Citizens Business Bank
TypePublic
IndustryBanking
Founded1970 (1970)
HeadquartersOntario, California, U.S.
ProductsFinancial services
Websitewww.cbbank.com
Citizens Business Bank (CVBF) Stock Price

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.

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. 12 April 2021. 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. 7 February 2019. Retrieved 2021-04-21.
  10. ↑ De La Cruz, Rene Ray. "Citizens Business Bank Arena renamed Toyota Arena". vvdailypress.com. Retrieved 2021-04-21.
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