secwatch.observer — SEC 8-K summary
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Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001193125-25-322972
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312525322972/0001193125-25-322972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312525322972/d91305d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-322972

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