Highest-materiality recent filing
CVBF closes Heritage acquisition; pro forma 2025 net income $241M, assets $21.5B
Merger closed April 17, 2026; 0.65 exchange ratio; ~40.8M CVBF shares issued; total consideration $843.7M.
CVB Financial completes all-stock acquisition of Heritage Commerce; assets exceed $20B
CVBF issued ~41M shares to Heritage shareholders at 0.65 exchange ratio; total assets rise to >$20B
CVBF receives all regulatory approvals for HTBK merger; closing set for April 17
Federal Reserve issued Section 3 waiver and non-objection; OCC approved bank merger.
CVBF supplements merger proxy with disclosure updates and executive severance details
Three lawsuits filed in NY and CA alleging disclosure deficiencies; company deems claims meritless, provides supplemental disclosures.
CVBF to acquire Heritage Commerce Corp in stock deal valued at ~$811M; Clay Jones named President
Heritage shareholders receive 0.65 CVBF shares per share; implied ~$13.00/share based on Dec 16 close.
CVBF to acquire Heritage Commerce Corp in all-stock ~$811M deal, ~$13.00/HTBK share
All-stock transaction valued at ~$811M ($13.00/HTBK share); HTBK holders receive 0.65 CVBF shares each.
CVB Financial Q1 EPS $0.36, net income $51.1M; NIM expands 13bps, loans shrink
Diluted EPS $0.36 (flat QoQ); net income $51.1M vs $50.9M Q4'24 and $48.6M Q1'24.
On May 20, 2026, CVB Financial Corp. (the “Company”) received notice that Richard Wohl will retire from his role as Executive Vice President and General Counsel of the Company and its principal subsidiary, Citizens Business Bank, National Association, effective on June 5, 2026.
Max materiality 0.90 · Median 0.40 · Most common event m_and_a