Banking Reports

A proposed merger of CVB Financial Corp. in Ontario and Heritage Commerce Corp. in San Jose, has been approved by the shareholders of both institutions. First announced in December, the goal is to merge Heritage Commerce Corp “with and into CVB Financial Corp.,” according to a statement on CVB Financials’ website. …

American Business Bank has announced a 30-cents per share dividend for the fourth quarter of 2025. The dividend, to be paid March 18, is available to all shareholders as of Feb, 26, according to a statement. Based in Los Angeles, American Business Bank offers a range of financial services to …

CVB Financial Corp. in Ontario has again been named one of the best banks in the United States by Forbes Magazine. The holding company for Citizens Business Bank ranked 28th on the publication’s 2026 list of the country’s top financial service companies, according to a statement on CVB Financial’s website. This …

Ontario-based CVB Financial Corp. enjoyed a strong finish to 2025. The holding company of Citizens Business Bank reported net income of $55.0 million for the fourth quarter of 2025, up from $52.6 million in the third quarter and $50.9 million year-over-year, according to a statement on CVB Financials’ website. Earnings …

Sherri Anderson has been named president of Bank of America Inland Empire. A Riverside native with 25 years experience in financial services, Anderson will assist clients and oversee the bank’s efforts to expand throughout Riverside and Bernardino counties, according to a statement. “Throughout her career with Bank of America, Sherri …

Ontario-based CVB Financial Corp. the holding company of Citizens Business Bank, will merge with Heritage Commerce Corp., a community business bank based in San Jose. The agreement, announced Dec. 17, calls for both financial institutions to merge in an all-stock transaction worth $811 million, according to a statement released by …