Citizens Business Bank Expands with De Novo Office in Temecula-Murrieta Region

Rhea-AI Summary

Citizens Business Bank (NASDAQ: CVBF) announced on November 5, 2025 the opening of a new de novo Loan Production Office in Temecula, serving the Temecula-Murrieta region.

The office is led by Leonard Barbosa, vice president and center manager, who brings more than 35 years of Southern California banking experience and a local team. Management said the expansion strengthens the bank's footprint between the San Diego and Riverside markets.

Corporate context: CVB Financial Corp is the holding company for Citizens Business Bank, noted as one of the 10 largest bank holding companies headquartered in California with > $15 billion in total assets, and operates > 60 banking centers plus three trust offices across California.

Ontario, CA, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Citizens Business Bank announced the opening of a new Loan Production Office in Temecula, California. 

The new location is led by Leonard Barbosa, Vice President and Center Manager, who brings more than 35 years of banking experience in Southern California. Barbosa has assembled a team of seasoned local bankers to serve the Temecula-Murrieta market.

“This strategic expansion strengthens our presence in the rapidly growing Temecula-Murrieta region of Riverside County and enhances our footprint across Southern California, bridging the gap between the San Diego and Riverside markets,” said David A. Brager, President and Chief Executive Officer of Citizens Business Bank. “Our new Temecula team are experienced bankers, and they’ve been doing this for a long time. We’re excited about the opportunities to expand our presence in this important geographic area.”

Over the past decade, Citizens Business Bank has opened several de novo offices in cities across California as part of its strategy to establish a lasting presence in key markets. Previous de novo locations include San Diego, Oxnard, Santa Barbara, Stockton and Modesto.

Corporate Overview

CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with greater than $15 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services with more than 60 banking centers and three trust office locations serving California.

Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVBF, visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab.

Contact: David A. Brager
President and Chief Executive Officer
(909) 980-4030

FAQ

What did CVBF announce on November 5, 2025 regarding Temecula?

CVBF opened a new de novo Loan Production Office in Temecula led by Leonard Barbosa to serve the Temecula-Murrieta market.

Who will lead the new CVBF Temecula office and what is their experience?

The Temecula office is led by Leonard Barbosa, vice president and center manager, with more than 35 years of Southern California banking experience.

How does the Temecula office expansion affect CVBF's California footprint?

Management says the office strengthens CVBF's presence between the San Diego and Riverside markets and expands coverage in the Temecula-Murrieta region.

How large is CVB Financial Corp (CVBF) and how many branches does it operate?

CVB Financial Corp is among the 10 largest California-based bank holding companies with over $15 billion in assets and operates more than 60 banking centers plus three trust offices.

Will the Temecula office accept customer deposits and lending requests immediately?

The announcement identifies the location as a Loan Production Office, focused on lending and local banking relationships; specific deposit or full-branch services were not detailed.

Where can investors find more information about CVBF investor relations?

Investors can visit the bank's website at www.cbbank.com and click the Investors tab for filings and contact details.