CVB Financial Corp. · Ontario, CA United States ·(NASDAQ (GS): CVBF)
Company Description
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This link will open in a new window CVB Financial is into the California Vibe, Baby. The holding company's Citizens Business Bank offers community banking services to primarily small and midsized businesses, but also consumers through more than 50 locations in eight central and southern California counties. Its deposit products include checking, money market, and savings accounts, as well as CDs. Commercial real estate loans account for about half of the bank's loan portfolio, which is rounded out by business, consumer, and construction loans, residential mortgages, dairy and livestock loans, and municipal lease financing. To read the full description, subscribe now.
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Key CVB Financial Corp. Financials
| Company Type | Public - NASDAQ (GS): CVBF Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $228.1 |
| 2008 Employees | 776 |
CVB Financial Corp. Executives
27 executives listed for CVB Financial Corp.'s Ontario, CA location.
| Title | Name & Bio | Contact |
| Chairman | George Borba | Network |
| Vice Chairman | Ronald Kruse | Network |
| Vice Chairman | D. Linn Wiley | Network |
Competition
Competitive Landscape for CVB Financial Corp.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top CVB Financial Corp. Competitors
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