8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 21, 2010

CVB FINANCIAL CORP.

(Exact name of registrant as specified in its charter)

California	0-10140	95-3629339
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

701 North Haven Avenue, Ontario, California	91764
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (909) 980-4030

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On July 21, 2010, CVB Financial Corp. issued a press release setting forth its second quarter ending June 30, 2010 earnings. A copy of this press release is attached hereto as Exhibit 99.1 and is being furnished pursuant to this Item 2.02.

On July 22, 2010, CVB Financial Corp. issued a supplemental press release to provide additional financial information. There was no change to the information released on July 21, 2010. A copy of this press release is attached hereto as Exhibit 99.2 and is being furnished pursuant to this Item 2.02.

Item 7.01 Regulation FD Disclosure

CVB Financial Corp. (the “Company”) is providing its slide presentation with information as of June 30, 2010. The slide presentation is furnished (not filed) as Exhibit 99.3 to this Current Report on Form 8-K pursuant to Regulation FD.

Item 8.01 Other Events

On July 27, 2010, the Company’s President and Chief Executive Officer, Christopher D. Myers, will discuss the slides furnished as Exhibit 99.3 at the KBW 11^th Annual Community Bank Investor Conference.

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Item 9.01 Financial Statement and Exhibits

(d) Exhibits

99.1	Press Release, dated July 21, 2010
99.2	Supplemental Press Release, dated July 22, 2010
99.3	Slide presentation of CVB Financial Corp. as of June 30, 2010 (furnished pursuant to Regulation FD)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CVB FINANCIAL CORP. (Registrant)
Date: July 22, 2010	By:	/s/ Edward J. Biebrich Jr.
		Edward J. Biebrich Jr.,
		Executive Vice President and Chief Financial Officer

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Exhibit Index

99.1	Press Release, dated July 21, 2010
99.2	Supplemental Press Release, dated July 22, 2010
99.3	Slide presentation of CVB Financial Corp. as of June 30, 2010 (furnished pursuant to Regulation FD)

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EX-99.1

Exhibit 99.1

Press Release
For Immediate Release

Contact: Christopher D. Myers
President and CEO
(909) 980-4030

CVB Financial Corp. Reports Record Second Quarter
Earnings for 2010

• Net income of $19.0 million for the second quarter of 2010

• Diluted earnings per common share $0.18

• Completed FDIC and Department of Financial Institutions Safety and Soundness Examination

• Sold $162.8 million in securities and achieved a gain of $8.8 million

• Prepaid $100 million of our $250 million in repurchase agreement debt and took a one-time charge of $5.7 million

• Allowance for credit losses increased to 3.38% of total CBB non-covered loans & leases

Ontario, CA, July 21, 2010-CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (“the Company”), announced record earnings for the second quarter of 2010.

CVB Financial Corp. reported net income of $19.0 million for the second quarter of 2010. This is the highest second quarter earnings in the history of the Company. This represents an increase of $3.1 million, or 19.88%, when compared with net income of $15.9 million for the second quarter of 2009. Diluted earnings per share were $0.18 for the second quarter of 2010. This was up $0.01, or 7.38%, from diluted earnings per share of $0.17 for the same period last year. Second quarter operating results include an $11.0 million provision for credit losses, an $8.8 million gain on sale of securities, and a $5.7 million charge for the prepayment of borrowings.

Net income for the second quarter of 2010 produced a return on beginning equity of 11.68%, a return on average equity of 11.44% and a return on average assets of 1.11%. The efficiency ratio, excluding the provision for credit losses, was 52.05% for the quarter. Operating expenses as a percentage of average assets were 2.42%.

Net income for the six months ending June 30, 2010 was $35.1 million. This represents an increase of $6.1 million, or 21.03%, when compared with net income of $29.0 million for the same period of 2009. Diluted earnings per share for the six months ending June 30, 2010 were $0.33, an increase of $0.03, or 9.90%, over diluted earnings per share of $0.30 for the same period last year. The operating results for the first six months of 2010 include a provision for credit losses of $23.2 million. Net income for the six months ending June 30, 2010 produced a return on beginning equity of 11.10%, a return on average equity of 10.77% and a return on average assets of 1.03%.

The operating results for the second quarter and first six months of 2010 were impacted by the accounting treatment of credit-related transactions from the San Joaquin Bank (“SJB”) loan portfolio as discussed below.

Interest income on loans for the second quarter of 2010 totaled $59.2 million, which includes a $4.5 million discount accretion on covered loans acquired from SJB. This amount represents the discount recognized from accelerated principal payments on SJB loans. It is recorded as a yield adjustment in interest income. Excluding the discount accretion, interest income on loans would have been $54.7 million for the second quarter of 2010. This represents an increase of $4.9 million when compared to interest income on loans of $49.8 million for the same period last year.

The yield adjustment to interest income of $4.5 million for the second quarter of 2010 was partially offset by a $1.6 million reduction in the FDIC loss sharing asset and a loss on sale of covered OREO of $1.1 million. Both the reduction in the FDIC loss sharing asset and the loss on sale of covered OREO appear as a reduction of other operating income.

Interest income on loans for the first six months of 2010 totaled $126.9 million, which includes a $17.9 million discount accretion on covered loans acquired from SJB. This amount represents the discount recognized from accelerated principal payments on SJB loans. It is recorded as a yield adjustment in interest income. Excluding the discount accretion, interest income on loans would have been $109.1 million for the first six months of 2010. This represents an increase of $9.8 million when compared to interest income on loans of $99.3 million for the same period last year.

The yield adjustment to interest income of $17.9 million for the first six months of 2010 was partially offset by a $12.2 million reduction in the FDIC loss sharing asset and a loss on sale of covered OREO of $1.1 million. Both the reduction in the FDIC loss sharing asset and the loss on sale of covered OREO appear as a reduction of other operating income.

Net Interest Income and Net Interest Margin

Net interest income, before the provision for credit losses, totaled $64.2 million for the three months ending June 30, 2010. Excluding the SJB yield adjustments; this was the highest quarterly net interest income in the history of the Company. Net interest income for the second quarter 2010 increased $10.1 million, or 18.71%, compared to the same period in 2009. This is attributed to a $4.5 million increase in interest income and a $5.6 million decrease in interest expense. The increase in interest income includes a $4.5 million yield adjustment to covered loans. The decrease in interest expense was primarily due to the decrease in average borrowed funds of $383.4 million.

