Banking Reports

Ontario-based CVB Financial Corp., the holding company for Citizens Business Bank, has a new chief financial officer. E. Allen Nicholson has been named to that position in both institutions effective July 1, according to a statement released Wednesday. Nicholson will replace Richard C. Thomas, whose retirement was announced in April. …

Ontario-based CVB Financial Corp. has announced a dividend of 12 cents per share for the first quarter of this year. The payment, which was approved by CVB Financial’s board of directors last week, will be paid next month, according to a statement. This is the 106th consecutive quarter that CVB …

Ontario-based Citizens Business Bank has completed its merger with County Commerce Bank in Ventura County. The transaction, which was announced in October, was officially completed Monday, according to a statement by CVB Financial Corp., Citizens Business Bank’s holding company. Citizens Business Bank now has six locations in Ventura County: the …

Credit unions continue to gain popularity in the Inland Empire. Membership in the consumer-owned financial institutions grew in Riverside and San Bernardino counties grew 11.8 percent between the fourth quarter of last year and the fourth quarter of 2014, according to data released by the California Credit Union League. Credit …

Ontario-based CVB Financial Corp., the holding company for Citizens Business Bank, reported net income of $28.6 million for the quarter that ended Dec. 31, an increase of $3 million year-over-year. Earnings per share during the fourth quarter of last year were 27 cents, up three cents compared with the last …

Ontario-based Citizens Business Bank has opened a bank in Santa Barbara, continuing the financial institution’s move into the Santa Barbara County-Ventura County market it began nearly one year ago. The new branch, which opened Jan. 11, employs four people and is being led by Phil Morreale, senior vice president with …