Tag Archives: Banking Reports

Bank of America has awarded $387,500 to 43 nonprofit agencies in the Inland Empire. The economic mobility grants were given to organizations that help people achieve financial success, mostly through mentorship, skills training and by offering financial education, according to a statement. Feeding America Riverside/San Bernardino Counties, Community Health Action …

Ontario-based CVB Financial Corp. and its subsidiary, Citizens Business Bank, reported net income of $28.5 million for the first quarter of this year. That’s an increase of $1.4 million from the fourth quarter of 2016 and a $5.1 million increase year-over-year, according to a statement released Tuesday by CVB Financial. …

Credit unions pumped an estimated $780 million into the Inland Empire economy and produced approximately $87 million in savings to its members during 2016, according to data released Tuesday. Statewide, credit unions had a $17 billion impact on the economy last year, about the same as Kraft Heinz, General Mills, …

Ontario-based CVB Financial Corp. has announced a cash dividend of 12 cents per share for the first quarter of 2017. The dividend, which is CVB Financial’s 110th consecutive quarterly cash dividend, was approved by the company’s board of directors on Wednesday, according to a statement. It will be payable on …

Ontario-based  CVB Financial Corp., the parent company of Citizens Business Bank, will acquire Valley Business Bank in Visalia. The Federal Deposit Insurance Corporation, along with the shareholders of Valley Commerce Bancorp, approved the purchase in February, according to a statement released Tuesday. Valley Commerce Bancorp. is the parent company of Valley …

Galilee Center, a facility in Mecca that provides basic needs such as food and clothing to disadvantaged migrants in the Coachella Valley, has received a $200,000 grant from Bank of America. The donation, part of Bank of America’s Neighborhood Builders Program, will allow the Galilee Center in Mecca to continue …