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Excluding the impact of the yield adjustment to covered loans, net interest margin (tax equivalent) increased from 3.76% for the second quarter of 2009 to 3.99% for the second quarter of 2010. Total average earning asset yields decreased from 5.17% for the second quarter of 2009 to 5.01% for the second quarter of 2010. The cost of funds decreased from 1.98% for the second quarter of 2009 to 1.41% for the second quarter of 2010.

Net interest income, before the provision for credit losses, totaled $137.6 million for the six months ending June 30, 2010. This represents an increase of $28.2 million, or 25.75%, compared to the same period in 2009. The increase resulted from a $16.1 million increase in interest income and a $12.1 million decrease in interest expense. The increase in interest income includes a $17.9 million yield adjustment to covered loans. This was partially offset by decreases in interest income on investments due to a decrease in average investments. Conversely, our net interest income was augmented by a decrease in interest expense on borrowings due to a decrease in borrowed funds.

Excluding the impact of the yield adjustment to covered loans, net interest margin (tax equivalent) increased from 3.75% for the first six months of 2009 to 3.98% for the first six months of 2010. Total average earning asset yields decreased from 5.22% for the first six months of 2009 to 5.02% for the first six months of 2010. The cost of funds decreased from 2.03% for the first six months of 2009 to 1.46% for the first six months of 2010.

Assets

The Company reported total assets of $6.86 billion at June 30, 2010. This represents an increase of $120.6 million, or 1.79%, over total assets of $6.74 billion at December 31, 2009. Earning assets totaling $5.97 billion decreased $210.4 million, or 3.40%, when compared with earning assets of $6.18 billion at December 31, 2009. The decrease in earning assets was due to a decrease in both our loan and investment portfolios. Total loans and leases of $3.93 billion at June 30, 2010 decreased $149.7 million, or 3.67%, from $4.08 billion at December 31, 2009. We continue to see soft loan demand in our market areas as a result of the weaknesses in the state and local economies.

Investment Securities

Investment securities totaled $2.01 billion at June 30, 2010. This represents a decrease of $97.6 million, or 4.62%, when compared with $2.11 billion in investment securities at December 31, 2009. During the second quarter of 2010, we sold $162.8 million of investment securities and recognized a gain on sale of $8.8 million.

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Our investment portfolio continues to perform well. As of June 30, 2010 we had a net unrealized gain of $42.9 million. We have no preferred stock and no trust preferred securities. Virtually all of our mortgage-backed securities are issued by Freddie Mac or Fannie Mae, which have the guarantee of the U.S. Government. Our private-label mortgage-backed issues of approximately $26.0 million are fully performing. Our municipal securities, totaling $653.7 million, are located throughout the United States, with approximately $42.0 million, or 6.4%, located within the state of California. All municipal bond securities are also performing.

Deposits & Customer Repurchase Agreements

Total deposits and customer repurchase agreements were $5.20 billion at June 30, 2010. This represents an increase of $273.4 million, or 5.55%, when compared with total deposits and customer repurchase agreements of $4.92 billion at December 31, 2009. Our cost of total deposits and customer repurchase agreements was 0.47% for the three months ending June 30, 2010, compared to our cost of total deposits and customer repurchase agreements of 0.71% for the same period last year. Our cost of total deposits was 0.43% for the three months ending June 30, 2010.

Borrowings

At June 30, 2010, we had $805.9 million in borrowings. This represents a decrease of $199.7 million, or 19.86%, from borrowings of $1.01 billion at December 31, 2009 and a decrease of $408.1 million, or 33.62%, from borrowings of $1.21 billion at June 30, 2009. During the second quarter of 2010, we prepaid $100.0 million of a $250.0 million structured repurchase agreement with an interest rate of 4.95%. This transaction resulted in a $5.7 million prepayment charge recorded in other operating expense. As a result of the increase in deposits and customer repurchase agreements, we continue to reduce our reliance on borrowed funds.

Asset Quality

We completed our annual FDIC and Department of Financial Institutions Safety and Soundness Examination during May 2010.

We have separated the discussion of asset quality into two sections: non-covered loans and covered loans. The non-covered loans represent the legacy Citizens Business Bank loans and exclude all loans acquired in the SJB acquisition. The SJB loans are “covered” loans as defined in the loss sharing agreement with the FDIC. These loans have been marked to fair value and also have a guarantee by the FDIC. The allowance for credit losses as of June 30, 2010 pertains only to those loans made by Citizens Business Bank and not those acquired through the San Joaquin Bank transaction.

Citizens Business Bank Asset Quality (non-covered loans)

The allowance for credit losses increased from $108.9 million as of December 31, 2009 to $118.5 million as of June 30, 2010. The increase was primarily due to a provision for credit losses of $23.2 million during the first six months of 2010, offset by net loan charge-offs of $13.6 million. By comparison, for the first six months of 2009, the Company had a $42.0 million provision for credit losses and net charge-offs of $21.2 million. The allowance for credit losses was 3.38% and 2.07% of total loans and leases outstanding as of June 30, 2010 and 2009, respectively.

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We had $82.9 million in non-performing loans at June 30, 2010, or 2.36% of total non-covered loans. This compares to non-performing loans of $69.8 million at December 31, 2009. The non-performing loans consist of $2.8 million in residential construction and land loans, $39.1 million in commercial construction loans, $12.7 million in single-family mortgage loans, $20.7 million in commercial real estate loans, $7.5 million in commercial loans and $143,000 in consumer loans.

At June 30, 2010, we had $15.0 million in Other Real Estate Owned (“OREO”), down from $15.2 million at March 31, 2010 and an increase of $11.1 million from OREO of $3.9 million at December 31, 2009. At December 31, 2009, we had two OREO properties. During the first six months of 2010, we added five properties for a total of $12.6 million to OREO. We sold three properties with an OREO value of $1.5 million for cash proceeds of $1.7 million. We now have four OREO properties.

