Tag Archives: banking

CVB Financial Corp. reported net earnings of $63.9 million for the first quarter of 2021, up from $50 million in the fourth quarter of 2010. That was up from $38 million in the first quarter of 2020, when the economic fallout from COVID-19 began, the Ontario-based financial institution said in …

Ontario-based CVB Financial Corp., holding company of Citizens Business Bank, has announced an 18-cent per share dividend for the first quarter of this year. Board members approved the dividend earlier this month, according to a statement on the financial institution’s website. The dividend will be payable on April 14 to …

CVB Financial Corp, the holding company for Citizens Business Bank, has earned the ranking of “Best Bank in America” for the second consecutive year, according to Forbes’ America’s Best Banks 2021. In establishing its ratings, Forbes looked at ten metrics – including credit quality, growth, and profitability – of the 100 …

For creditworthy business owners, a Small Business Administration (SBA) 504c loan or SBA 7-a loan is typically the first go-to solution when working capital is needed. Alternatively or additionally, one might apply for a line of credit. These are great secured financing tools to help businesses get working capital – …

When it comes to financing small business expenses, some business owners have trouble obtaining approval because of the strict requirements of banks. “Typically, banks require large profits and debt service coverage in order to lend to any specific business,” Jeff Brannon of Solve Capital Group said. “So many business owners …

Altura Credit Union enjoyed a solid first quarter, a three-month period highlighted by the reopening of one of its main branch offices. The Riverside-based financial institution reported net income of $2.3 million and assets of nearly $800 million during the first three months of this year, according to the company’s …