Citizens Business Bank

Citizens Business Bank is a specialty financial institution headquartered in Ontario, California. It was founded as Chino Valley Bank in 1970.[1] CVB Financial Corporation is the holding company for Citizens Business Bank.[2] It has over $14 billion in total assets.[3] The parent company is traded on the NASDAQ as CVBF.

For other banks with similar names, see Citizens Bank.
Citizens Business Bank
TypePublic
IndustryBanking
Founded1970 (1970)
HeadquartersOntario, California, U.S.
ProductsFinancial services
Websitewww.cbbank.com
Citizens Business Bank (CVBF) Stock Price

In 2018, Citizens acquired Pasadena-based Community Bank, which was founded in 1945.[4][5][6] In 1995, the company acquired Citizens Commercial Trust and Savings Bank, also of Pasadena.[7] In 1994, the company assumed the operations of the failed Pioneer Bank of Fullerton, California.[8]

As of 2021, the bank had 57 physical locations following a 2019 branch consolidation.[9]

Citizens Business Bank is the former name sponsor of the Toyota Arena in Ontario, California.[10]

References
  1. "Local banks Citizens Business, Community to combine into $12-billion institution". Los Angeles Times. 2018-02-27. Retrieved 2021-04-21.
  2. "Christopher Myers is stepping down as the head of CVB Financial Corp. – IE Business Daily". Retrieved 2021-04-21.
  3. "Citizens Business Bank Hires President". finance.yahoo.com. Retrieved 2021-04-21.
  4. "Local banks Citizens Business, Community to combine into $12-billion institution". Los Angeles Times. 2018-02-27. Retrieved 2021-04-21.
  5. Swanson, Mirjam (2018-03-08). "Citizens Business Bank to Merge With Community Bank". Outlook Newspapers. Retrieved 2021-04-21.
  6. "Citizens Business Bank acquires Community Bank, adding 16 branches". Orange County Register. 2018-08-14. Retrieved 2021-04-21.
  7. "Chino Valley Bank Near Los Angeles Buying Pasadena Thrift for $18". American Banker. 1995-11-06. Retrieved 2021-04-21.
  8. "FDIC: Press Releases (PR-42--7-8-94)". www.fdic.gov. Retrieved 2021-04-21.
  9. "UPDATED: CVB Financial to Close 10 Branches Through May | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2021-04-21.
  10. De La Cruz, Rene Ray. "Citizens Business Bank Arena renamed Toyota Arena". vvdailypress.com. Retrieved 2021-04-21.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.