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): February 4, 2013
CVB FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
California | 0-10140 | 95-3629339 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission file number) |
(I.R.S. employer identification number) |
701 North Haven Avenue, Ontario, California | 91764 | |
(Address of principal executive offices) | (Zip Code) |
Registrants 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 (See General Instruction A.2.):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure.
CVB Financial Corp. President and Chief Executive Officer, Chris Myers, will attend the 5th Annual FIG Partners West Coast CEO Forum to be held in San Francisco, California, on February 5th and February 6th 2014. At this conference, Mr. Myers will participate on the Leaders Bank Panel and will host one-on-one meetings with investors. The February 2014 slide presentation utilized in the one-on-one investor presentations, updated to reflect fourth quarter 2013 financial information, is included as Exhibit 99.1 of this report. The information in this report (including Exhibit 99.1) shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other documents filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth the by specific reference in such filing.
Item 8.01 Other Events.
On February 4, 2013, CVB Financial Corp. (the Company) issued a press release relating to its President and Chief Executive Officer, Chris Myers presentation of the slides in Exhibit 99.1 of this report during one-on-one investor presentations at the 5th Annual FIG Partners West Coast CEO Forum to be held in San Francisco, California, on February 5th and February 6th 2014. A copy of this press release is attached hereto as Exhibit 99.2 and is being furnished pursuant to this Item 8.01.
A copy of the slide presentation will be available on the Companys website at www.cbbank.com under Our Investors tab.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
Description | |
99.1 | Copy of the CVB Financial Corp. February 2014 slide presentation, updated to reflect fourth quarter 2013 financial information, which its President and Chief Executive Officer, Chris Myers, will utilize while hosting one-on-one investor meetings at the 5th Annual FIG Partners West Coast CEO Forum held in San Francisco, California, on February 5th and February 6th 2014 (furnished pursuant to Regulation FD). | |
99.2 |
Press Release dated February 4, 2014, announcing that Chris Myers, President and Chief Executive Officer of CVB Financial Corp. will participate on the Leaders Bank Panel at the 5th Annual FIG Partners West Coast CEO Forum held in San Francisco, California, on February 5th and February 6th 2014 and will be hosting one-on-one investor meetings. |
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: February 5, 2014 | By: | /s/ Richard C. Thomas | ||||
Executive Vice President and Chief Financial Officer |
Exhibit Index
99.1 | Copy of the CVB Financial Corp. February 2014 slide presentation, updated to reflect fourth quarter 2013 financial information, which its President and Chief Executive Officer, Chris Myers, will utilize while hosting one-on-one investor meetings at the 5th Annual FIG Partners West Coast CEO Forum held in San Francisco, California, on February 5th and February 6th 2014 (furnished pursuant to Regulation FD). | |
99.2 | Press Release dated February 4, 2014, announcing that Chris Myers, President and Chief Executive Officer of CVB Financial Corp. will participate on the Leaders Bank Panel at the 5th Annual FIG Partners West Coast CEO Forum held in San Francisco, California, on February 5th and February 6th 2014 and will be hosting one-on-one investor meetings. |
Exhibit 99.1
Exhibit 99.1
February 2014
4Q Results 2013 | cbbank. com
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 Companys current business plans 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; supply and demand for real property inventory and periodic deterioration in values of California real estate, both residential and commercial; a prolonged slowdown or decline 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; the cost or effect of acquisitions we may make; the effect of changes in laws and regulations (including laws, regulations and judicial decisions concerning financial reform, taxes, banking capital levels, securities, employment, executive compensation, insurance and information security) with which we and our subsidiaries must comply; changes in estimates of future reserve requirements and minimum capital requirements based upon the periodic review thereof under relevant regulatory and accounting requirements, including changes in the Basel Committee framework establishing capital standards for credit, operations and market risk; inflation, interest rate, securities market and monetary fluctuations; changes in government interest rate or monetary policies; changes in the amount and availability of deposit insurance; cyber-security threats including loss of system functionality or theft or loss of Company or customer data; political instability; acts of war or terrorism, or natural disasters, such as earthquakes, or the effects of pandemic diseases; 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 and the expanding use of technology in banking (including the adoption of mobile banking applications); the ability to retain and increase market share, retain and grow customers 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 or local business conditions; fluctuations in the price of the Companys stock; the effect of changes in accounting policies and practices, as may be adopted from time-to-time by the regulatory agencies, as well as by the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standardsetters; changes in our organization, management, compensation and benefit plans, and our ability to retain or expand our management team and/or our board of directors; the costs and effects of legal and regulatory developments, including the resolution of legal proceedings or regulatory or other governmental inquiries or investigations and the results of regulatory examinations or reviews; our success at managing the risks involved in the foregoing items and all other factors set forth in the Companys public reports including its Annual Report on Form 10-K for the year ended December 31, 2012, 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.
