For Immediate Release

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

CVB Financial Corp. Declares Cash Dividend

Ontario, California, June 22, 2000-The Board of Directors of CVB Financial Corp. (AMEX/CVB) declared a $0.12 per share cash dividend at its regularly scheduled Board of Directors Meeting on June 21, 2000.

The cash dividend of $0.12 per share will be made to shareholders of record on July 6, 2000. Payment of the cash dividend will be made on or about July 20, 2000. The cash dividend represents the 43rd consecutive quarterly cash dividend paid by the Company. This dividend reflects the strong financial position and continued superior performance of CVB Financial Corp.

CVB Financial operates Citizens Business Bank. Citizens Business Bank is a $2.0 billion independent Bank. It is the largest bank headquartered in Southern California’s Inland Empire Region. It serves the Inland Empire, Orange County and the San Gabriel Valley regions of California with 30 offices. Shares of CVB Financial Corp. common stock are listed on the American Stock Exchange under the ticker symbol of CVB.