Banking Reports

Chino Commercial Bank, a subsidiary of Chino Commercial Bancorp, was recognized by Bauer Financial with their highest rating of “5- Stars” for the most recent financial performance according to a news release. “We are very honored to receive this award, but more importantly, we are pleased with the positive results …

CVB Financial Corp., the parent company of Citizens Business Bank, has agreed to purchase American Bancshares in Newport Beach. The transaction, which was announced Tuesday, is worth $57 million, according to a statement. CVB Financial is based in Ontario and is the largest financial institution in the Inland Empire. It …

Mission Oaks Bancorp. in Temecula will merge with Santa Rosa-based AltaPacific Bancorp. The transaction, announced earlier this week, is an all-cash arrangement worth an estimated $3.5 million, according to a report that was first published by The Press-Enterprise. The transaction is expected to close during the second quarter. AltaPacifica bought …

CVB Financial Corp., the parent company of Ontario-based Citizens Business Bank Arena, have announced record earnings for 2013. Net income for the year was $95.6 million, or 91 cents per diluted share, the highest in CVB Financial’s history, according to the company’s earnings report for the year, which was released …

Altura Credit Union in Riverside reported a net income of nearly $4.2 million during the third quarter. That marked the 10th consecutive quarter that Altura Credit, which has posted $12.7 million in earnings this year, recorded a profitable quarter, according to a report originally published in The Press-Enterprise. Altura Credit …

The parent company of Riverside-based Security Bank of California has entered into an agreement that will provide venture capital to people who are interested in starting high-tech projects. James A. Robinson, chairman and chief executive of Security California Bancorp, called the partnership with Grayhawk Capital an attempt to create jobs …