Banking Reports

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 …

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 …

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 …

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. …

California Attorney General Kamala Harris announced Tuesday that a $550 million settlement has been reached between the state and federal government and SunTrust Mortgage. The three-year settlement, which affects 47 other states, will provide payments to some California residents related to foreclosure and servicing abuses and mortgage origination, according to …

Citizens Business Bank’s merger with American Security Bank is now official. The acquisition, which was first announced in February, was concluded last Thursday after all regulatory approvals were completed, according to a Citizens Business Bank statement. “The merger with American Security Bank is an exciting opportunity for Citizens Business Bank …