4Q Results 2013 | cbbank. com
2 |
|
CVB Financial Corp. (CVBF)
Total Assets: $ 6.7 Billion
Gross Loans: $ 3.5 Billion
Total Deposits (Including Repos): $ 5.5 Billion
Total Equity: $ 772 Million
Largest financial institution headquartered in the Inland Empire region of Southern California. Founded in 1974
Locations in 40 cities with 38 business financial centers and 6 commercial banking centers and 3 trust office locations throughout the Inland Empire, LA
County, Orange County and the Central Valley of California
Average Cost of Deposits = 0.10%
Source: Q4 2013 earnings release & company filings. *non-covered loans
4Q Results 2013 | cbbank. com
3 |
|
Experienced Leadership
Name Position Banking Experience CVBF Service
Christopher D. Myers President & CEO 29 Years 7 Years
Richard C. Thomas Executive Vice President 4 Years 3 Years
Chief Financial Officer
James F. Dowd Executive Vice President 37 Years 6 Years
Chief Credit Officer
David C. Harvey Executive Vice President 24 Years 4 Years
Chief Operations Officer
David A. Brager Executive Vice President 26 Years 11 Years
Sales Division
R. Daniel Banis Executive Vice President 32 Years 2 Years
CitizensTrust
Yamynn DeAngelis Executive Vice President 34 Years 26 Years
Chief Risk Officer
Richard Wohl Executive Vice President 25 Years 2 Years
General Counsel
4Q Results 2013 | cbbank. com
4 |
|
Board of Directors
Name CVB Experience Age
Ronald KruseChairman 39 Years 75
Linn WileyVice Chairman 22 Years 75
George Borba Jr. 1 Year 46
Steve Del Guercio 1 Year 52
Robert Jacoby 8 Years 72
Ray OBrien 1 Year 57
Hal Oswalt NEW 65
San Vaccaro 14 Years 80
Chris MyersCEO 7 Years 51
4Q Results 2013 | cbbank.com
5 |
|
Who is CVB Financial Corp.
4Q Results 2013 | cbbank. com
Largest Banks Headquartered in California
Rank Name Asset Size (12/31/13) In millions
1 |
|
Wells Fargo $1,527,015 |
2 |
|
Union Bank $105,894 |
3 |
|
Bank of the West $66,468 |
4 |
|
First Republic Bank $42,113 |
5 |
|
City National Bank $29,718 |
6 |
|
SVB Financial $26,417 |
7 |
|
East West Bank $24,730 |
8 |
|
OneWest Bank $23,468 |
9 Cathay Bank $10,990
10 CapitalSource Inc. $8,905
11 CVB Financial Corp. $6,665
12 Pacific Western Bank $6,533
13 BBCN $6,474
14 Farmers & Merchants of Long Beach $5,215
15 Westamerica Bank $4,847
Source: SNL Financial
4Q Results 2013 | cbbank.com
7 |
|
Bank Accomplishments & Ratings
147 Consecutive Quarters of Profitability
97 Consecutive Quarters of Cash Dividends
#8 Rated Bank: BankDirector Magazine
Bank Performance Scorecard (August 2013)
BauerFinancial Report
Five Star Rating (July 2013)
Fitch Rating
BBB (September 2013)
4Q Results 2013 | cbbank. com
Our Markets
4Q Results 2013 | cbbank. com
Existing Locations
38 Business Financial Centers
6 |
|
Commercial Banking Centers |
3 |
|
CitizensTrust Locations |
Corporate Office
Business Financial Centers
Commercial Banking Centers
CitizensTrust
San Diego Opening February 2014
4Q Results 2013 | cbbank.com
10
Deposits*
# of Center Total Deposits Total Deposits
(000s) Locations (12/31/12) (12/31/13)
Los Angeles County 17 $1,894,958 $1,921,122
Inland Empire
