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CBB completes merger with Suncrest Bank

Riverside County’s redistricting public hearing

Ontario-based Citizens Business Bank has completed its merger with Suncrest Bank in Visalia. The merger, which received state and federal regulatory approval in November, became official Friday, according to a statement released Friday by CVB Financial Corp., Citizens Business Bank’s holding company. The stock and cash transaction is valued at …

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CVB Financial announces 129th straight dividend

cash dividend

CVB Financial Corp., in Ontario has announced an 18-cent per share dividend for the fourth quarter of this year. That dividend, approved by the board of directors last week, will be payable to shareholders of record as of Dec. 29, according to a statement on CVB Financial’s website. Payments will …

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CVB Financial gets green light to acquire Suncrest Bank

Ontario-based CVB Financial Corp. has received federal and state approval for its acquisition of Suncrest Bank in Visalia. While several closing conditions remain, the regulatory approval by the Federal Deposit Insurance Corp. and the California Department of Financial Protection and Innovation means both financial institutions will likely merge on or …

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CVB Financial reports nearly $50 million in profits

CVB Financial reports nearly $50 million in assets CVB Financial Corp., the parent company of Citizens Business Bank, has reported a net income of $49.8 million for the quarter that ended Sept. 30. That was a slight decline from the second quarter [$51.2 million] and a slight increase from the …

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Center for Entrepreneurship gets major grant

The Inland Empire Center for Entrepreneurship at California State San Bernardino has received a $500,000 grant from the Citi Foundation. The money will help African-Americans, Native Americans, and people of color start small businesses, according to a statement on the university’s website. Citi Foundation is a charitable arm of  Citigroup, …

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CVB Financial records another profitable quarter

cash dividend

CVB Financial Corp. is reporting an 18 cents per share cash dividend for the third quarter. The dividend, announced Wednesday, was approved at the company’s board of directors meeting Wednesday, according to a statement on CVB Financial’s website. It will be payable to shareholders of record as of October 6. …

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