Chief Executive Officer
Ontario, California, June 20, 2002-CVB Financial Corp. (NASDAQ:CVBF) announced a fourteen cent ($0.14) per share dividend for the second quarter of 2002. The dividend was approved at the regularly scheduled Board of Directors meeting on June 19, 2002. It will be payable on July 18, 2002, to shareholders of record as of July 3, 2002.
“We are pleased that the success of CVB Financial Corp. allows us to reward our shareholders for their support and confidence,” said D. Linn Wiley, President and Chief Executive Officer. “This is our 51st consecutive quarterly cash dividend, and it reflects the continued superior performance of CVB Financial Corp.”.
CVB Financial Corp. with $2.6 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 over $1 billion in assets under administration.
Citizens Business Bank recently announced the acquisition of Western Security Bank in Burbank, California. Western Security Bank is a single-unit bank with $137.2 million in deposits and $96.9 million in loans as of March 31, 2002. The transaction is expected to close during the month of July.
Citizens Business 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.