(Riverside & San Bernardino Counties) 9 $1,668,906 $1,842,239
Central Valley 10 $856,155 $866,085
Orange County 8 $582,616 $651,139
Other 0 $244,596 $253,297
Total 44 $5,247,231 $5,533,882
Average Cost of Deposits (Full Year) 0.14% 0.12%
*Includes Customer Repurchase Agreements; Balance as of balance sheet date
4Q Results 2013 | cbbank. com
Non -Interest Bearing Deposits
$2,600,000
$2,400,000
$2,200,000
$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
Q1 Q2Q3Q4Q1 Q2Q3Q4Q1 Q2Q3Q4Q1 Q2Q3Q4Q1 Q2Q3Q4Q1 Q2Q3Q4Q1 Q2Q3Q4 (000s) 2007 2008 2009 2010 2011 2012 2013
4Q Results 2013 | cbbank. com
Deposit Cost Comparison
Source: Q4 2013 earnings release & other company filings, SNL Financial peers represent public CA , AZ, HI, NV, OR & WA banks with assets $2$25 billion. Peer data as of 9/30/13
3.00%
CVBF Peers
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
200720082009 2010 2011 2012 2013
4Q Results 2013 | cbbank.com 13
Total Loans*
as of 12/31/2013
Non-
Covered
Covered Total Loans* % Loans* (000s) Loans*
Los Angeles County $1,294,510 $10,215 $1,304,725 36.56% Central Valley $705,521 $153,730 $859,251 24.08% Inland Empire $604,437 $926 $605,363 16.97%
(Riverside & San Bernardino Counties)
Orange County $518,664 $0 $518,664 14.54% Other $272,018 $8,233 $280,251 7.85%
Total $3,395,150 $173,104 $3,568,254 100.00%
*Prior to MTM discount, loan fees, loan loss reserve and loans held for sale
4Q Results 2013 | cbbank. com
Total Loans*
$4,400,000
$4,200,000
$4,000,000
$3,800,000
$3,600,000
$3,400,000
$3,200,000
$3,000,000
$2,800,000
$2,600,000
$2,400,000
$2,200,000
$2,000,000
Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2010 2011 2012 2013 (000s) Total Non-Covered Loans Total Covered Loans
*Before deferred loan fees, discount, and loans held for sale
4Q Results 2013 | cbbank.com
Loan Portfolio Composition
Total Loans by Type
Municipal Lease
Other, 1.7% Finance
Receivables, 2.5% Dairy, Livestock & SFR Mortgage, Agribusiness, 5.3% 8.4% Multi-Family, 5.3% Commercial & Industrial, 14.9%
Commercial Construction RE, RE-Non- 1.4% Owner, 37.9%
Commercial RE -Owner Occupied, 22.6%
Source: Q4 2013 earnings release & company reports |Covered & Non Covered
16 4Q Results 2013 | cbbank. com
New/Enhanced Lending Initiatives
Residential Real Estate
Multi-Family
Asset Based Lending
Residential and Commercial Construction
4Q Results 2013 | cbbank. com
17
Total Covered Loans
$800,000
$700,000 $184 million
$600,000
$500,000
$400,000
$300,000
$12.8 million
$200,000
$100,000
$-
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
(000s) 2009 2010 2011 2012 2013
Includes Loans Held for Sale Net of Discount
4Q Results 2013 | cbbank.com
Non -Performing Assets Non -Covered
$200,000 $180,000 $160,000 $140,000 $120,000 $100,000
$80,000
$60,000
$40,000
$20,000
$-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
(000s)
2009 2010 2011 2012 2013
Non-Performing Loans OREO
4Q Results 2013 | cbbank.com 19
Classified Loans
Non-Covered
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 (000s) 2009 2010 2011 2012 2013
4Q Results 2013 | cbbank. com 20
CVB Financial Corp.