At June 30, 2010, we had loans delinquent 30 to 89 days of $14.4 million. This compares to delinquent loans of $17.9 million at March 31, 2010 and $10.5 million at December 31, 2009. As a percentage of total loans, delinquencies, excluding non-accruals, were 0.41% at June 30, 2010, 0.51% at March 31, 2010 and 0.29% at December 31, 2009.

San Joaquin Bank Asset Quality (covered loans)

At June 30, 2010 we had $583.8 million in gross loans from SJB with a carrying value of $424.4 million. Of the gross loans, we have $191.1 million in loans delinquent greater than 30 days. These loans represent 32.73% of gross covered loans. We have four properties in OREO totaling $5.1 million.

CitizensTrust

CitizensTrust has approximately $2.0 billion in assets under administration, including $1.1 billion in assets under management, as of June 30, 2010. This compares with $1.9 billion in assets under administration, including $1.0 billion in assets under management, at December 31, 2009. CitizensTrust provides trust, investment and brokerage related services, as well as financial, estate and business succession planning.

Corporate Overview

CVB Financial Corp. is the holding company for Citizens Business Bank, a financial services company based in Ontario, California. Citizens Business Bank serves 42 cities with 44 business financial centers and 6 commercial banking centers in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California.

Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol of CVBF. For investor information on CVB Financial Corp., visit our Citizens Business Bank website at www.cbbank.com and click on the CVB Investor tab.

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Safe Harbor

Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plan and expectations regarding future operating results. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, local, regional, national and international economic conditions and events and the impact they may have on us and our customers; ability to attract deposits and other sources of liquidity; oversupply of inventory and continued deterioration in values of California real estate, both residential and commercial; a prolonged slowdown in construction activity; changes in the financial performance and/or condition of our borrowers; changes in the level of non-performing assets and charge-offs; ability to repurchase our securities issued to the U.S. Treasury pursuant to its Capital Purchase Program; the effect of changes in laws and regulations (including laws and regulations concerning taxes, banking, securities, executive compensation and insurance) with which we and our subsidiaries must comply; changes in estimates of future reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; inflation, interest rate, securities market and monetary fluctuations; political instability; acts of war or terrorism, or natural disasters, such as earthquakes, or the effects of pandemic flu; the timely development and acceptance of new banking products and services and perceived overall value of these products and services by users; changes in consumer spending, borrowing and savings habits; technological changes; the ability to increase market share and control expenses; changes in the competitive environment among financial and bank holding companies and other financial service providers; continued volatility in the credit and equity markets and its effect on the general economy; the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters; changes in our organization, management, compensation and benefit plans; the costs and effects of legal and regulatory developments including the resolution of legal proceedings or regulatory or other governmental inquiries and the results of regulatory examinations or reviews; our success at managing the risks involved in the foregoing items and other factors set forth in the Company’s public reports including its Annual Report on Form 10-K for the year ended December 31, 2009, and particularly the discussion of risk factors within that document. The Company does not undertake, and specifically disclaims any obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law.

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CVB FINANCIAL CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(unaudited)
dollars in thousands

	June 30,						December 31,
	2010			2009			2009
Assets:
Cash and due from banks	$	451,236		$	221,242		$	103,254
Investment Securities available-for-sale		2,011,492			2,271,393			2,108,463
Investment Securities held-to-maturity		3,173			6,347			3,838
Federal funds sold and Interest-bearing balances due from depository institutions		50,274			1,785			1,226
Investment in stock of Federal Home Loan Bank (FHLB)		93,962			93,240			97,582
Loans held-for-sale		2,554			—			1,439
Loans and lease finance receivables		3,929,321			3,614,756			4,079,013
Less allowance for credit losses		(118,548	)		(74,755	)		(108,924	)
Net loans and lease finance receivables		3,810,773			3,540,001			3,970,089
Total earning assets		5,972,228			5,912,766			6,182,637
Premises and equipment, net		42,585			42,838			41,444
Intangibles		10,872			9,497			12,761
Goodwill		55,097			55,097			55,097
Cash value of life insurance		111,385			108,045			109,480
FDIC loss sharing asset		111,992			—			133,258
Other assets		105,001			65,412			101,838
TOTAL	$	6,860,396		$	6,414,897		$	6,739,769
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Demand Deposits (noninterest-bearing)	$	1,646,717		$	1,420,535		$	1,561,981
Investment Checking		448,566			410,107			469,413
Savings/MMDA		1,307,003			923,658			1,213,002
Time Deposits		1,199,204			1,228,920			1,194,258
Total Deposits		4,601,490			3,983,220			4,438,654
Demand Note to U.S. Treasury		2,611			8,995			2,425
Customer Repurchase Agreements		595,661			426,111			485,132
Repurchase Agreements		150,000			250,000			250,000
Borrowings		653,254			955,000			753,118
Junior Subordinated Debentures		115,055			115,055			115,055
Other liabilities		68,341			53,140			57,157
Total Liabilities		6,186,412			5,791,521			6,101,541
Stockholders’ equity:
Stockholders’ equity		631,063			598,902			611,838
Accumulated other comprehensive income (loss), net of tax		42,921			24,474			26,390
		673,984			623,376			638,228
TOTAL	$	6,860,396		$	6,414,897		$	6,739,769

CVB FINANCIAL CORP. AND SUBSIDIARIES
CONSOLIDATED AVERAGE BALANCE SHEET
(unaudited)
dollars in thousands

