-
CVB Financial in Ontario, Calif., reported a slight uptick in third-quarter earnings after loans and expenses increased from its acquisition of American Security Bank.
October 23 -
Fitch Ratings has affirmed its outlook for six community banks based on their stable and improving performance.
September 25 -
CVB Financial (CVBF) in Ontario, Calif., has agreed to buy America Bancshares in Newport Beach, Calif.
February 18 -
The California company ended three years of loan runoff after expanding into San Diego and adding managers for its agribusiness, construction and mortgage operations. What it would really like to do next is find the perfect acquisition.
February 14
CVB Financial in Ontario, Calif., will have a new chairman starting Jan. 1.
D. Linn Wiley will retire as chairman of the board at yearend. The $7.4 billion-asset company will elevate its vice chairman, Raymond O'Brien III, to be Wiley's successor.
Wiley served as president and chief executive for 15 years starting in 1991. Wiley was vice chairman of the board from 2006 to 2013 before being promoted to chairman following the retirement of Ronald Kruse.
"Linn Wiley has been instrumental to the growth and success of our company for the past 23 years and has been a pillar of the California banking industry for five decades," Christopher Myers, president and chief executive of CVB Financial, said in a press release Monday.
O'Brien is currently the chief executive and owner of Cal Plate, a printing plate manufacturer in Artesia, Calif. He has been on the CVB board for two years and was a former banker at Chase Manhattan Bank and 1st Business Bank. O'Brien also served as a director of American Business Bank for 14 years.
CVB is the holding company for Citizens Business Bank which operates 40 branches, six commercial offices and three trust offices in 42 California cities.
