CVB FINANCIAL Business Summary

CVB Financial Corp. (CVBF) operates as the bank holding company for Citizens Business Bank, generating revenue primarily through net interest income derived from a diverse portfolio of commercial, real estate, and agribusiness loans, as well as non-interest income from its CitizensTrust division. The company’s business segments are centered on business and consumer banking, offering specialized services such as SBA lending, equipment leasing, and wealth management across more than 60 banking centers in California. As of early 2026, CVBF maintains a robust market position as one of the ten largest bank holding companies headquartered in California, with over $15 billion in assets and a recent strategic merger agreement with Heritage Commerce Corp to expand its Northern California footprint. It competes directly with regional peers such as Westamerica Bancorporation, Cathay General Bancorp, and Hope Bancorp, distinguishing itself through a high-density focus on small-to-medium-sized businesses and a consistent ranking on Forbes’ list of America’s Best Banks. Originally founded in 1974 by a group of investors including George Borba Sr. and Ronald O. Kruse, the company is currently led by President and CEO David A. Brager, a veteran banker who has been with the institution for over two decades. The executive team includes E. Allen Nicholson as Executive Vice President and CFO, and David C. Harvey as COO, both of whom bring extensive experience from major regional and national financial institutions. The Board of Directors is chaired by Hal W. Oswalt and includes Vice Chairman George A. Borba Jr., maintaining a link to the founding family’s legacy. Notable institutional investors include FMR LLC (Fidelity), BlackRock, and Vanguard, reflecting the company's status as a stable, dividend-paying staple for institutional portfolios focused on the financial services sector.