Banking Reports

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 …

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 …