Chief Executive Officer
Ontario, California, March 22, 2002-CVB Financial Corp. (NASDAQ:CVBF) announced a fourteen cents ($0.14) per share dividend for the first quarter of 2002. The dividend was approved at the regularly scheduled Board of Directors meeting on March 20, 2002. It will be payable on April 17, 2002, to shareholders of record as of April 3, 2002.
The $0.14 dividend represents an increase of $0.01, or 7.7%, over the previous quarter dividend of $0.13 per share. It is the 50th consecutive quarterly cash dividend for the Company.
“We are pleased that the success of CVB Financial Corp. allows us to increase our dividend. This increase in dividends also reflects our confidence in the future of our Company and our appreciation to our shareholders for their support,” stated Linn Wiley, President and Chief Executive Officer.
CVB Financial Corp. with $2.5 billion in assets operates Citizens Business Bank, the largest bank headquartered in the Southern California Inland Empire region. The Bank’s Wealth Management Group based in Pasadena has nearly $1 billion under administration. The Bank specializes in serving business and professional clientele through 31 business financial centers in 24 cities in the Inland Empire, Orange County, the San Gabriel Valley and the Southern Central Valley regions of California.
Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol of CVBF. For more information, please visit our website at www.cbbank.com.