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Tag Archives: banking

Bank merger completed

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Citizens Business Bank’s merger with American Security Bank is now official. The acquisition, which was first announced in February, was concluded last Thursday after all regulatory approvals were completed, according to a Citizens Business Bank statement. “The merger with American Security Bank is an exciting opportunity for Citizens Business Bank …

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CVB Financial has strong quarter

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CVB Financial Corp. reported record first-quarter earnings this year. The parent company of Ontario-based Citizens Business Bank recorded a net income of $28.7 million for the quarter that ended March 31, up from $21.6 million for the first quarter of 2013, according to a statement released Wednesday. That was a …

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New leadership for CVB Financial

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Ronald O. Kruse has stepped down as chairman of CVB Financial Corp., the holding company for Citizens Business Bank. Kruse announced his retirement Wednesday, effective immediately. He will also resign his place on CVB Financial’s Board of Directors at the conclusion of the company’s annual shareholder’s meeting May 22, according …

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Local bank receives 5 stars

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Chino Commercial Bank, a subsidiary of Chino Commercial Bancorp, was recognized by Bauer Financial with their highest rating of “5- Stars” for the most recent financial performance according to a news release. “We are very honored to receive this award, but more importantly, we are pleased with the positive results …

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CVB Financial merges with Orange County-based bank

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CVB Financial Corp., the parent company of Citizens Business Bank, has agreed to purchase American Bancshares in Newport Beach. The transaction, which was announced Tuesday, is worth $57 million, according to a statement. CVB Financial is based in Ontario and is the largest financial institution in the Inland Empire. It …

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