For Immediate Release

Contact: D. Linn Wiley, President & Chief Executive Officer

CVB Financial Corp. Reports Record Earnings

Ontario, California, January 19, 2000. CVB Financial Corp. (AMEX/CVB), parent company of Citizens Business Bank, today announced record earnings of $25.96 million for the year ending December 31, 1999. This represents an increase of $1.84 million, or 7.64%, compared with earnings of $24.12 million for the year ending December 31, 1998. Diluted earnings per share were $1.02 for 1999. This is up $0.07, or 7.37%, from the $0.95 posted for 1998. Earnings for the year produced a return on beginning equity of 18.62%, a return on average equity of 17.90% and a return on average assets of 1.39%.

Company earnings were reduced by $4.9 million in special charges related to the acquisition of Orange National Bancorp in October 1999. The acquisition was accounted for under the pooling of interests method of accounting. Net income would have been $28.97 million without these one-time expenses. Diluted earnings per share would have been $1.14,instead of $1.02, without these costs. The net income of $28.97 million would have produced a return on beginning equity of 20.78%, a return on average equity of 19.91% and a return on average assets of 1.56%. All per share amounts have been restated to reflect the 5-for-4 stock split declared on December 15, 1999.

Deposits reached a record high of $1.50 billion at December 31, 1999. Demand deposits were $649.82 million at December 31, 1999. This represents 43.29% of total deposits. Loans, net of deferred loan fees, totaled $950.98 million at December 31, 1999. This reflects an increase of $120.28 million, or 14.48%, when compared to $830.70 million on December 31, 1998. Total assets reached a record high of $2.01 billion. This was up $167.78 million, or 9.11%, over total assets of $1.84 billion at the end of 1998.

On December 15, 1999, the Board of Directors of CVB Financial Corp., declared a 5-for-4 stock split. This decision reflects the continued growth and strong financial performance of CVB Financial Corp. and Citizens Business Bank. In addition, the Board of Directors declared a $0.12 cash dividend. The cash dividend will be paid on a post 5-for-4 split basis. This cash dividend represents the 41st consecutive quarterly cash dividend paid by the Company.

CVB Financial Corp. operates Citizens Business Bank, the largest bank headquartered in Southern California’s Inland Empire region. Shares of CVB Financial Corp. common stock are listed on the American Stock Exchange under the ticker symbol of CVB.