CVB Financial taps insider to succeed retiring chief
CVB Financial in Ontario, Calif., has tapped an insider as its next CEO.
The $11 billion-asset company said in a press release Wednesday that David Brager will also succeed Christopher Myers as president on March 16. Myers announced plans to retire last summer.
Brager, who is CVB’s sales division manager, will also join the company’s board.
CVB conducted a nationwide search for Myers’ successor, Raymond O’Brien III, the company’s chairman, said in the release.
“While the board was of course already impressed with Dave, it was important and helpful to have the opportunity to benchmark his candidacy against an extensive, nationwide field of contenders. We are quite pleased with the outcome,” O’Brien said.
Brager, who joined CVB in 2003, has more than 30 years of banking experience in a variety of senior leadership roles. At CVB, he has been responsible for the bank’s business financial centers, customer lending and deposits, marketing and treasury management, among other things.
“I see this as a terrific opportunity to leverage my deep understanding of our bank’s growth strategies and local geographic markets to continue to deliver strong financial results,” Brager said.
Myers, who has been the company’s CEO since 2006, will serve as a consultant through the end of this year.