Citizens Business Bank Wins Market Value Award.Business Editors ONTARIO, Calif.--(BUSINESS WIRE)--April 19, 2004 Citizens Business Bank, the wholly owned banking subsidiary of CVB CVB Convention and Visitors Bureau CVB College Van Bestuur (Dutch: Managing Council) CVB Camper Van Beethoven (band) CVB Common Vision Blox CVB Center for Veterinary Biologics Financial Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CVBF CVBF Central Valley Business Forms CVBF Carrier Battle Force ), received the "Market Cap" Award on April 6, 2004. George Borba, chairman, and Linn linn n. Scots 1. A waterfall. 2. A steep ravine. [Scottish Gaelic linne, pool, waterfall.] Wiley, president and chief executive officer, were also the first to be inducted into the Market Cap Hall of Fame. The awards were presented at the Annual Strategic Issues Summit co-sponsored by Carpenter & Co. and the California Bankers Association. Carpenter & Co. is an Irvine-based investment banking firm specializing in financial institutions. They inaugurated the award this year. "The Market Cap Awards honor success in producing superior returns for shareholders," said Edward J. Carpenter, chairman and chief executive officer of Carpenter & Co. "Such returns result from quality performance by the Bank in serving their customers and communities." Citizens Business Bank is the first bank to be honored with this award and the induction of George Borba and Linn Wiley into the Market Cap Hall of Fame. The bank was founded in 1974 with $1.5 million in capital. Today, CVB Financial Corp. has total assets exceeding $4.0 billion and a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of more than $1 billion. This represents a return to original shareholders of 41,034%, or more than 400 times their original investment. It is the highest return in the history of California See History of California to 1899 or History of California 1900 to present. banking. "We are certainly very pleased to be recognized," Wiley said. "It is a credit to our Board of Directors, officers and staff. They deserve to be proud of this achievement. Now, our job is to make sure we continue the trend." Citizens Business Bank is the largest financial institution with headquarters in the Inland Empire Region of Southern California. It serves 30 cities with 37 business financial centers in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California. Its subsidiary, Golden West Financial Services, provides vehicle leasing, equipment leasing and real estate loan services. The bank's Wealth Management Group has over $1.1 billion in assets under administration. Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors of CVBF. For information on CVB Financial Corp. and Citizens Business Bank, visit the Citizens Business Bank Web site at www.cbbank.com. |
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