	Three months ended June 30,						Six months ended June 30,
	2010			2009			2010			2009
Assets:
Cash and due from banks	$	412,607		$	101,092		$	338,847		$	98,232
Investment securities available-for-sale		2,022,697			2,299,700			2,059,585			2,397,601
Investment securities held-to-maturity		3,303			6,432			3,480			6,561
Federal funds sold and Interest-bearing balances due from depository institutions		50,222			61,283			26,009			30,953
Investment in stock of Federal Home Loan Bank (FHLB)		95,792			93,240			96,682			93,240
Loans held-for-sale		1,055			—			1,596			—
Loans and lease finance receivables		3,937,448			3,654,189			3,974,467			3,667,152
Less allowance for credit losses		(117,368	)		(75,390	)		(115,960	)		(67,898	)
Net loans and lease finance receivables		3,820,080			3,578,799			3,858,507			3,599,254
Total earning assets		5,993,149			6,039,454			6,045,859			6,127,609
Premises and equipment, net		41,907			43,778			41,671			44,158
Intangibles		11,285			9,782			11,758			10,149
Goodwill		55,097			55,097			55,097			55,097
Cash value of life insurance		110,877			107,612			110,332			107,163
FDIC loss sharing asset		117,467			—			125,261			—
Other assets		123,816			84,947			123,220			82,604
TOTAL	$	6,866,205		$	6,441,762		$	6,852,045		$	6,525,012
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Noninterest-bearing	$	1,621,507		$	1,375,054		$	1,598,199		$	1,358,732
Interest-bearing		2,922,559			2,506,064			2,913,978			2,384,135
Total Deposits		4,544,066			3,881,118			4,512,177			3,742,867
Other borrowings		1,485,896			1,723,364			1,513,045			1,965,178
Junior Subordinated Debentures		115,055			115,055			115,055			115,055
Other liabilities		54,589			85,547			53,874			71,677
Total Liabilities		6,199,606			5,805,084			6,194,151			5,894,777
Stockholders’ equity:
Stockholders’ equity		633,367			601,788			628,027			598,373
Accumulated other comprehensive income (loss), net of tax		33,232			34,890			29,867			31,862
		666,599			636,678			657,894			630,235
TOTAL	$	6,866,205		$	6,441,762		$	6,852,045		$	6,525,012

CVB FINANCIAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
(unaudited)
dollar amounts in thousands, except per share

	For the Three Months					For the Six Months
	Ended June 30,					Ended June 30,
	2010			2009		2010			2009
Interest Income:
Loans held-for-sale	$	15		$	—	$	33		$	—
Loans and leases, including fees		59,157			49,771		126,907			99,296
Investment securities:
Taxable		14,391			19,134		30,475			41,570
Tax-advantaged		6,409			6,815		12,941			13,811
Total investment income		20,800			25,949		43,416			55,381
Dividends from FHLB Stock		63			—		129			—
Federal funds sold & Interest-bearing CDs with other institutions		238			55		340			59
Total interest income		80,273			75,775		170,825			154,736
Interest Expense:
Deposits		4,841			6,439		10,129			13,029
Borrowings and junior subordinated debentures		11,218			15,241		23,143			32,321
Total interest expense		16,059			21,680		33,272			45,350
Net interest income before provision for credit losses		64,214			54,095		137,553			109,386
Provision for credit losses		11,000			20,000		23,200			42,000
Net interest income after provision for credit losses		53,214			34,095		114,353			67,386
Other Operating Income:
Impairment loss on investment securities		—			—		(98	)		—
Plus: Portion of loss reclassified from other comprehensive income		—			—		(587	)		—
Net impairment loss on investment securities recognized in earnings		—			—		(685	)		—
Service charges on deposit accounts		4,196			3,643		8,461			7,360
Trust and investment services		2,209			1,604		4,327			3,265
Gain on sale of investment securities		8,781			12,619		8,781			21,548
Reduction in FDIC loss sharing asset		(1,587	)		—		(12,170	)		—
Other		1,819			1,843		4,493			3,893
Total other operating income		15,418			19,709		13,207			36,066
Other operating expenses:
Salaries and employee benefits		17,479			15,376		35,552			31,196
Occupancy		2,947			2,686		6,081			5,538
Equipment		1,835			1,735		3,754			3,332
Professional services		2,881			1,658		5,688			3,352
Amortization of intangible assets		939			734		1,889			1,523
Provision for unfunded commitments		450			450		1,700			1,350
OREO Expense		654			143		667			1,174
Other		14,262			10,197		22,038			16,911
Total other operating expenses		41,447			32,979		77,369			64,376
Earnings before income taxes		27,185			20,825		50,191			39,076
Income taxes		8,170			4,964		15,057			10,048
Net earnings	$	19,015		$	15,861	$	35,134		$	29,028
Basic earnings per common share	$	0.18		$	0.17	$	0.33		$	0.30
Diluted earnings per common share	$	0.18		$	0.17	$	0.33		$	0.30
Cash dividends per common share	$	0.085		$	0.085	$	0.170		$	0.170

CVB FINANCIAL CORP. AND SUBSIDIARIES
SELECTED FINANCIAL HIGHLIGHTS
(unaudited)

	Three months ended June 30,						Six months ended June 30,
	2010			2009			2010			2009
Interest income — (Tax-Effected) (te)	$	82,915		$	78,559		$	176,150		$	160,367
Interest Expense		16,059			21,680			33,272			45,350
Net Interest income — (te)	$	66,856		$	56,879		$	142,878		$	115,017
Return on average assets		1.11	%		0.99	%		1.03	%		0.90	%
Return on average equity		11.44	%		9.99	%		10.77	%		9.29	%
Efficiency ratio		60.39	%		61.29	%		60.65	%		62.23	%
Net interest margin (te) excluding discount		3.99	%		3.76	%		3.98	%		3.75	%
Weighted average shares outstanding
Basic		105,988,971			83,222,011			105,961,239			83,198,635
Diluted		106,272,867			83,290,941			106,231,807			83,299,071
Dividends declared	$	9,041		$	7,079		$	18,076		$	14,162
Dividend payout ratio		47.55	%		44.63	%		51.45	%		48.79	%
Number of shares outstanding-EOP		106,435,754			83,326,511
Book value per share	$	6.33		$	6.00

	June 30,
	2010			2009
(Non-covered loans)
Non-performing Assets (dollar amount in thousands):
Non-accrual loans	$	82,850		$	51,265
Loans past due 90 days or more and still accruing interest		—			—
Other real estate owned (OREO), net		15,001			4,035
Total non-performing assets	$	97,851		$	55,300
Percentage of non-performing assets to total loans outstanding and OREO		2.78	%		1.53	%
Percentage of non-performing assets to total assets		1.43	%		0.86	%
Allowance for loan losses to non-performing assets		121.15	%		135.18	%
Net Charge-off to Average loans		0.38	%		0.58	%
Allowance for Credit Losses:
Beginning Balance	$	108,924		$	53,960
Total Loans Charged-Off		(13,771	)		(21,850	)
Total Loans Recovered		195			645
Net Loans Charged-off		(13,576	)		(21,205	)
Provision Charged to Operating Expense		23,200			42,000
Allowance for Credit Losses at End of period	$	118,548		$	74,755

