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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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CVB Financial releases second quarter earnings

Money Growth Chart

Ontario-bases CVB Financial Corp., and its subsidiary, Citizens Business Bank, have announced a net income of $51.2 million for the quarter that ended June 30. That was compared to $63.9 million and $41.6 million for the second quarter of 2020, according to a statement. Earnings per share were 38 cents …

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