secwatch.observer — SEC 8-K summary
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Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001193125-26-167264
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312526167264/0001193125-26-167264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312526167264/d123515d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-167264

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