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Banking Reports

U.S. Bank branch sells

building sold

A Rancho Cucamonga building that is home to a U.S. Bank branch office has been sold for $3.2 million. Progressive Real Estate Partners in Rancho Cucamonga represented both parties in the all-cash transaction, according to a statement released today. The seller is a private investor in Santa Barbara County, the …

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CVB Financial bounces back

CVB Financial posts another dividend

CVB Financial Corp. reported net earnings of $63.9 million for the first quarter of 2021, up from $50 million in the fourth quarter of 2010. That was up from $38 million in the first quarter of 2020, when the economic fallout from COVID-19 began, the Ontario-based financial institution said in …

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CVB Financial has another strong quarter

Money Growth Chart

Ontario-based CVB Financial Corp., holding company of Citizens Business Bank, has announced an 18-cent per share dividend for the first quarter of this year. Board members approved the dividend earlier this month, according to a statement on the financial institution’s website. The dividend will be payable on April 14 to …

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CVB Financial named top bank in U.S.

CVB Financial Corp, the holding company for Citizens Business Bank, has earned the ranking of “Best Bank in America” for the second consecutive year, according to Forbes’ America’s Best Banks 2021. In establishing its ratings, Forbes looked at ten metrics – including credit quality, growth, and profitability – of the 100 …

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CVB Financial has new repurchase plan

CVB Financial Corp. the holding company for Citizens Business Bank is starting a new stock repurchase plan. The plan allows for a maximum of 4,585,145 shares of CVB Financial’s common stock to be repurchased by the company between Nov. 6 of this year and Nov. 5, 2021, according to a …

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CBB to make food bank donation

Ontario-based Citizens Business Bank will donate $50,000 to food banks in Southern California, including the Inland Empire, and the Central Valley. The donations normally support the bank’s annual award celebration and holiday party, but this year they’ll be helping food banks during COVID-19, according to a statement. “As a result …

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