IE Business Daily Business news for the Inland Empire.
More than 18,400 consumers joined an Inland Empire-based credit during the year that ended June 30, a move percent year-over-year increase, according to a report by the California Credit Union League. At the end of the second quarter, total credit union membership in Riverside and San Bernardino counties exceeded 366,000 …
Read More »CVB Financial to announce third quarter results
Ontario-based CVB Financial Corp. will release its third-quarter financial results Oct. 24. The following day, management will hold a conference call at 7:30 a.m Pacific Daylight Time to discuss those results, according to a statement. The conference call, which can be reached by calling (877) 506-3368, will be simulcast on …
Read More »Bank gives out development grants in IE
Bank of America has donated $267,500 in economic development grants among 20 Inland Empire based nonprofits. The donations will help local businesses and improve community development throughout Riverside and San Bernardino counties, according to a statement. Typically, nonprofits that receive the grants provide services like assisting affordable housing, small business …
Read More »LA bank opens IE loan office
American Business Bank has opened a loan production office in Corona. Five people are working out of the office at 1250 Corona Pointe Court, said Karen Schoenbaum, the company’s chief financial officer. Riverside County has been a lucrative market for American Business Bank since the Los Angeles-based financial institution opened …
Read More »Bank merger is official
The merger of CVB Financial Corp. in Ontario and Pasadena-based Community Bank has been completed. First announced in February, the transaction became official late Friday afternoon, according to a statement released by both financial entities. Value of the deal is approximately $903 million. The agreement joins Citizens Business Bank, a …
Read More »Proposed bank merger gets government approval
The proposed merger between Ontario-based CVB Financial Corp. and Community Bank in Pasadena has been approved by the Federal Deposit Insurance Corp. and the California Department of Business Oversight. The merger is expected to become official Aug. 10 pending the fulfillment of “customary closing conditions,” according to a statement released …
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