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Record earnings for Inland bank

Inland Empire Business News August 13, 2014.002

CVB Financial Corp., the parent company of Citizens Business Bank, had record earnings last year. The Ontario-based financial institution reported a net income of $104 million last year, up from a net income of $95.6 million in 2013, an increase of about ten percent, according to a statement. Earnings per …

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IE leads state in small business loans

Inland Empire Business News November, 2014.002

For the moment, the Inland Empire might be the king of small business in California. Financing of commercial real estate purchases using the U.S. Small Business Administration’s 504 Loan Program rose 20 percent in the two-county region, according to CDC Small Business Finance in San Diego. The Inland region was …

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IE leads state in small business loans

Inland Empire Business News November, 2014.002

For the moment, the Inland Empire might be the king of small business in California. Financing of commercial real estate purchases using the U.S. Small Business Administration’s 504 Loan Program rose 20 percent in the two-county region, according to CDC Small Business Finance in San Diego. The Inland region was …

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Wiley to resign

Inland Empire Braces for Shopping Season.002

D. Linn Wiley, chairman of the board of CVB Financial Corp. and its principal subsidiary, Ontario-based Citizens Business Bank, will resign. Wiley will step down as board chairman and as a board member effective Dec. 31, according to a statement released Monday. Raymond V. O’Brien III, owner and chief executive …

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BofA nears record agreement

Inland Empire news by IE Biz Hub.003

Bank of America Corp. and the Justice Department are close to an agreement in which the bank will pay between $16 million and $17 million to resolve alleged mortgage misconduct by the bank. The bank has also agreed to pay $9 billion in cash to the federal government, various government …

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Bank purchase boosts CVB earnings

Economy is Shaken by Legal Issues & Industrial.002

CVB Financial Corp., the parent company of Citizens Business Bank in Ontario, has reported a net income of $25.5 million for the second quarter of this year. That was about $1 million more than the second quarter of 2013, a 4.1 percent increase, according to the company’s recent earnings announcement. …

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