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Citizens Business Bank

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Citizens Business Bank
Company typePublic
through CVB Financial Corporation
IndustryFinancial services
Founded1970; 54 years ago (1970)
Headquarters
Ontario, California
,
United States
Key people
David A. Brager (president and CEO)[1]
ProductsBanking services
ParentCVB Financial Corporation
Websitewww.cbbank.com
For other banks with similar names, see Citizens Bank.

Citizens Business Bank is an American bank that specialises on business accounts headquartered in Ontario, California.[2]

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, 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

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The 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

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  1. ^ "David A. Brager". Los Angeles Times. Retrieved 2024-03-23.
  2. ^ Koren, James Rufus (2018-02-27). "Local banks Citizens Business, Community to combine into $12-billion institution". Los Angeles Times. Retrieved 2024-03-24.
  3. ^ "Christopher Myers is stepping down as the head of CVB Financial Corp. – IE Business Daily". Retrieved 2021-04-21.
  4. ^ "Citizens Business Bank Hires President". finance.yahoo.com. 12 April 2021. Retrieved 2021-04-21.
  5. ^ "UPDATED: CVB Financial to Close 10 Branches Through May | Los Angeles Business Journal". labusinessjournal.com. 7 February 2019. Retrieved 2021-04-21.
  6. ^ Clark, Robert (March 28, 2023). "East West Bancorp leads US public banks in 2022 financial performance ranking". S&P Global Market Intelligence.
  7. ^ "Local banks Citizens Business, Community to combine into $12-billion institution". Los Angeles Times. 2018-02-27. Retrieved 2021-04-21.
  8. ^ "Local banks Citizens Business, Community to combine into $12-billion institution". Los Angeles Times. 2018-02-27. Retrieved 2021-04-21.
  9. ^ Swanson, Mirjam (2018-03-08). "Citizens Business Bank to Merge With Community Bank". Outlook Newspapers. Retrieved 2021-04-21.
  10. ^ "Citizens Business Bank acquires Community Bank, adding 16 branches". Orange County Register. 2018-08-14. Retrieved 2021-04-21.
  11. ^ "Chino Valley Bank Near Los Angeles Buying Pasadena Thrift for $18". American Banker. 1995-11-06. Retrieved 2021-04-21.
  12. ^ "FDIC: Press Releases (PR-42--7-8-94)". www.fdic.gov. Retrieved 2021-04-21.
  13. ^ De La Cruz, Rene Ray. "Citizens Business Bank Arena renamed Toyota Arena". vvdailypress.com. Retrieved 2021-04-21.
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