CVB FINANCIAL CORP. AND SUBSIDIARIES
SELECTED FINANCIAL HIGHLIGHTS
(in thousands, except per share data)
(unaudited)

Quarterly Common Stock Price

	2010				2009				2008
Quarter End	High		Low		High		Low		High		Low
March 31,	$	10.89	$	8.44	$	12.11	$	5.31	$	11.45	$	8.40
June 30,	$	11.85	$	9.00	$	7.77	$	5.69	$	12.62	$	9.18
September 30,					$	8.70	$	4.90	$	20.00	$	7.12
December 31,					$	9.00	$	6.93	$	14.75	$	8.58

Quarterly Consolidated Statements of Earnings

	2Q		1Q			4Q		3Q		2Q
	2010		2010			2009		2009		2009
Interest income
Loans, including fees	$	59,172	$	67,768		$	56,222	$	50,561	$	49,771
Investment securities and federal funds sold		21,101		22,784			23,881		25,358		26,004
		80,273		90,552			80,103		75,919		75,775
Interest expense
Deposits		4,841		5,288			5,993		5,934		6,439
Other borrowings		11,218		11,925			16,039		15,179		15,241
		16,059		17,213			22,032		21,113		21,680
Net interest income before provision for credit losses		64,214		73,339			58,071		54,806		54,095
Provision for credit losses		11,000		12,200			25,500		13,000		20,000
Net interest income after provision for credit losses		53,214		61,139			32,571		41,806		34,095
Non-interest income		15,418		(2,211	)		29,903		15,102		19,709
Non-interest expenses		41,447		35,922			39,365		29,845		32,979
Earnings before income taxes		27,185		23,006			23,109		27,063		20,825
Income taxes		8,170		6,887			6,041		7,741		4,964
Net earnings	$	19,015	$	16,119		$	17,068	$	19,322	$	15,861
Basic earning per common share	$	0.18	$	0.15		$	0.16	$	0.10	$	0.17
Diluted earnings per common share	$	0.18	$	0.15		$	0.16	$	0.10	$	0.17
Cash dividends per common share	$	0.085	$	0.085		$	0.085	$	0.085	$	0.085
Dividends Declared	$	9,041	$	9,035		$	9,054	$	9,012	$	7,079

CVB FINANCIAL CORP. AND SUBSIDIARIES
SELECTED FINANCIAL HIGHLIGHTS
(in thousands)
(unaudited)

Distribution of Loan Portfolio

	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009
Commercial and Industrial	$	513,483		$	471,071		$	475,517		$	385,274		$	372,162
Real Estate:
Construction		305,724			351,567			401,509			295,315			303,629
Commercial Real Estate		2,321,257			2,318,905			2,346,784			1,959,725			1,964,258
SFR Mortgage		254,499			261,676			283,053			290,831			306,225
Consumer		73,342			74,308			78,759			67,317			67,947
Municipal lease finance receivables		154,042			156,392			160,565			162,962			165,527
Auto and equipment leases		23,754			27,546			30,337			34,072			37,242
Dairy and Livestock		448,448			458,057			493,451			411,574			405,427
Gross Loans		4,094,549			4,119,522			4,269,975			3,607,070			3,622,417
Less:
Purchase Accounting Discount		(159,393	)		(163,842	)		(184,419	)
Deferred net loan fees		(5,835	)		(6,030	)		(6,543	)		(6,983	)		(7,661	)
Allowance for credit losses		(118,548	)		(112,321	)		(108,924	)		(87,316	)		(74,755	)
Net Loans	$	3,810,773		$	3,837,329		$	3,970,089		$	3,512,771		$	3,540,001

CVB FINANCIAL CORP. AND SUBSIDIARIES
SELECTED FINANCIAL HIGHLIGHTS
(in thousands)
(unaudited)

Non-Performing Assets & Delinquency Trends
(Non-Covered Loans)

	June 30,			March 31,			December 31,			September 30,			June 30,
	2010			2010			2009			2009			2009
Non-Performing Loans
Residential Construction and Land	$	2,789		$	2,855		$	13,843		$	15,729		$	17,348
Commercial Construction		39,114			31,216			23,832			19,636			21,270
Residential Mortgage		12,638			13,726			11,787			8,102			4,632
Commercial Real Estate		20,639			22,041			17,129			13,522			7,041
Commercial and Industrial		7,527			6,879			3,173			1,045			859
Consumer		143			123			15			100			115
Total	$	82,850		$	76,840		$	69,779		$	58,134		$	51,265
% of Total Loans		2.36	%		2.19	%		1.93	%		1.61	%		1.42	%
Past Due 30-89 Days
Residential Construction and Land	$	—		$	—		$	—		$	—		$	—
Commercial Construction		9,093			8,143			—			—			—
Residential Mortgage		2,552			3,746			4,921			1,510			2,069
Commercial Real Estate		1,966			3,286			2,407			190			1,074
Commercial and Industrial		634			2,714			2,973			5,094			590
Dairy & Livestock		—			—			—			—			3,551
Consumer		139			28			239			87			8
Total	$	14,384		$	17,917		$	10,540		$	6,881		$	7,292
% of Total Loans		0.41	%		0.51	%		0.29	%		0.19	%		0.20	%
OREO
Residential Construction and Land	$	11,113		$	11,113		$	—		$	1,137		$	1,789
Commercial Construction		—			—			—			—			—
Commercial Real Estate		3,220			3,746			3,936			—			1,187
Commercial and Industrial		668			—			—			—			893
Residential Mortgage		—			319			—			—			—
Consumer		—			—			—			—			166
Total	$	15,001		$	15,178		$	3,936		$	1,137		$	4,035
Total Non-Performing, Past Due & OREO	$	112,235		$	109,935		$	84,255		$	66,152		$	62,592
% of Total Loans		3.20	%		3.13	%		2.33	%		1.84	%		1.73	%
Total Loans		3,504,944			3,511,112			3,614,916			3,600,087			3,614,756

Net interest income and net interest margin reconciliations (Non-GAAP)

We use certain non-GAAP financial measures to provide supplemental information regarding our performance. The second quarter of 2010 net interest income and net interest margin include a yield adjustment of $4.5 million from discount accretion on covered loans. The adjustment for the first six months of 2010 was $17.9 million. We believe that presenting the net interest income and net interest margin excluding the yield adjustment provides additional clarity to the users of financial statements regarding core net interest income and net interest margin.

