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Banking Reports

CVB Financial Announces Third Quarter Earnings

Citizens Business Bank

CVB Financial Corp., the holding company of Citizens Business Bank, reported net income of $25.4 million for the third quarter, a drop of $2.5 million from the third quarter of 2015, the company has announced. Earnings per share for this year’s third quarter was 23 cents. That was the same …

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Bank Merger Announced

Bank To Merge

CVB Financial Corp., the holding company of Ontario-based Citizens Business Bank, has completed a merger with Valley Commerce Bancorp in Tulare County. In exchange for all of Valley Commerce’s common stock and options, CVB will pay $23.4 million in cash and more than 1.9 million shares of CVB stock, according …

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Another Solid Quarter for Inland Empire Holding Company

Citizens Business Bank

CVB Financial Corp., the holding company for Ontario-based Citizens Business Bank, has announced a stock dividend of twelve cents per share for the third quarter. That move was approved by the company’s board of directors at its regular meeting Wednesday, according to a statement released Thursday. The dividend will be …

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Inland bank to merge

Bank To Merge

Commerce Bank of Temecula Valley and AltaPacific Bancorp in Santa Rosa will merge. AltaPacifica will acquire Commerce Bank for approximately $15.9 million in cash and stock, creating a financial institution with approximately $430 million in assets, according to a statement. When the merger is complete, the Commerce Bank branch will …

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CBB Raises Money for Charity

Citizens Business Bank

Ontario-based Citizens Business Bank raised $60,000 through its recent 31st annual Charity Golf Classic. The event, which was held at El Niguel Country Club in Laguna Niguel, raised money for the Mission Hospital Foundation, United Cerebral Palsy of Orange County, St. Joseph Hospital Foundation and the Providence Speech and Hearing …

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Bank Makes Housing Grants

Bank Helps Inland Empire Charities

Bank of America has donated $207,500 that will be distributed among 20 Inland Empire nonprofits that are working to bring more affordable housing to the region. The grants, which will range from $50,000 to $2,500 depending on need, will also be used to upgrade neighborhoods in Riverside and San Bernardino …

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