Profits
4Q Results 2013 | cbbank.com
Net Income
$27,500
$25,000
$22,500
$20,000
$17,500
$15,000
$12,500
$10,000
$7,500
$5,000
$2,500
$-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
(000s)
2007 2008 2009 2010 2011 2012 2013
Net Income After Taxes
$20.4 million FHLB prepayment charge
4Q Results 2013 | cbbank.com
Earnings
12 Months
(000s)
2009 2010 2011 2012 to 12/31/2013
Net Interest Income
$222,264 $259,317 $234,681 $236,950 $216,266
Provision for Loan Losses ($80,500) ($61,200) ($7,068) $0 $16,750
Other Operating Income/Expenses (Net)
($52,515) ($111,378) ($106,809) ($122,257) ($88,741)
Income Taxes
($23,830) ($23,804) ($39,071) ($37,413) ($48,667)
Net Profit After Tax
$65,419 $62,935 $81,733 $77,280 $95,608
4Q Results 2013 | cbbank.com
23
Net Interest Margin
4.25%
4.00%
3.75%
3.50%
3.25%
3.00%
2.75%
2.50%
2.25%
2.00%
1.75%
1.50%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2007 2008 2009 2010 2011 2012 2013
Normalized*
*Normalized excludes accelerated accretion on covered loans
4Q Results 2013 | cbbank.com
24
CVB Financial Corp.
Expenses
4Q Results 2013 | cbbank.com
Expenses
12 Months to (000s)
2010 2011 2012 12/31/2013
Salaries & Employee Benefits
$69,419 $69,993 $68,496 $71,015
Promotion & Entertainment
$6,084 $4,977 $4,869 $4,681
Stationary & Supplies**
$4,965 $3,645 $3,582 $3,535
Software Licenses & Maintenance
$5,031 $3,669 $4,279 $4,671
Professional Services
$13,308 $15,031 $7,170 $5,709
OREO Expense
$7,490 $6,729 $2,146 $856
Other
$62,195 $36,981 $47,618* $23,561
Total:
$168,492 $141,025 $138,160 $114,028
*Includes $20.4 million FHLB prepayment charge
**Includes telecommunications expense
4Q Results 2013 | cbbank.com
26
CVB Financial Corp.
Bank Borrowings
4Q Results 2013 | cbbank.com
Outstanding Debt as of 12/31/2013
Balance at Type of Debt Interest Rate 12/31/2013 FHLB Advance*
$199,206 4.52% Fixed
Other Borrowings (overnight)
$0
Subordinated Debentures
CVB Statutory Trust III
$25,774
3-Month LIBOR + 1.38%
(000s)
Total
$224,980
*FHLB Advance maturity is November, 28 2016. As of 12/31/13, prepayment penalty was estimated at $20.5 million.
4Q Results 2013 | cbbank.com
28
CVB Financial Corp.
Capital
4Q Results 2013 | cbbank.com
Capital Ratios
Regulatory
Regulatory
September 30, 2013*
Minimum Ratio
Well-Capitalized Ratio
Tier 1 Risk-based Capital Ratio
4.0% 6.0% 17.87%
Total Risk-based Capital Ratio
8.0% 10.0% 19.13%
Tier 1 Leverage Ratio
4.0% 5.0% 11.44%
Tangible Capital Ratio
10.93%
Core Tier 1 Capital Ratio
17.26%
* CVB Financial Corp. - Consolidated
4Q Results 2013 | cbbank.com
30
CVB Financial Corp.
