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Banking Reports

Bank to announce quarterly earnings

Inland Empire Financial Earnings

Ontario-based CVB Financial Corp. and its principal subsidiary, Citizens Business Bank, will announce its financial results for the second quarter on July 19. The results will be released after the market closes that day, according to a statement. Company officials are scheduled to hold a conference call at 7:30 a.m. …

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Inland Empire credit union members are smart with their money

Inland Empire Financial Earnings

Credit union members in the Inland Empire are spending their money wisely, according to a report released Monday. Among local residents who belong to Inland Empire-based credit unions, first mortgages rose 12 percent during the first quarter of this year, to $401 million, the Ontario-based California Credit Union League reported. …

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CVB Financial posts another dividend

Ontario-based CVB Financial Corp., the holding company for Citizens Business Bank, has announced a 14 cent per share cash dividend for the second quarter. That dividend, which was approved by the board of directors Wednesday, will be payable on or about July 20 to all shareholders of record on July …

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BofA helps local nonprofits

Bank of America has awarded $387,500 to 43 nonprofit agencies in the Inland Empire. The economic mobility grants were given to organizations that help people achieve financial success, mostly through mentorship, skills training and by offering financial education, according to a statement. Feeding America Riverside/San Bernardino Counties, Community Health Action …

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CVB Financial posts strong first quarter

Citizens Business Bank

Ontario-based CVB Financial Corp. and its subsidiary, Citizens Business Bank, reported net income of $28.5 million for the first quarter of this year. That’s an increase of $1.4 million from the fourth quarter of 2016 and a $5.1 million increase year-over-year, according to a statement released Tuesday by CVB Financial. …

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Credit unions flex their muscle

Credit unions pumped an estimated $780 million into the Inland Empire economy and produced approximately $87 million in savings to its members during 2016, according to data released Tuesday. Statewide, credit unions had a $17 billion impact on the economy last year, about the same as Kraft Heinz, General Mills, …

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