Citizens Business Bank Recognized on Forbes List of Best Banks in America
Rhea-AI Summary
CVB Financial Corp. (NASDAQ: CVBF) has been recognized on Forbes' 16th annual America's Best Banks list, marking its ninth appearance in the past decade. The company, which operates Citizens Business Bank, has previously ranked as the overall #1 Best Bank in America four times in the past ten years (2023, 2021, 2020, and 2016).
The bank continues to demonstrate strong financial performance, maintaining several prestigious ratings including a Five-Star Superior rating from BauerFinancial, a 'Super Premier' Performing Bank designation from The Findley Reports, and a BBB+ rating from Fitch Ratings. Forbes' ranking methodology evaluated ten metrics related to credit quality, growth, and profitability among the 100 largest publicly traded banks in the nation.
As one of the 10 largest bank holding companies in California with over $15 billion in total assets, CVBF operates more than 60 banking centers and three trust office locations across California.
Positive
- Ranked among Forbes' Best Banks in America for the ninth time in past decade
- Achieved #1 Best Bank ranking four times in past ten years (2023, 2021, 2020, 2016)
- Maintains strong financial ratings: Five-Star Superior (BauerFinancial), Super Premier status (Findley), BBB+ (Fitch)
- One of California's 10 largest bank holding companies with >$15B in assets
Negative
- None.
News Market Reaction – CVBF
On the day this news was published, CVBF gained 0.38%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ONTARIO, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF), the holding company for Citizens Business Bank (the “Bank”), has been recognized by Forbes in their 16thannual America’s Best Banks list. This recognition marks the ninth time in the past decade that the Bank has earned a place on Forbes’ prestigious list of the best banks in the nation.
“We are honored to receive recognition once again for our strong financial performance,” said David Brager, President and Chief Executive Officer of CVB Financial Corp. and Citizens Business Bank. “This achievement is a testament to the dedication and talent of our associates, as well as the enduring relationships we have developed with our customers.”
As one of the top performing financial services companies in the nation, CVBF and the Bank regularly receive industry accolades for their financial strength and community outreach efforts. In 2024, CVBF was ranked by S&P Global Market Intelligence as one of the Top 50 Public Banks, and also named as one of America’s Greatest Workplaces for Women by Newsweek. The Bank maintained its Five-Star Superior rating from BauerFinancial, its designation as a “Super Premier” Performing Bank by The Findley Reports and CVBF’s BBB+ rating from Fitch Ratings. The Bank previously received top honors from Forbes as the overall number one “Best Bank in America” for four of the past ten years, namely, in 2023, 2021, 2020 and 2016.
In establishing its rankings, Forbes looked at ten metrics related to credit quality, growth, and profitability for all 100 of the largest publicly traded banks and thrifts in asset size in the nation.
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
Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVB Financial Corp., 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
How many times has CVBF been ranked #1 on Forbes' Best Banks in America list?
What is the current asset size of CVB Financial Corp (CVBF)?
What ratings does CVBF currently hold from major rating agencies?
How many banking centers does Citizens Business Bank (CVBF) operate?
