CVB Financial.
Board members, along with Spencer Stuart, a global executive search firm based in Chicago, conducted a nationwide search before promoting Brager. Myers, who has been chief executive officer since 2006, will remain as a consultant through the end of this year, to help ensure a smooth transition.
“Our board is very grateful for Chris Myers’ leadership the past 13 years and is truly delighted to have selected Dave Brager as chief executive officer to lead our company’s next chapter,” said Raymond V. O’Brien III, the CVB Financial’s chairman of the board, in the statementt. “Following Chris’ decision to retire, our board engaged in a thoughtful evaluation process. While the Board was already impressed with Dave, it was helpful to benchmark his candidacy against an extensive, nationwide field of contenders.
“We are quite pleased with the outcome.”
Brager has more than 30 years of banking experience in a variety of senior leadership roles, including the last 17 years at Citizens Business Bank, where he has overseen all of its business financial centers, customer lending and deposit relationships, according to the statement.
CVB Financial Corp. is the holding company for Citizens Business Bank. It’s one of the 10 largest bank holding companies in California with over $11 billion in total assets, according to the statement.