CVB FINANCIAL CORP. (NASDAQ:CVBF) Files An 8-K Regulation FD Disclosure
Item7.01Regulation FD Disclosure.
The Chief Executive Officer and/or the Chief Financial Officer of
CVB Financial Corp. (the Company) will make presentations to
institutional investors at various meetings during the months of
May and June 2017. The May 2017 slide presentation, updated to
reflect first quarter 2017 financial information, is included as
Exhibit 99.1 of this report. The information in this report
(including Exhibit 99.1) shall not be deemed to be filed for the
purposes of Section18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the liability
of that section, and shall not be incorporated by reference into
any registration statement or other documents filed under the
Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by the specific reference in such
filing. A copy of the slide presentation will be also available
on the Companys website at www.cbbank.com under the
Investors tab.
Item8.01Other Events.
On August11, 2016, CVB Financial Corp. (the Company), the holding
company for Citizens Business Bank, issued a press release
announcing that its Board of Directors authorized an increase in
the Companys common stock repurchase program (the Repurchase
Program) to a maximum of 10,000,000 shares. As of March31, 2017,
9,918,200 shares of the Companys common stock remained available
for repurchase under the Repurchase Program. In connection with
the Repurchase Program, on May2, 2017 the Company entered into a
Rule 10b5-1 repurchase plan (the 10b5-1 Plan) whereby a maximum
of 9,918,200 shares of the Companys common stock may be
repurchased beginning May2, 2017 until the 10b5-1 Plan expires on
May2, 2018, unless completed sooner or otherwise extended or
terminated.
Item9.01Financial Statements and Exhibits.
| (d) | Exhibits |
|
ExhibitNo. |
Description |
|
| 99.1 |
Copy of the CVB Financial Corp. May 2017 slide presentation, updated to reflect first quarter 2017 financial information, which its Chief Executive Officer and/or Chief Financial Officer will utilize while making a presentation to institutional investors at various meetings. |
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 down -0.22 at 21.49 with 265,044 shares trading hands.