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Tag Archives: banking

Center for Entrepreneurship gets major grant

The Inland Empire Center for Entrepreneurship at California State San Bernardino has received a $500,000 grant from the Citi Foundation. The money will help African-Americans, Native Americans, and people of color start small businesses, according to a statement on the university’s website. Citi Foundation is a charitable arm of  Citigroup, …

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Fall festival is back in Riverside County

SoCal Fair’s Fall Festival

After a one-year hiatus, the SoCal Fair’s Fall Festival and Carnival are returning to Riverside County. The 106-year-old tradition, which was put on hold last year because of the pandemic, is scheduled to be held Sept. 30 – Oct. 3 at the Lake Perris Fairgrounds, 187000 Lake Perris Drive, according …

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Credit unions have up and down first quarter

Bank Handing Customer Cash

Inland Empire credit unions accepted nearly $5 billion in deposits and issued $2.5 billion in loans during the first quarter of this year, year-over-year increases of 34 percent and three percent, respectively, according to a recent report. Both of those numbers were quarterly records, and the deposit number continued a …

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CVB Financial announces merger

Piggy Bank

CVB Financial Corp. in Ontario, the parent company of Citizens Business Bank, and Suncrest Bank in Visalia have announced they will merge. Suncrest, a growing commercial bank with a diverse loan portfolio, will merge into Citizens in a stock and cash transaction valued at about $204 million, or $16.18 per …

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CVB Financial releases second quarter earnings

Money Growth Chart

Ontario-bases CVB Financial Corp., and its subsidiary, Citizens Business Bank, have announced a net income of $51.2 million for the quarter that ended June 30. That was compared to $63.9 million and $41.6 million for the second quarter of 2020, according to a statement. Earnings per share were 38 cents …

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