	Three months ended								Six months ended
	June 30, 2010								June 30, 2010
	(amounts in thousands)
	Average								Average
	Volume		Interest			Yield			Volume		Interest			Yield
Total interest-earning assets	$	6,110,517	$	80,273			5.44	%	$	6,161,819	$	170,825			5.75	%
Less:
Yield adjustment to interest income from discount accretion		163,854		(4,472	)					176,264		(17,852	)
Total interest-earning assets, excluding SJB loan discount and yield adjustment	$	6,274,371	$	75,801			5.01	%	$	6,338,083	$	152,973			5.02	%
Net interest income and net interest margin			$	64,214			4.39	%			$	137,553			4.67	%
Less:
Yield adjustment to interset income from discount accretion				(4,472	)							(17,852	)
Net interest income and net interest margin, excluding yield adjustment			$	59,742			3.99	%			$	119,701			3.98	%

EX-99.2

Exhibit 99.2

Press Release

For Immediate Release

Contact: Christopher D. Myers
President and CEO
(909) 980-4030

Supplemental Press Release

Ontario, CA, July 22, 2010-The Company is releasing additional financial information to supplement our earnings release of July 21, 2010. This supplemental information is to disclose the amounts of Troubled Debt Restructuring (“TDR”) for the periods listed below. This information does not change any of the information released on July 21, 2010.

	June 30,		March 31,		December 31,
	2010		2010		2009
	(amounts in thousands)
Restructured Loans (Performing)	$	3,610	$	9,477	$	2,500
Restructured Loans (Non-Performing)*		20,585		14,430		1,017
	$	24,195	$	23,907	$	3,517

* The non-peforming TDR’s listed above are included in the non-performing loans as reported in our July 21, 2010 earnings release.

EX-99.3

Exhibit 99.3

CVB FINANCIAL CORP. 1 Chris Myers

Safe Harbor Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company's current business plan and expectations regarding future operating results. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, local, regional, national and international economic conditions and events and the impact they may have on us and our customers; ability to attract deposits and other sources of liquidity; oversupply of inventory and continued deterioration in values of California real estate, both residential and commercial; a prolonged slowdown in construction activity; changes in the financial performance and/or condition of our borrowers; changes in the level of non- performing assets and charge-offs; ability to repurchase our securities issued to the U.S. Treasury pursuant to its Capital Purchase Program; the effect of changes in laws and regulations (including laws and regulations concerning taxes, banking, securities, executive compensation and insurance) with which we and our subsidiaries must comply; changes in estimates of future reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; inflation, interest rate, securities market and monetary fluctuations; political instability; acts of war or terrorism, or natural disasters, such as earthquakes, or the effects of pandemic flu; the timely development and acceptance of new banking products and services and perceived overall value of these products and services by users; changes in consumer spending, borrowing and savings habits; technological changes; the ability to increase market share and control expenses; changes in the competitive environment among financial and bank holding companies and other financial service providers; continued volatility in the credit and equity markets and its effect on the general economy; the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters; changes in our organization, management, compensation and benefit plans; the costs and effects of legal and regulatory developments including the resolution of legal proceedings or regulatory or other governmental inquiries and the results of regulatory examinations or reviews; our success at managing the risks involved in the foregoing items and other factors set forth in the Company's public reports including its Annual Report on Form 10-K for the year ended December 31, 2009, and particularly the discussion of risk factors within that document. The Company does not undertake, and specifically disclaims any obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law. 2

3 Total Assets: $6.9 Billion Gross Loans: $3.9 Billion Total Deposits (Including Repos): $5.2 Billion Tang. Common Equity: $608 Million Market Capitalization: $1.0 Billion Source: Q2 2010 earnings release & company filings; Texas Ratio = (NPA's + 90 days delinquent) / (Reserves + Tang. Common Equity) *non-covered loans Operating Highlights Financial Highlights 6/30/10 Largest financial institution headquartered in the Inland Empire region of Southern California. Formed in 1974. Serves 42 cities with 44 business financial centers and 6 commercial banking centers throughout the Inland Empire, LA County, Orange County and the Central Valley of California Average Cost of Deposits = 0.43% Strong credit culture and underwriting integrity remain paramount at CVB NPA's / Loans & OREO*: 2.78% LLR / NPL's: 143% Texas Ratio: 13.5% CVBF Current Snapshot

4 Significant equity ownership among executive management and board of directors Total Board: 16.0%, Total Board plus 'retired' directors: 24.1% Edward J. Biebrich Jr. Executive Vice President 28 Years 12 Years Chief Financial Officer Todd E. Hollander Executive Vice President 19 Years 2 Years Sales Division Christopher D. Myers President 25 Years 4 Years Chief Executive Officer Yamynn De Angelis Executive Vice President 31 Years 23 Years Chief Risk Officer Chris A. Walters Executive Vice President 23 Years 3 Years CitizensTrust Banking CVBF Name Position Experience Service James F. Dowd Executive Vice President 33 Years 2 Years Chief Credit Officer David Harvey Executive Vice President 20 Years New Chief Operations Officer Experienced Leadership

2nd Quarter Update Completed FDIC and Department of Financial Institutions Safety and Soundness Examination Sold $162.8 million in securities and achieved a gain of $8.8 million Prepaid $100 million of our JP Morgan Repurchase Agreement (cost of debt = 4.95%); one-time charge of $5.7 million Record earnings for the second fiscal quarter: $19.0 million 5

