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Banking Reports

OC bank starts homeowners division

Newport Beach-based Genesis Bank has opened a homeowners association banking division. The division will serve property management companies, homeowners associations, condo associations, and their boards of directors, according to a statement. It will provide online and mobile banking, treasury management, lockboxes, payment processing and depository, and fraud protection. “Genesis Bank …

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Another solid quarter for CVB Financial

cash dividend

CVB Financial Corp. has announced a dividend of 20 cents per share for the fourth quarter, which will end Dec. 31. This is the 133rd consecutive quarter the Ontario-based financial institution will distribute a profit to its shareholders, according to a statement on the company’s website. The dividend was approved …

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Wells Fargo to pay $3.7 billion in fines

UofR Giving Day declared a success

Wells Fargo has been ordered to pay $3.7 billion in fines for violations regarding several of its most profitable product lines. The penalties, levied by the U.S. Consumer Financial Protection Bureau, involve illegal fees and interest charges on automobile and mortgage loans, according to a statement released by the protection …

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CVB Financial reports strong third quarter

UofR Giving Day declared a success

CVB Financial Corp., the holding company for Citizens Business Bank, has reported net earnings of $64.6 million for the third quarter. That was an increase of $5.5 million from the second quarter and $14.8 million compared with the the third quarter of 2021, the Ontario-based financial institution reported. Earnings per …

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Another cash dividend for CVB Financial

cash dividend

CVB Financial Corp. has announced a 20-cents-per-share cash dividend for the third quarter. That’s an increase of one cent per share compared with the second quarter of this year, and it represents the Ontario company’s 132nd consecutive quarter of paying a dividend to its shareholders, according to a statement on …

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CVB Financial has solid quarter

CVB Financial Corp. reported earnings of $59.1 million for the second quarter of 2022, up from $45.6 million in the first quarter and $51.2 million year-over-year. Earnings per share was 42 cents for the quarter that ended June 30, an increase of 11 cents per share compared with the first …

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