CVB FINANCIAL CORP. (NASDAQ:CVBF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) Appointment of a New Director
On June22, 2017, CVB Financial Corp. (the Company) announced the
appointment of Rodrigo Guerra, Jr. as a Board Member as of July1,
2017. Mr.Guerra was also named a Director of Citizens Business
Bank (the Bank), the wholly-owned banking subsidiary of the
Company. Mr.Guerra will serve on the Audit Committee, the
Nominating and Corporate Governance Committee, and the
Compensation Committee of the Company. In addition, Mr.Guerra
will serve on the Balance Sheet Management Committee, the Trust
Services Committee, and the Risk Management Committee of the
Bank.
Mr.Guerra will be paid a $60,000 annual directors fee. Mr.Guerra
will also receive a grant of 3,000 shares of restricted stock to
vest on the first anniversary of the date of grant. There are no
material transactions or agreements between Mr.Guerra and the
Company.
The press release announcing Mr.Guerras appointment is attached
as Exhibit No.99.1 to this 8-K.
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Financial Statements and Exhibits. |
(d)
Exhibits
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| 99.1 |
Press Release dated June 22, 2017, announcing the appointment of Rodrigo Guerra, Jr. as a director of CVB Financial Corp. and Citizens Business Bank as of July 1, 2017. |
CVB FINANCIAL CORP ExhibitEX-99.1 2 d411954dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Press Release Contact: Christopher D. Myers For Immediate Release President and CEO (909) 980-4030 CVB Financial Corp. Announces New Board Member Ontario,…To view the full exhibit click here About CVB FINANCIAL CORP. (NASDAQ:CVBF)
CVB Financial Corp. is the bank holding company for Citizens Business Bank (the Bank). The Bank’s segments include Business Financial and Commercial Banking Centers (Centers), Treasury and Others. The Company’s all administrative and other smaller operating departments are combined into the Other segment. Its remaining operating segments, which include construction lending, dairy and livestock, and agribusiness lending, leasing, CitizensTrust and centralized functions, form part of the Other segment. The Treasury Department’s primary focus is managing the Bank’s investments, liquidity and interest rate risk. The Bank operates approximately 40 Business Financial Centers, eight Commercial Banking Centers, and three trust offices. Its trust offices are located in Ontario, Newport Beach and Pasadena. These offices serve as sales offices for the Bank’s wealth management, trust and investment products. The Company also offers specialized services designed for commercial customers.