CVB Financial Corp. is a bank holding company incorporated in California on
April 27, 1981 and registered with the Board of Governors of the Federal Reserve
System under the Bank Holding Company Act of 1956, as amended. The Company commenced
business on December 30, 1981 when, pursuant to a reorganization, it acquired
all of the voting stock of Chino Valley Bank. On March 29, 1996, Chino Valley
Bank changed its name to Citizens Business Bank. The Bank is our principal asset.
The Company also has one inactive subsidiary, Chino Valley Bancorp. The Company
is also the common stockholder of CVB Statutory Trust III. CVB Statutory Trust
III was created in January 2006 to issue trust preferred securities in order
to raise capital for the Company.
CVB’s principal business is to serve as a holding company for the Bank
and for other banking or banking related subsidiaries, which the Company may
establish or acquire. CVB has not engaged in any other material activities to
date. As a legal entity separate and distinct from its subsidiaries, CVB’s
principal source of funds is, and will continue to be, dividends paid by and
other funds advanced from the Bank and capital raised directly by CVB. Legal
limitations are imposed on the amount of dividends that may be paid and loans
that may be made by the Bank to CVB.
The Bank commenced operations as a California state-chartered bank on August
9, 1974.
We also have three trust offices located in Ontario, Newport Beach and Pasadena.
These offices serve as sales offices for the Bank’s wealth management,
trust and investment products.
The Bank opened a new Commercial Banking Center in Santa Barbara in January
2016.
Through our network of Centers, we emphasize personalized service combined with
a wide range of banking and trust services for businesses, professionals and
individuals located in the service areas of our Centers. Although we focus the
marketing of our services to small-and medium-sized businesses, a wide range
of banking, investment and trust services are made available to the local consumer
market.
We offer a standard range of bank deposit instruments. These include checking,
savings, money market and time certificates of deposit for both business and
personal accounts. We also serve as a federal tax depository for our business
customers.
We also provide a full complement of lending products, including commercial,
agribusiness, consumer, real estate loans and equipment and vehicle leasing.
Commercial products include lines of credit and other working capital financing,
accounts receivable lending and letters of credit. Agribusiness products are
loans to finance the operating needs of wholesale dairy farm operations, cattle
feeders, livestock raisers, and farmers. We provide bank qualified lease financing
for municipal governments. Financing products for consumers include automobile
leasing and financing, lines of credit, credit cards and home equity loans and
lines of credit. Real estate loans include mortgage and construction loans.
We also offer a wide range of specialized services designed for the needs of
our commercial customers. These services include cash management systems for
monitoring cash flow, a credit card program for merchants, courier pick-up and
delivery, payroll services, remote deposit capture, electronic funds transfers
by way of domestic and international wires and automated clearinghouse, and
on-line account access. We make available investment products offered by other
providers to our customers, including mutual funds, a full array of fixed income
vehicles and a program to diversify our customers’ funds in federally
insured time certificates of deposit of other institutions.
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