For Immediate Release

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

CVB Financial Corp. Reports Record Earnings

Ontario, California, January 17, 2001. CVB Financial Corp. (AMEX/CVB), parent company of Citizens Business Bank, today announced record earnings of $34.68 million for the year ending December 31, 2000. This represents an increase of $8.72 million, or 33.60%, when compared with earnings of $25.96 million for the year ending December 31, 1999.

Diluted earnings per share were $1.23 for 2000. This is up $0.30, or 32.26%, from the $0.93 posted for 1999. All per share amounts have been restated to reflect the 10% stock dividend declared on December 20, 2000.

Earnings for the year produced a return on beginning equity of 24.64%, a return on average equity of 21.96% and a return on average assets of 1.67%. Linn Wiley, President and Chief Executive Officer for CVB Financial Corp. and Citizens Business Bank, stated, "We are very pleased with our performance for 2000. These are among the highest returns in the history of the Company."

Earnings for the fourth quarter ending December 31, 2000 were $9.24 million. This represents an increase of $3.77 million, or 69.06%, over the earnings of $5.47 million reported for the fourth quarter of 1999. This was the 35th consecutive quarter of record earnings. Earnings for 1999 included a non-recurring, pre-tax charge of $4.86 million for the acquisition costs associated with the acquisition of Orange National Bank.

Deposits reached a record high of $1.60 billion at December 31, 2000. Demand deposits were $665.29 million, or 41.71% of the total deposits. Gross loans and leases were $1.05 billion at December 31, 2000. This represents an increase of $98.94 million, or 10.39%, when compared to gross loans and leases of $952.55 million on December 31, 1999. Total assets reached a record high of $2.31 billion. This was up $297.24 million, or 14.78%, over total assets of $2.01 billion at the end of 1999.

The Board of Directors of CVB Financial Corp. declared a 10% stock dividend on December 20, 2000. 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 10% stock dividend basis. This cash dividend represents the 45th consecutive quarterly cash dividend paid by the Company.

CVB Financial Corp. operates Citizens Business Bank. Citizens Business Bank has 30 branch offices in the Inland Empire, Orange County and San Gabriel Valley areas of California. Shares of CVB Financial Corp. common stock are listed on the American Stock Exchange under the ticker symbol of CVB.

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