For Immediate Release Contact: D. Linn Wiley
Chief Executive Officer
CVB Financial Corp. is the parent company of Citizens Business Bank. Citizens Business Bank has 30 offices in 23 cities in the Inland Empire, Orange County and San Gabriel Valley areas of California. As of June 30, 2001, the Company had consolidated assets of $2.33 billion, deposits of $1.65 billion and gross loans of $1.07 billion. Net income for the six months ending June 30, 2001, was $18.5 million. This represents an increase of $2.2 million, or 13.2%, when compared with net earnings of $16.3 million for the first half of 2000.
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to if and when the company many repurchase its common stock. These forward-looking statements are subject to certain risks and uncertainties that could result in, among other things, the company not repurchasing any or all of the commons stock authorized to be repurchased.