---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-322972"
form_type: "8-K"
ticker: "CVBF"
cik: "0000354647"
company_name: "CVB FINANCIAL CORP"
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:58:25.063015+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CVBF to acquire Heritage Commerce Corp in all-stock ~$811M deal, ~$13.00/HTBK share

## Summary
- All-stock transaction valued at ~$811M ($13.00/HTBK share); HTBK holders receive 0.65 CVBF shares each.
- Pro forma combined company has ~$22B in assets, >75 offices; expected close Q2 2026.
- Deal expected to be 13.2% accretive to 2027 EPS; IRR ~20%; TBVPS dilution 7.7% with ~2.5-year earn-back.
- David Brager to remain CEO; Heritage CEO Clay Jones becomes President; two Heritage directors join CVBF board.
- Transaction unanimously approved by both boards; subject to regulatory and shareholder approvals.

## SEC filing metadata
- accession: 0001193125-25-322972
- form_type: 8-K
- ticker: CVBF
- cik: 0000354647
- company_name: CVB FINANCIAL CORP
- filed_at: 2025-12-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354647/000119312525322972/0001193125-25-322972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354647/000119312525322972/d91305d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-322972
- JSON: https://secwatch.observer/filing/0001193125-25-322972.json
- Plain text: https://secwatch.observer/filing/0001193125-25-322972.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.