George Borba, co-founder and chairman of CVB Financial in Ontario, Calif., has died.
Borba, along with his brother John, Ron Kruse and others, founded Chino Valley Bank in 1974 "with the vision of creating a community bank that could provide customized banking relationships to the many small businesses and business owners in the greater Chino area," the $6.3 billion-asset CVB said in a press release Tuesday.
CVB (CVBF) has turned a profit in every quarter for nearly 35 years and has paid a cash dividend to shareholders for the past 23 years, the release said. Borba never sold any of his shares of stock during his 38-year tenure as chairman, the release said.
Borba was born in 1932 in Ontario, Calif., and was one of five children. He is survived by his wife, Dolores; five children; 18 grandchildren; and four great-grandchildren.
"When we remember George, we will not forget the strong culture he created here," Chief Executive Chris Myers said in the release. "His faith, character, integrity, honesty, and tenacity served as the foundation for our bank's many achievements. His legacy will be the cornerstone of our future success."
The board of CVB has named Kruse, its vice chairman and founding director, the acting chairman.