Banking Reports

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 …

Alta Pacific Bancorp., the parent company of AltaPacific Bank, has reported a net income of $1.1 million, or 19 cents per share, for the second quarter. During the first six months of the year, the financial institution – which has a strong presence in the Inland Empire – reported a …

CVB Financial Corp., the holding company for Ontario-based Citizens Business Bank, reported a 12-cent per-share cash dividend during the second quarter. The dividend, which was approved by the board of directors this week, will be payable during the middle of next month, according to a statement released Wednesday. CVB Financial …

Inland Empire credit unions kept flexing their muscle during the first quarter of this year. The region’s 23 credit unions increased their membership by 13 percent – to 336,000 members – during that time compared with the first quarter of 2015, according to data released Monday by the California and …

Gene Valdez left Citizens Business Bank to start a company that coaches CEO’s on how to start or improve their business. It’s an unusual move for someone who’s been in banking for 30 years, but Valdez said it’s what he needs to do. Most people would never dream of walking …

For creditworthy business owners, a Small Business Administration (SBA) 504c loan or SBA 7-a loan is typically the first go-to solution when working capital is needed. Alternatively or additionally, one might apply for a line of credit. These are great secured financing tools to help businesses get working capital – …