Tag Archives: Banking Reports

CVB Financial Corp., the parent company of Ontario-based Citizens Business Bank, reported net income of $26.8 million during the second quarter of this year. That represents a $1.3 million increase compared with the second quarter of 2014, or 5.2 percent, according to CVB Financial’s second quarter earnings report, which was …

The Bank of America Charitable Foundation is helping several non-profit entities in the Inland Empire. The organization recently donated $205,000 to 23 non-profits in Riverside and San Bernardino counties, with the money earmarked for workforce development and education, according to a statement released Tuesday. Path of Life Enterprises, the San …

Credit unions raised their profile in the Inland Empire during the past year. The 25 credit unions based in the Inland Empire issued approximately $1.2 billion in loans during the one-year period that ended March 31, according to data released recently by the California Credit Union League. That was a …

Altura Credit Union and Visterra Credit Union are planning to merge. Both Inland Empire-based financial institutions announced their plans Thursday, according to a report in The Press-Enterprise. If approved, the merger could be completed by July 1. The new company, Altura Credit Union, would be worth an estimated $1 billion, …

CVB Financial Corp., the parent company of Citizens Business Bank, had record earnings last year. The Ontario-based financial institution reported a net income of $104 million last year, up from a net income of $95.6 million in 2013, an increase of about ten percent, according to a statement. Earnings per …

For the moment, the Inland Empire might be the king of small business in California. Financing of commercial real estate purchases using the U.S. Small Business Administration’s 504 Loan Program rose 20 percent in the two-county region, according to CDC Small Business Finance in San Diego. The Inland region was …