| Business Summary | | CVB
Financial
Corp.
principal
business
is
to
serve
as
a
holding
company
for
Citizens
Business
Bank
(Bank),
Community
Trust
Deed
Services,
CVB
Ventures,
Inc.
and
for
other
banking
or
banking-related
subsidiaries
that
the
Company
may
establish
or
acquire.
As
a
legal
entity
separate
and
distinct
from
its
subsidiaries,
CVB's
principal
source
of
funds
is,
and
will
continue
to
be,
dividends
paid
by
and
other
funds
advanced
from
primarily
the
Bank.
Legal
limitations
are
imposed
on
the
amount
of
dividends
that
may
be
paid
and
loans
that
may
be
made
by
the
Bank
to
CVB.
As
of
December
31,
2000,
the
Company
had
$2.3
billion
in
total
consolidated
assets,
$1.03
billion
in
consolidated
net
loans
and
$1.6
billion
in
total
consolidated
deposits. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CVBF
is
engaged
in
traditional
banking
activities
and
also
provides
trust
services
through
its
asset
management
division.
For
the
six
months
ended
6/30/01,
interest
income
rose
9%
to
$79.2
million.
Net
interest
income
after
loan
loss
prov.
rose
7%
to
$48.1
million.
Net
income
rose
13%
to
$18.5
million.
Net
interest
income
reflects
greater
average
balances
of
earning
assets,
partially
offset
by
lower
net
interest
margins.
Net
income
reflects
increased
income
from
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| George Borba, 68 Chairman
of the Company and the Bank | -- | -- | D. Linn Wiley, 62 Pres,
CEO, Director of the Company and the Bank | $738K | $2.0M | Ronald Kruse, 62 Vice
Chairman | -- | -- | Edward Biebrich, Jr., 57 CFO
of the Company & Exec. VP & Chief Financial Officer of the B | 254K | -- | Frank Basirico, 46 Exec.
VP and Sr. Loan Officer of the Bank | 247K | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|