Banking Reports

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 …

CVB Financial Corp. and its subsidiary, Citizens Business Bank, made record earnings during the second quarter. CVB Financial reported net income of $35.4 million for the quarter that ended June 30, a $7 million increase compared with the second quarter of 2017, according to the quarterly report. Earnings per share …

AltaPacific Bancorp reported $1.3 million in net income, or 22 cents per share, for the second quarter of this year. The financial institution also had a year-to-date income of $2.4 million  – 39 cents per share – as of June 30, according to the company’s second quarter report, which was …

Shareholders with CVB Financial Corp. in Ontario and Community Bank in Pasadena have approved the merger of the two entities. Both groups OK’d the move last week at their respective regular shareholder meetings, four months after the agreement was announced, according to a statement. CVB Financial will purchase Community Bank …

Ontario-based CVB Financial Corp. has announced a 14-cent-per-share cash dividend for the second quarter of 2018. The dividend, approved by CVB’s board of directors, will be payable around July 19 to shareholders of record as of July 5, according to a statement. CVB Financial has now paid a cash dividend …

Altura Credit Union in Riverside has pledged $600,000 to the planned Cheech Marin Center for Chicano Art, Culture and Industry, which will be located at the Riverside Art Museum. Marin thanked credit union officials for the pledge during a recent visit to downtown Riverside, according to a statement. More than …