Banking Reports

Ontario-based Citizens Business Bank has been named “The Best Bank in America” by Forbes magazine. Forbes used ten metrics involving asset quality, capital adequacy and growth and profitability in establishing the top 100 publicly traded banks in the United States for 2016, according to a statement released Tuesday. Citizens Business …

CVB Financial Corp. has announced a 12-cent-per-share cash dividend for the fourth quarter of last year. That marked the 105th consecutive quarter the Ontario-based company reported a positive cash dividend, according to a statement. The dividend was approved by CVB Financial’s board of directors at its regular meeting. It will …

Inland Empire credit unions put up some impressive numbers during the third quarter of 2015. The 23 credit unions based in Riverside and San Bernardino counties posted a record $2.57 billion worth of deposits during the quarter, according to a report released Tuesday by the California & Nevada Credit Union …

The Bank of America Charitable Foundation distributed $227,500 in grants to nonprofit charities in the Inland Empire. The grants, which are distributed every year immediately before the holidays, are meant to help pay for basic needs like food, shelter and clothing, said Cathy Paredes, vice president of Enterprise Business and …

Riverside-based Altura Credit Union has reported a net income of $1.6 million and total assets of $1.1 billion for the third quarter of this year. The report is Altura’s first quarterly data since its merger with Visterra Credit Union became official August 1, so these results can’t be compared with …

Credit Unions have a long way to go to catch up with traditional banks, but local credit unions are starting to make inroads in the mortgage market, an area that for years they barely touched. The Inland Empire housing market is making a comeback, with sales and prices both on …