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 OfficersItem 5.02
Retirement of Robert M. Jacoby
On February 22, 2017, Mr. Robert M. Jacoby, a director of CVB Financial Corp. (the “Company”), notified the Board of Directors (the “Board”) of his decision not to stand for re-election as a director at the Company’s 2017 Annual Meeting of Stockholders to be held on May 17, 2017. Mr. Jacoby is also a member of the Board of the Company’s subsidiary, Citizens Business Bank (the “Bank”). Mr. Jacoby will retire from the Company and the Bank Boards, effective upon the expiration of his current term at the Company’s 2017 Annual Meeting of Stockholders. Mr. Jacoby currently serves on the Company’s Audit, Compensation and Nominating & Corporate Governance Committees.
Mr. Jacoby joined the Board in 2005. The Company and the Board would like to thank Mr. Jacoby for his 12 years of distinguished service and leadership and wish him well in his retirement.
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. CVB FINANCIAL CORP. (NASDAQ:CVBF) Recent Trading Information
CVB FINANCIAL CORP. (NASDAQ:CVBF) closed its last trading session up +0.13 at 23.82 with 417,602 shares trading hands.