Securities & Investments
4Q Results 2013 | cbbank.com
Securities Portfolio*
--$2.67 Billion--
Yield on securities portfolio = 2.54% for the 4th Quarter 2013
CMOs / REMICs
13.75%
Trust Preferred
0.18%
Municipal Bonds 22.00%
Government Agency & GSEs 12.26%
MBS 51.81%
Securities portfolio totaled $2.67 billion at 12/31/2013. The portfolio represents 40% of the Banks total assets
Virtually all of the Banks mortgage-backed securities were issued by Freddie Mac or Fannie Mae which have the implied guarantee of the U.S. government. 98% of the Banks municipal portfolio contains securities which have an underlying rating of investment grade. California municipals represent only 4% of the municipal bond portfolio
*Securities Available For Sale
4Q Results 2013 | cbbank.com
Source: Q4 2013 earnings release. As of 12/31/2013 securities held-to-maturity were valued at approximately $1.8 million | Yield on securities represents the fully taxable equivalent
Securities Portfolio*
$2.67 Billion
Mark-to-Market (Pre-tax)
$100,000
$80,000
$60,000
$40,000
$20,000
$0
-$20,000 ($16,085)
-$40,000
Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sept Dec
09 09 09 10 10 10 10 11 11 11 11 12 12 12 12 13 13 13 13
(000s) *Securities Available For Sale
4Q Results 2013 | cbbank.com
CVBF Assets
12/31/06
$6.1 Billion
Loans, net,
49.9%
Securities
42.4%
Goodwill & Intangibles
0.7%
Other,
4.6%
Fed Balance*,
2.4%
12/31/13
$6.7 Billion
Loans, net,
52.1%
Securities,
40.0%
Goodwill & Intangibles
0.9%
Other, 6.9%
Fed Balance*,
0.1%
*Includes overnight funds held at the Federal Reserve, Interest earning - due from Correspondent Banks, other short-term money market accounts or certificates of deposit
4Q Results 2013 | cbbank.com
34
Yield on Securities vs. Yield on Loans
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2009 2010 2011 2012 2013
Yield on Loans* Yield on Securities
4Q Results 2013 | cbbank.com
*Excluding Discount Accretion
CVBF Liabilities
12/31/06
$5.7 Billion
Junior subordinated Debentures,
1.9%
Borrowings,
36.0%
Total Deposits*,
61.4%
Other Liabilities,
0.7%
12/31/13
$5.9 Billion
Borrowings,
4.6%
Other Liabilities,
1.1%
Junior subordinated Debentures,
0.4%
Total Deposits*,
93.9%
*Includes Customer Repurchase Agreements
4Q Results 2013 | cbbank.com
CVB
CVB Financial Corp.
Our Growth Strategy
4Q Results 2013 | cbbank.com
Our 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.
4Q Results 2013 | cbbank.com
38
Target Customer
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
4Q Results 2013 | cbbank.com
39
Three Areas of Growth
Same Store Sales
DeNovo
Acquisitions
--Banks--
--Trust--
4Q Results 2013 | cbbank.com
40
Acquisition Strategy
--Banks--
Target size: $200 million to $2 billion in assets
Financial & Strategic
In-market and/or adjacent geographic market (California only)
--Trust/Investment--
Target size: AUM of $200 million to $1 billion
In California
--Banking Teams--
In- market & new markets
CVB
CVB Financial Corp.
4Q Results 2013 | cbbank.com
Our Critical Few
Loan Growth
Expand Credit Product Offerings & Capabilities
Build Core Deposits
Drive Service Charge & Fee Income Growth
Manage Operating Efficiency
Grow Through Acquisition
4Q Results 2013 | cbbank.com
CVB
CVB Financial Corp.
Copy of presentation at www.cbbank.com
4Q Results 2013 | cbbank.com
Exhibit 99.2
Press Release | Contact: Christopher D. Myers | |
For Immediate Release | President and Chief Executive Officer (909) 980-4030 |
CVB Financial Corp. to Present at FIG Partners 5th Annual West Coast Bank CEO Forum
Ontario, CA, February 4, 2014 - Chris Myers, President and Chief Executive Officer of CVB Financial Corp, will be attending the FIG Partners 5th Annual West Coast Bank CEO Forum in San Francisco, California on Wednesday February 5th and Thursday February 6th. At 10 a.m. (PST) on Thursday Mr. Myers will be a participant on the Leaders Bank Panel. In addition, Mr. Myers will also be hosting one-on-one meetings with investors.
Mr. Myers one-on-one presentation materials utilized at the conference will be available by visiting the Companys website at www.cbbank.com under the Our Investors tab.
Corporate Overview
CVB Financial Corp. is the holding company for Citizens Business Bank. The Bank is the largest financial institution headquartered in the Inland Empire region of Southern California with assets of $6.7 billion. Citizens Business Bank serves 40 cities with 38 Business Financial Centers, six Commercial Banking Centers, and three trust office locations serving the Inland Empire, Los Angeles County, Orange County, and the Central Valley areas of California. The Bank intends to open a new Business Financial Center in San Diego County in the spring of 2014.
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 Our Investors tab.
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