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CVB Financial
CVB Financial

-9.46%

Financial services / Commercial Banking and Financial Services

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
CVB Financial Corporation is a bank holding company headquartered in Ontario, California. It is the parent company of Citizens Business Bank, which provides a range of banking, lending, and investment services to individuals, businesses, and municipalities in Southern and Central California. Founded in 1974, CVB Financial has grown to become one of the largest bank holding companies in California, with over $12 billion in assets and 58 branches throughout the state.
CVB Financial's mission is to serve as a trusted and reliable financial partner for its clients, helping them achieve their financial goals and supporting the growth and prosperity of the communities it serves. The company prides itself on its strong financial performance, consistently delivering solid returns for its shareholders and maintaining a strong financial position.
In addition to its traditional banking services, CVB Financial also offers a range of online and mobile banking services, as well as wealth management and trust services through its subsidiary, CVB Private Client Resources. The company is committed to using cutting-edge technology to provide convenient and secure banking options for its customers.
CVB Financial is dedicated to giving back to the communities it serves through its philanthropy and community involvement programs. The company and its employees are actively involved in various local charities and non-profit organizations, volunteering their time and resources to help make a positive impact in the community.
In summary, CVB Financial is a reputable and successful bank holding company that offers a range of financial services to individuals and businesses in California. With a commitment to strong financial performance, innovation, and community involvement, it continues to be a trusted partner for its customers and a leader in the banking industry.
What is special about the company?
1. Strong Financial Performance: CVB Financial has consistently reported strong financial performance with steady revenue and profit growth over the years. This has earned the company a strong reputation and financial stability in the market.
2. Focus on Community Banking: CVB Financial is a community bank that focuses on serving the local community. The company provides personalized banking services to its customers and supports local businesses and organizations.
3. Strong Customer Service: The company is known for its strong customer service and customer-centric approach. It has received numerous awards and recognition for its exceptional customer service, including being ranked as one of the top 10 banks in the US for customer satisfaction.
4. Innovation and Technology: CVB Financial has always been at the forefront of utilizing technology to enhance its banking services. The company has invested heavily in digital banking, mobile apps, and other technological advancements to provide convenience and security to its customers.
5. Strong Corporate Culture: The company has a strong corporate culture that emphasizes teamwork, respect, and social responsibility. This has helped in creating a positive work environment and has led to the company being recognized as a top employer in the US.
6. Commitment to Sustainability: CVB Financial is committed to sustainability and has implemented various environmentally friendly practices in its operations. The company has also invested in sustainable infrastructure, such as LEED-certified buildings and solar panels.
7. Strong Ethical and Governance Standards: CVB Financial maintains high ethical standards in all its business operations. The company has a strong corporate governance structure and adheres to strict regulatory guidelines, ensuring transparency and accountability.
8. Long-Term Growth Strategy: The company has a long-term growth strategy, which includes expanding its presence in the market through mergers and acquisitions and expanding its product and service offerings. This strategic focus has helped the company to maintain sustainable growth over the years.
What the company's business model?
The CVB Financial Corp primarily operates as a bank holding company for Citizens Business Bank, which offers a range of banking and financial services to businesses and individuals in its local markets. Its business model is centered around providing personalized and relationship-focused banking services, including deposit products, loan products, and financial planning and investment services. The company also generates revenue through fees and commissions on various financial products and services, as well as through interest on loans and investments. CVB Financial Corp operates on a community banking model, emphasizing local decision-making and community involvement.
Interesting facts about the company
1. CVB Financial Corporation is a bank holding company headquartered in Ontario, California.
2. It was founded in 1974 as Citizens Business Bank, and later changed its name to CVB Financial Corporation in 2000.
3. The company has over $11 billion in assets and is one of the largest banking companies in Southern California.
4. CVB Financial Corporation is listed on the NASDAQ stock exchange under the ticker symbol CVBF.
5. It has 52 full-service branches throughout California, making it one of the largest independent banks in the state.
6. The company’s focus is primarily on commercial banking, providing financial services to small and medium-sized businesses, professionals, and individuals.
7. CVB Financial Corporation has consistently been recognized as one of the top performing banks in the nation.
8. In 2020, the company was ranked as one of the 50 Best Banks to Work For by American Banker and Best Companies Group.
9. CVB Financial Corporation is committed to giving back to the communities it serves, donating over $49 million to charitable organizations and community events since 2003.
10. The company prides itself on its strong values, including integrity, service, teamwork, and excellence. These values have remained the foundation of the company since its founding in 1974.
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