CVB Financial completes all-stock acquisition of Heritage Commerce; assets exceed $20B

CVB FINANCIAL CORP

CVBF issued ~41M shares to Heritage shareholders at 0.65 exchange ratio; total assets rise to >$20B
Clay Jones appointed President of CVBF and Citizens Business Bank; David Brager remains CEO
Two Heritage directors (Jones, Biagini-Komas) join CVBF and CBB boards, expanding to 11 directors
Combined company loans ~$12B, deposits & repurchase agreements ~$17B; adds 16 Bay Area branches
NEO employment agreements amended to provide 1x salary/bonus severance for termination without cause

item 2.01 item 5.02 item 7.01 item 9.01

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accession 0001193125-26-167264

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