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CVB FINANCIAL CORP. ANNOUNCES STOCK DIVIDEND

 ONTARIO, Calif., Dec. 21 /PRNewswire/ -- The board of directors of CVB Financial Corp. (AMEX: CVB) declared a 10 percent stock dividend at its board of directors meeting on Dec. 16, 1992. This decision reflects the continued strong performance of CVB Financial Corp. and its principal subsidiary, Chino Valley Bank. It also demonstrates the confidence of the board in the future. Shareholders of record on Jan. 4, 1993, will receive the stock dividend on Jan. 19, 1993.
 The board of directors also declared a quarterly cash dividend of $0.08 a share to shareholders of record as of Dec. 31, 1992. Payment of the cash dividend will be made on Jan. 15, 1993.
 CVB Financial Corp. earlier reported net earnings of $6,474,000 for the nine months ended Sept. 30, 1992. This resulted in an annualized return on assets of 1.56 percent and an annualized return on average equity of 18.30 percent. This is among the highest returns in the industry.
 During 1992, CVB Financial Corp. was ranked the ninth most profitable bank in the nation by United States Banker Magazine. The company also was rated as the 30th most profitable in the "Times 100." Chino Valley Bank has consistently received the prestigious Superior Premier Performing Bank award from Findley Reports.
 CVB Financial Corp. is the parent of Chino Valley Bank, the largest independent bank headquartered in the Inland Empire region of Southern California. Share of CVB Financial Corp. are listed on the American Stock Exchange under the ticker symbol of CVB.
 -0- 12/21/92
 /CONTACT: Robert J. Schurheck, CFO of CVB Financial, 909-980-4030/
 (CVB)


CO: CVB Financial Corp.; Chino Valley Bank ST: California IN: FIN SU: DIV

JB-MS -- LA018 -- 0108 12/21/92 12:03 PST
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Publication:PR Newswire
Date:Dec 21, 1992
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