---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-167264"
form_type: "8-K"
ticker: "CVBF"
cik: "0000354647"
company_name: "CVB FINANCIAL CORP"
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:12:26.836807+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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

## SEC filing metadata
- accession: 0001193125-26-167264
- form_type: 8-K
- ticker: CVBF
- cik: 0000354647
- company_name: CVB FINANCIAL CORP
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354647/000119312526167264/0001193125-26-167264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354647/000119312526167264/d123515d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-167264
- JSON: https://secwatch.observer/filing/0001193125-26-167264.json
- Plain text: https://secwatch.observer/filing/0001193125-26-167264.txt

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