Chief Executive Officer
Ontario, California, September 22, 2003-CVB Financial Corp. (NASDAQ:CVBF) announced a twelve-cent ($0.12) per share dividend for the third quarter of 2003. The dividend was approved at the regularly scheduled Board of Directors meeting on September 17, 2003. It will be payable on October 16, 2003, to shareholders of record as of October 1, 2003.
“This is our 56th consecutive quarterly cash dividend. It reflects the continued superior performance of CVB Financial Corp,” said D. Linn Wiley, President and Chief Executive Officer. “We are pleased to share our success and recognize our shareholders for their confidence and loyalty.”
CVB Financial Corp. with $3.6 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. Its subsidiary Golden West Financial Services provides vehicle leasing, equipment leasing and real estate loan services.
CVB Financial Corp. recently announced the acquisition of Kaweah National Bank. Kaweah National Bank has $86.6 million in assets, $81.7 million in deposits and $72.7 million in loans. They are headquartered in Visalia, California, with offices in Tulare, Porterville and McFarland.
Citizens Business Bank specializes in serving business and professional clientele through 37 business financial centers in 30 cities in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas 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.
This document may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including the inability to integrate the operations of Kaweah National Bank with Citizens Business Bank. For a discussion of other factors that could cause actual results to differ, please see the publicly available Securities and Exchange Commission filings of CVB Financial Corp., including its Annual Report on Form 10-K for the year ended December 31, 2002, and particularly the discussion of risk factors within that document.