Citizens Business Bank is an American bank that specialises on business accounts headquartered in Ontario, California.[2]
 | |
 Citizens Business Bank (CVBF) Stock Price | |
| Company type | Public |
|---|---|
| through CVB Financial Corporation | |
| Industry | Financial services |
| Founded | 1970 |
| Headquarters | , |
Key people | David A. Brager (president and CEO)[1] |
| Products | Banking services |
| Parent | CVB Financial Corporation |
| Website | www |
CVB Financial Corporation is the holding company for Citizens Business Bank.[3] It has over $14 billion in total assets.[4] The parent company is traded on the NASDAQ as CVBF.
As of 2021[update], the bank had 57 physical locations following a 2019 branch consolidation.[5] Citizens earned the third spot in S&P Global Market Intelligence's 2022 Ranking of U.S. Public Banks by Financial Performance.[6]
History
editThe bank was founded as Chino Valley Bank in 1970.[7]
In 2018, Citizens acquired Pasadena-based Community Bank, which was founded in 1945.[8][9][10] In 1995, the company acquired Citizens Commercial Trust and Savings Bank, also of Pasadena.[11] In 1994, the company assumed the operations of the failed Pioneer Bank of Fullerton, California.[12]
Citizens Business Bank was the former name sponsor of the Toyota Arena in Ontario, California between the arena's opening in 2008 and 2019.[13]
References
edit- ^ "David A. Brager". Los Angeles Times. Retrieved 2024-03-23.
- ^ Koren, James Rufus (2018-02-27). "Local banks Citizens Business, Community to combine into $12-billion institution". Los Angeles Times. Retrieved 2024-03-24.
- ^ "Christopher Myers is stepping down as the head of CVB Financial Corp. – IE Business Daily". Retrieved 2021-04-21.
- ^ "Citizens Business Bank Hires President". finance.yahoo.com. 12 April 2021. Retrieved 2021-04-21.
- ^ "UPDATED: CVB Financial to Close 10 Branches Through May | Los Angeles Business Journal". labusinessjournal.com. 7 February 2019. Retrieved 2021-04-21.
- ^ Clark, Robert (March 28, 2023). "East West Bancorp leads US public banks in 2022 financial performance ranking". S&P Global Market Intelligence.
- ^ "Local banks Citizens Business, Community to combine into $12-billion institution". Los Angeles Times. 2018-02-27. Retrieved 2021-04-21.
- ^ "Local banks Citizens Business, Community to combine into $12-billion institution". Los Angeles Times. 2018-02-27. Retrieved 2021-04-21.
- ^ Swanson, Mirjam (2018-03-08). "Citizens Business Bank to Merge With Community Bank". Outlook Newspapers. Retrieved 2021-04-21.
- ^ "Citizens Business Bank acquires Community Bank, adding 16 branches". Orange County Register. 2018-08-14. Retrieved 2021-04-21.
- ^ "Chino Valley Bank Near Los Angeles Buying Pasadena Thrift for $18". American Banker. 1995-11-06. Retrieved 2021-04-21.
- ^ "FDIC: Press Releases (PR-42--7-8-94)". www.fdic.gov. Retrieved 2021-04-21.
- ^ De La Cruz, Rene Ray. "Citizens Business Bank Arena renamed Toyota Arena". vvdailypress.com. Retrieved 2021-04-21.