The recent cut in banks' prime lending rate is taking its toll on some community banks' revenues, squeezing already tight margins.

D. Linn Wiley, president and chief executive officer at CVB Financial Corp. in Ontario, Calif., said that, with half of CVB's $600 million loan portfolio tied to the prime rate, the company expects $75,000 less in revenue from these loans this month.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.