Who is CVB Financial? 6

Largest Banks Headquartered in California Headquartered in California Headquartered in California 7 In millions

Forbes 2010 America's Best Banks ($5 Billion ) 8 Rank Company Total Assets ($BIL) NPLS/ Loans % Reserves/NPLS% Tier 1 Ratio% 1 Bank of Hawaii 12 1.2 209 13.4 2 UMB Financial 10 .07 210 13.5 3 Commerce Bancshares 18 1.6 114 12.8 4 Prosperity Bancshares 9 0.3 537 11.9 5 SVB Financial 13 1.6 120 14.6 6 CVB Financial 7 1.6 150 15.3 7 Community Bank System 5 0.5 249 12.1 8 Central Bancompany 9 1.7 110 13.1 9 NBT Bancorp 5 1.1 165 11.2 10 International Bancshares 12 2.2 71 17.2

Bank Ratings & Awards ABA Banking Journal (2010) Ranked #20 in the Nation Bank Director Magazine (2010) Ranked #9 in the Nation...profitability, capital adequacy & asset quality Forbes Magazine (2010) Ranked #6 in the Nation BauerFinancial Report (2009) '5' Star Rating The Findley Report 19 Years - Super Premier Performing Bank 11 Years - Premier Performing Bank Fitch Rating BBB+ (September 2009) 9

What are our Markets? 10

Existing Locations 11 Commercial Banking Centers Business Financial Centers New Business Financial Centers (SJB) 44 Business Financial Centers 6 Commercial Banking Centers

Deposits* Deposits* 12 *Includes Customer Repurchase Agreements

Deposit Franchise Total Deposits Including Repos: $5.2 Billion As of 6/30/2010 13 Source: Q2 2010 earnings release & company filings; core deposits defined as total deposits less jumbo CD's, total deposits does include customer repos The average cost of deposits stands at .43%. This low cost of deposits has helped the Bank expand its net interest margin to 3.99%, compared to 3.80% for 12/31/2009 and 3.62% for 12/31/2008 Strong relationship based deposit franchise, 79% of deposits are considered "core" Savings and demand deposits are showing a positive trend line, up 42% and 16% respectively, 6/30/2009 to 6/30/2010 Customer Repurchase Agreements or "Citizens Sweep Manager" totaled $595.7 Million as of 6/30/2010. Average cost 0.83% (CHART) Demand Deposits - 31.7% (w/o Repos - 35.8%) NOW, ATS and Other Transaction Accounts - 8.6% CDs < 100k - 2.0% MMA & Other Savings - 25.1% CDs > 100k - 21.1% Customer Repurchase Agreements - 11.5%

14 Source: Q2 2010 earnings release & other company filings, SNL Financial-peers represent select public CA , HI, NV, OR & WA banks with assets $2 - $22 billion Peer data as of 3/31/2010 Deposit Comparisons Cost of Deposits (%) Core Deposits (000's) CVBF has historically enjoyed significantly lower deposit costs than its peers Core deposits have been increasing throughout this difficult credit cycle, showing customers' confidence in CVBF and its ability to thrive in the future (CHART) (CHART)

Loans Loans 15 *Prior to MTM discount

Total Non-Covered Loans Total Non-Covered Loans 16 (000's)

17 Geographic diversification, a focus on relationship banking, and a strong credit culture have allowed CVB to mitigate loan losses through this economic downturn CVB has a strong CRE banking team, lending to projects involving apartment buildings, commercial office space and industrial centers Profitable niche in dairy finance lending, currently 11% of total loans 100% of SFR portfolio is owner occupied Source: Q2 2010 earnings release & company reports | *Non-covered loans Loan Portfolio Composition* Total Loans by Type (CHART) Commercial RE - 57.1% Consumer 1.8% SFR Mortgage 7.0% Municipal Lease Finance Receivables - 4.3% Auto & Equipment 0.7% Dairy & Livestock 10.8% Commercial & Industrial - 13.0% Construction RE - 5.3%

(CHART) (CHART) 18 As of 6/30/2010 CRE loans totaled $2.0 billion, while construction stood at $185.2 million, or 5.3% of total loans. Construction loans totaled $265.4 million at 12/31/09 Of the CRE loans on the balance sheet, 36.3% are owner-occupied $20.6 million of the construction portfolio is related to residential construction, while the remaining $164.6 million is allocated to commercial construction CVBF's land development exposure is limited, which has helped the Bank avoid material losses in that struggling asset class. Approximately 20% of the construction portfolio is related to commercial / residential land development Source: Q2 2010 earnings release & company reports Orange County Other Areas Los Angeles Inland Empire Central Valley Orange County San Diego Other Areas Los Angeles Inland Empire Central Valley CRE & Construction Lending* CRE Portfolio by Region $2.0 Billion Construction Portfolio by Region $185.2 Million *Non-Covered Loans

(CHART) 19 As of 6/30/2010 real estate loans totaled $2.25 billion, with the largest allocation going to industrial real estate at $645 million, or 28.6% of RE loans The weighted average owner occupied level for the RE portfolio is approximately 43% CVBF's single family residential portfolio is 100% owner occupied Single family mortgage pools were purchased to diversify the Bank's portfolio as it makes few single family loans; original target metrics - FICO's in the 700-800 range with LTV's in the 60% - 80% range. No sub-prime lending Source: Q2 2010 earnings release & company report s *Non-covered loans Single Family Direct 2.5% Single Family Mortgage Pools 8.5% Multifamily 5.4% Industrial 28.6% Office 16.9% Retail 11.7% Medical 6.4% Secured by Farmland 7.1% Other 12.9% Real Estate Loan Exposure Real Estate Loans by Type % Owner-Occupied Single Family - Direct 100% Single Family - Mortgage Pools 100% Multifamily 0% Industrial 36.9% Office 24.8% Retail 12.9% Medical 38.4% Farmland 100% Other 50.3% Total Owner Occupied 43.3%

