Banking Reports

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 …

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 …

CVB Financial Corp. in Ontario has announced an 18 cent per share cash dividend for the second quarter of this year. The dividend, approved by the financial institution’s board of directors last month, will be payable on or about July 15 to all shareholders of record at the end of …

American Business Bank has declared a 10-cent stock dividend per common share. The dividend is payable July 22 to all shareholders of record at the close of business June 23, according to a statement. “We are pleased to announce the distribution of this stock dividend to our shareholders,” said Leon …

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 …

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 …