Suncrest Bank Information Center
On July 27, 2021, our Board of Directors, along with the Board of Directors of Suncrest Bank, approved a definitive agreement to merge Suncrest Bank into Citizens Business Bank. The merger is expected to close later this year or early next year, following regulatory, shareholder, and other approvals.
We are committed to helping you through this transition by focusing on the things that matter most: the valued customer and quality relationship banking. The following information provides answers to questions related to this merger.
A Message from Citizens Business Bank CEO, David Brager
Our Board of Directors, along with the Board of Directors of Suncrest Bank, approved a definitive agreement to merge Suncrest Bank into Citizens Business Bank. The merger is expected to close later this year or early next year, following regulatory, shareholder and other approvals. We are committed to helping you through this transition by focusing on the things that matter most to us: quality relationship banking and you, the valued customer.
Our choice to merge with Suncrest Bank was based on the desire to partner with an organization that shares our values and aligns with our relationship banking culture. Citizens Business Bank has been serving the needs of successful small to medium-sized businesses, and their owners, in California since 1974, and in that time we have earned a reputation as one of the top-performing banks in the nation. Most recently, our Bank was named the #1 Bank in America by Forbes 2021 Best Banks in America for the second consecutive year.
Once the merger is complete, your relationship with Citizens Business Bank means you’ll have access to our financial expertise, successful track record, and wide array of products and services at more than 50 banking locations and 3 trust offices throughout Central and Southern California. We look forward to providing you with excellent service and a wider array of products and services to assist you in attaining your business and personal objectives.
Chief Executive Officer
Citizens Business Bank
Business as Usual
There will be no change to your current banking relationship due to the announcement of the merger. You may continue to use your debit and credit cards, checks, online banking, and all other services as usual. Please continue to make loan payments as you do today.
The merger is expected to close later this year or early next year, following regulatory, shareholder and other approvals.
You will receive additional information about Citizens Business Bank and any potential changes to your accounts or services as the merger approaches.
Up-to-date information about the merger will be available in the Information Center on cbbank.com.
1CVB Financial Corp. is the holding company for Citizens Business Bank.
Since 1974, Citizens Business Bank has been creating banking relationships by focusing on our customer and helping them achieve more for their business, their employees, and the communities they serve. Our founder, George A. Borba Sr., was an enterprising dairy farmer and small business owner from Southern California. George saw a need to support other business owners in his community by helping them preserve and enhance the value of their companies. He shared his vision with a group of local business leaders who cared deeply about their community, and together they set out to design a new banking experience.
Chino Valley Bank was established in August of 1974. More than 45 years later, Citizens Business Bank has grown to more than $15 billion in assets with 3 trust offices and over 50 banking locations throughout California. We changed our name to Citizens Business Bank along the way, but we still hold true to our original vision.
We are proud to be in the position to assist entrepreneurs with opportunities to foster and grow their businesses. Our customers’ success is our success. We are able to build long-standing relationships with each customer by treating them the same way they would like to be treated. In fact, many of our customers have banked with us for decades. Our unwavering commitment to personal service is the reason we are consistently recognized as one of the top-performing banks in the nation.
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Fitch Ratings, 2021
Findley Reports, 2020