(CHART) As of 6/30/2010 non-performing assets totaled $98 million, of which $82.9 million and $15.0 million were from non-performing loans and OREO, respectively On a peer comparison basis, CVBF's credit metrics are superior NPA's / Loans & OREO: 2.78% vs. 6.41% for peers (peers as of 3/31/10) LLR / NPL's: 143.1% vs. 77.3% for peers (peers as of 3/31/10) NCO's / Avg. Loans: 0.38% vs. 3.05% for peers (peers as of 3/31/10) As of 6/30/2010 over 30 days past due loans totaled 0.41% 20 C&I 7.7% CRE 21.1% SFR Mortgage 12.9% RE Construction Commercial 40.0% RE Construction & Land Residential 2.9% Non-Performing Assets* *Non-Covered Loans Source: Q2 2010 earnings release & other company filings, SNL Financial-peers represent select public CA , HI, NV, OR & WA banks with assets $2 - $22 billion OREO 15.3% Consumer 0.1%

21 CVBF's strong loan underwriting culture has limited its exposure to problem credits Continued profitability has allowed CVB to build its capital base and reserves for loan losses. Superior Credit Quality Texas Ratio NPA's/Loans & OREO (CHART) (CHART) Source: Q2 2010 earnings release & other company filings, SNL Financial-peers represent select public CA , HI, NV, OR & WA banks with assets $2 - $22 billion . Peer data as of 3/31/10

Loan Loss Reserves to Non-Performing Loans* 22 (CHART) *Non-covered Loans

Profits 23

(CHART) Net Income 24 (000's) Net Income After Taxes

Adjusted Net Income After Tax (Excluding L/L Provision & Non-Recurring Items*) (Excluding L/L Provision & Non-Recurring Items*) (Excluding L/L Provision & Non-Recurring Items*) 25 *Gains (Loss) on Securities, FHLB Prepay Fees, Gain on SJB, Provision For Unfunded Commitments & Provision for Loan Losses (000's)

Net Interest Income Net Interest Income 26 (000's)

Net Interest Margin Net Interest Margin 27 *Normalized excludes accelerated accretion on covered loans

28 Peer Profitability Metrics Return on Average Assets Return on Average Tangible Equity Net Interest Margin (CHART) (CHART) (CHART) Source: Q2 2010 earnings release & other company filings, SNL Financial-peers represent select public CA , HI, NV, OR & WA banks with assets $2 - $22 billion. Peer data as of 3/31/10

Capital 29

(CHART) 30 Source: Q2 2010 earnings release & other company filings, SNL Financial-peers represent select public CA , HI, NV, OR & WA banks with assets $2 - $22 billion Peer data as of 3/31/2010 Peer Capital Metrics Tier 1 Capital Ratio Total Risk - Based Capital Ratio Tangible Common Equity/Tangible Assets (CHART) (CHART)

Securities/Investments 31

(CHART) 32 Source: Q2 2010 earnings release. As of 6/30/2010 securities held-to-maturity were valued at approximately $3.2 million Yield on securities represents the fully taxable equivalent Securities Available For Sale Securities portfolio totaled $2.0 billion at 6/30/2010. During 2010, the Bank sold securities and recognized a gain on sale of $8.8 million. The portfolio represents 33.7% of the Bank's total earning assets Virtually all of the Bank's mortgage-backed securities were issued by Freddie Mac or Fannie Mae which have the guarantee of the U.S. government. 96% of the Bank's municipal portfolio contains securities which have an underlying rating of investment grade. California municipals represent only 6.4% of the municipal bond portfolio Government Agency & GSEs 10.9% MBS 28.6% CMO's / REMIC's 27.9% Municipal Bonds 32.5% Yield on securities portfolio: 4.63% Securities Portfolio Other 0.1%

Investment Portfolio: $2.0 Billion - --Mark to Market- (Pre-Tax) (CHART) (000's)

Our Growth Strategy Transitioning from a Community Bank to a Regional Bank 34

Citizens Business Bank: Our 10 Year Vision Citizens Business Bank will strive to become the dominant financial services company operating throughout the state of California, servicing the comprehensive financial needs of successful small to medium sized businesses and their owners. 35

Target Customer 36 The best privately-held and/or family-owned businesses throughout California Annual revenues of $1-200 million Top 25% in their respective industry Full relationship banking Build 20-year relationships

Three Areas of Growth 37 (CHART) Acquisitions - --Banks-- - --Trust--

"Same Store Sales" 38 38 Relationship Manager (Bank) Property Management Real Estate Banking International Treasury Services Specialty Banking Construction Lending CitizensTrust Bankcard SBA Citizens Home Loans Mortgage Brokerage Title Escrow Marketing Citizens Financial Services Government Services Deposit Services Wealth Management Trust Financial Consultants Healthcare Services Professional Services Not for Profit Quarterback Strategy "Our Offense" Customer Credit Management Division Dairy & Livestock Agribusiness

"DeNovo" - --Team Acquisitions-- - --Team Acquisitions-- - --Team Acquisitions-- 39 As of 6/30/10

Bank Name Date Acquired Geographic Market # of Locations Total Assets (6/30/10) First Coastal Bank June 2007 South Bay 4 /3 $133,692 San Joaquin Bank October 2009 Kern County 5/4 $441,981 (000's) Total: $575,673 2007-2009 Bank Acquisitions * *Net of MTM Discount

CVBF Deposit Growth 41 41

CVBF Balance Sheet 42 (in millions) 12/31/06 6/30/10 Total Assets $6,092 $6,860 Total Depositsincludes REPO's $3,501 $5,197 Total Loans* $3,070 $3,932 Securities $2,583 $2,015 Borrowings $2,045 $803 Loan Loss Reserves/Loans .90% 3.38% Tangible Capital Ratio 5.8% 9.0% Tier 1 Leverage Ratio 7.8% 10.0% Total Risk Based Capital 13.0% 17.0% *Covered and Non-Covered Loans are net of differed fees and MTM discount

Our Strategic Focus 43 Capital and strong Loan Loss Reserves are paramount Strong, disciplined credit underwriting/credit culture Drive low-cost deposits Multiple forms of growth (don't depend on one) Same Store Sales DeNovo Acquisitions Cross-sell: capture the whole wallet Build new Fee Income opportunities Long-term outlook

THANK YOU! COPY OF PRESENTATION: JCSCHAAP@CBBANK.COM 44