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CVB Financial cancels stock buyback

CVB Financial Corp., the holding company for Citizens Business Bank, is temporarily suspending its stock repurchasing program. The uncertainty created by the Coronavirus outbreak has created too much uncertainty, locally and around the world, to proceed with the plan, Chief Executive Officer David E. Brager said in a statement. CVB …

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CVB Financial reports another cash dividend

Ontario-based CVB Financial has announced a cash dividend of 18 cents per share for the first quarter of this year. That dividend, approved Wednesday by the board of directors, will be payable on or about April 22 to all shareholders as of April 8, according to a statement. “The company’s …

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Credit union to move within San Bernardino

A credit union for people who work in education has bought a building in downtown San Bernardino that will serve as its headquarters. Thinkwise Credit Union paid $2.25 million for the vacant structure at 599 N. E St., according to a statement.  Avison Young Los Angeles represented Thinkwise Credit Union …

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Brager named CEO of CVB Financial Corp.

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 …

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CVB Financial named top bank in U.S.

Ontario-based CVB Financial Corp. has been named the top bank in the United States by Forbes. The magazine used ten metrics related to credit quality, growth, and profitability to rank the 100 of the largest publicly-traded banks in the country, regardless of size, according to a statement. This was the …

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CVB Financial announces fourth quarter earnings

Ontario-based CVB Financial Corp., the holding company of Citizens Business Bank, reported net income of $51.3 million for the quarter that ended December 31, 2019, compared with $43.2 million for the fourth quarter of 2018.  Earnings per share were 37 cents, up from 31 cents year over year, according to …

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