For Immediate Release
Contact: D. Linn Wiley
President & CEO
Citizens Business Bank Celebrates 30 Years of
Ontario, CA, May 27,
2005-With approximately 800 shareholders, associates and guests in
attendance, CVB Financial Corp. (NASDAQ: CVBF) held its annual shareholder
meeting on May 18, 2005 at the
Mr. Wiley reviewed the financial performance for 2004 and the first quarter of 2005. CVB Financial Corp. achieved record results for the thirteenth consecutive year in 2004. As of December 31, 2004, deposits had grown to $2.9 billion; gross loans and leases reached $2.1 billion; the Bank’s capital had grown to $317.5 million; assets ended the year at $4.5 billion; and earnings totaled at $61.5 million.
Citizens Business Bank was organized in
December of 1973 and officially opened for business on August 9, 1974. The Bank was organized by seven local
businessmen, and four continue as members of the current Board of Directors.
Today, Citizens Business Bank is the largest financial institution
headquartered in the Inland Empire area of
The bank, which opened with $1.5 million in capital and
assets in 1974, has grown to $4.8 billion in assets. Citizens Business Bank is a top rated
financial institution with 40 business financial centers in 34 cities
strategically located in
Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol of CVBF. For investor information on CVB Financial Corp., visit our Citizens Business Bank website at www.cbbank.com and click on the CVB Investor tab.