Ontario-based CVB Financial Corp. has been named the top bank in the United States by Forbes.
The magazine used ten metrics related to credit quality, growth, and profitability to rank the 100 of the largest publicly-traded banks in the country, regardless of size, according to a statement.
This was the second time in five years that Forbes, one of the most respected financial publications in the world, ranked Citizens Business Bank the top bank in the country, said Christopher D. Myers, the company’s president and chief executive officer, in the statement.
“We are thrilled to be recognized as the top bank in America by Forbes,” Myers said. “Citizens Business Bank does not strive to be the biggest, but we do want to be the best. We attribute our strong financial performance to the work ethic and talent of our associates, the loyalty and support of our clients, and the dedicated leadership of our executive team.
CVB Financial Corp. is the holding company for Citizens Business Bank. It has more than $11 billion in assets and is one of the 10 largest bank-holding companies based in California, according to the statement.