CVB Financial (CVBF) in Ontario, Calif., has agreed to buy America Bancshares in Newport Beach, Calif.

CVB said in a press release Tuesday that it will pay $57 million in cash for America Bancshares, or 133% of the seller's tangible book value. Last week, the $6.7 billion-asset CVB had discussed its interest in making an acquisition, but had admitted to facing challenges finding the perfect target.

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