Banking Reports

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 – …

Mark Hawkins, president and chief executive officer of Altura Credit Union, is retiring. Hawkins will step down Feb. 17 after the board of directors selects his replacement, according to a statement posted on Altura’s website. Under Hawkins’ 29 years of leadership, Altura became the largest credit union based in the …

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 …