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Tag Archives: Banking Reports

LA bank opens IE loan office

American Business Bank has opened a loan production office in Corona. Five people are working out of the office at 1250 Corona Pointe Court, said Karen Schoenbaum, the company’s chief financial officer. Riverside County has been a lucrative market for American Business Bank since the Los Angeles-based financial institution opened …

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Bank merger is official

The merger of CVB Financial Corp. in Ontario and Pasadena-based Community Bank has been completed. First announced in February, the transaction became official late Friday afternoon, according to a statement released by both financial entities. Value of the deal is approximately $903 million. The agreement joins Citizens Business Bank, a …

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Proposed bank merger gets government approval

The proposed merger between Ontario-based CVB Financial Corp. and Community Bank in Pasadena has been approved by the Federal Deposit Insurance Corp. and the California Department of Business Oversight. The merger is expected to become official Aug. 10 pending the fulfillment of “customary closing conditions,” according to a statement released …

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CVB Financial has best quarter ever

CVB Financial Corp. and its subsidiary, Citizens Business Bank, made record earnings during the second quarter. CVB Financial reported net income of $35.4 million for the quarter that ended June 30, a $7 million increase compared with the second quarter of 2017, according to the quarterly report. Earnings per share …

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Bank has solid quarter, year-to-date

AltaPacific Bank

AltaPacific Bancorp reported $1.3 million in net income, or 22 cents per share, for the second quarter of this year. The financial institution also had a year-to-date income of $2.4 million  – 39 cents per share – as of June 30, according to the company’s second quarter report, which was …

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Bank merger approved by stockholders

Shareholders with CVB Financial Corp. in Ontario and Community Bank in Pasadena have approved the merger of the two entities. Both groups OK’d the move last week at their respective regular shareholder meetings, four months after the agreement was announced, according to a statement. CVB Financial will purchase Community Bank …

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