Banking Reports

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 …

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 …

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 …

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 …

Altura Credit Union reported net income of $2.6 million during the second quarter of this year, up from $2.1 million compared with the second quarter of 2015. During the first half of this year, the Riverside-based financial institution had a net income of $5.87 million, according to the company’s second …

Ontario-based CVB Financial Corp., the holding company for Citizens Business Bank, has reported second quarter net income of $25.5 million. That represented an increase of $2.1 million compared with the first quarter of 2016 but a decrease of $1.3 million year-over-year, according to a statement released Wednesday. Earnings per share …