Citizens Business Bank Ranked Best Bank in America by Forbes for Second Consecutive Year

Rhea-AI Summary

CVB Financial Corp. (NASDAQ: CVBF) has been recognized as the “Best Bank in America” for the second consecutive year by Forbes in its 2021 rankings. This accolade reflects CVBF's strong financial performance and commitment to customer relationships. The bank, with over $14 billion in assets, serves various regions in California through 57 banking centers. Forbes evaluated 100 major publicly-traded banks based on metrics like credit quality, growth, and profitability. This marks the third time in five years that CVBF has achieved this top position.

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• Ranked 'Best Bank in America' by Forbes for the second consecutive year.
• Strong financial performance attributed to dedicated staff and customer relationships.
• One of the 10 largest bank holding companies in California with over $14 billion in assets.

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ONTARIO, Calif., Jan. 29, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF), the holding company for Citizens Business Bank, has earned the ranking of “Best Bank in America” for the second consecutive year, according to Forbes’ America’s Best Banks 2021.

“We are excited to be recognized again as the top bank in America by Forbes,” said David A. Brager, Chief Executive Officer of CVB Financial Corp. and Citizens Business Bank. “We are especially proud that this is the third time we have attained the top position in the Forbes’ rankings within the past five years. We are grateful to receive this high honor, and we attribute our strong financial performance to the dedication and talent of our associates and the long standing relationships that we have developed with our customers.”

In establishing its rankings, Forbes looked at ten metrics related to credit quality, growth, and profitability for all 100 of the largest publicly-traded banks in the nation.

Corporate Overview

CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with over $14 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services through 57 banking centers and 3 trust office locations serving the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California.

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

Contact: David A. Brager
Chief Executive Officer
(909) 980-4030

FAQ

What is the significance of CVBF being named 'Best Bank in America'?

The designation highlights CVBF's exceptional financial performance and strong customer relationships, enhancing its reputation.

How many times has CVBF received the 'Best Bank in America' title?

CVBF has received the title three times in the past five years.

What metrics did Forbes use to rank CVBF?

Forbes evaluated credit quality, growth, and profitability among other metrics for the ranking.

Where can I find more information about CVB Financial Corp.?

Additional information is available on the Citizens Business Bank website under the 'Investors' tab.

What is the stock symbol for CVB Financial Corp.?

The stock symbol for CVB Financial Corp. is CVBF, and it's listed on NASDAQ.