IE Business Daily Business news for the Inland Empire.
CVB Financial Corp. in Ontario has again been named the best bank in the United States by Forbes magazine.
The holding company for Citizens Business Bank has achieved that ranking on Forbes’ Best Banks in America list four times in the past eight years, according to a statement on CVB Financial’s website.
The magazine’s 2023 list was published last week.
“We are honored to announce that Citizens Business Bank has been recognized for the fourth time in the past eight years as the top bank in America by Forbes,” said David Brager, president of CVB Financial and Citizens Business Bank, in the statement. “Our bank had a record year in 2022, achieving the highest annual earnings in our company’s history.”
CVB Financial manages more than $16 billion in assets and is one of the 10 largest bank holding companies based in California.
Forbes’ rankings are based on ten metrics related to credit quality, growth, and profitability for all 100 of the largest publicly-traded banks and thrifts in asset size in the country, according to the statement.
