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Banking Reports

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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Fall festival is back in Riverside County

SoCal Fair’s Fall Festival

After a one-year hiatus, the SoCal Fair’s Fall Festival and Carnival are returning to Riverside County. The 106-year-old tradition, which was put on hold last year because of the pandemic, is scheduled to be held Sept. 30 – Oct. 3 at the Lake Perris Fairgrounds, 187000 Lake Perris Drive, according …

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Credit unions have up and down first quarter

Bank Handing Customer Cash

Inland Empire credit unions accepted nearly $5 billion in deposits and issued $2.5 billion in loans during the first quarter of this year, year-over-year increases of 34 percent and three percent, respectively, according to a recent report. Both of those numbers were quarterly records, and the deposit number continued a …

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CVB Financial announces merger

Piggy Bank

CVB Financial Corp. in Ontario, the parent company of Citizens Business Bank, and Suncrest Bank in Visalia have announced they will merge. Suncrest, a growing commercial bank with a diverse loan portfolio, will merge into Citizens in a stock and cash transaction valued at about $204 million, or $16.18 per …

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