CVB Financial Corp. filings document the public-company record for a California bank holding company and its Citizens Business Bank subsidiary. Periodic and current reports cover operating results, net interest income, credit quality, loan and deposit activity, capital structure, dividend actions and material events affecting the banking business.
Proxy and governance filings disclose board matters, executive compensation, shareholder voting items and director changes. Current reports also record Regulation FD presentations, material agreements, merger-related disclosures following the Heritage Commerce transaction, risk factors and other capital-structure or shareholder matters relevant to the company’s common stock.
CVB Financial Corp Chief Accounting Officer Sheryl Laygo reported routine tax-withholding share dispositions tied to vested restricted stock awards. On March 19, 2026 and March 20, 2026, a total of 496 common shares were withheld at prices of $18.88 and $18.60 per share to pay taxes. Following these transactions, she directly holds 14,152 common shares.
CVB Financial Corp President & CEO David A. Brager reported routine equity compensation activity. He received 30,149 shares of common stock on a grant/award basis at $0.00 per share, reflecting the vesting of performance stock units granted on January 25, 2023.
On the same date, 15,072 shares of vested stock were withheld at $19.005 per share to cover tax obligations, a non-market disposition. After these transactions, Brager directly holds 245,493 shares of CVB Financial common stock.
CVB Financial Corp EVP & CCO David F. Farnsworth reported compensation-related stock activity. On March 16, 2026, he acquired 9,547 shares of common stock at $0.00 per share as a grant following the satisfaction of performance conditions for Performance Stock Units granted on January 25, 2023.
On the same date, 3,426 shares were disposed of at $19.005 per share to cover taxes due on the vested amount. After these transactions, he directly owned 83,882 shares of CVB Financial common stock.
CVB Financial Corp EVP and Chief Operating Officer David C. Harvey reported compensation-related stock activity. He acquired 12,562 shares of common stock at $0 per share as a grant tied to performance stock units originally granted on January 25, 2023 after performance conditions were met. To cover taxes on the vested amount, 6,256 shares were withheld at a price of $19.005 per share, a non-market tax-withholding disposition rather than an open-market sale. Following these transactions, he directly holds 138,149 shares of CVB Financial common stock.
CVB Financial Corp EVP & CFO Nicholson E. Allen received 12,562 shares of Common Stock on March 16, 2026 as a Performance Stock Unit award that vested after performance conditions were met. To cover taxes on the vested amount, 6,238 shares were withheld at a price of $19.005 per share, leaving him with 127,776 directly held shares after the transactions.
CVB Financial Corp EVP & General Counsel Richard H. Wohl received 8,291 shares of common stock as a stock award tied to performance stock units granted on January 25, 2023.
To cover taxes on the vested shares, 4,145 shares were withheld at 19.005 per share, leaving him with 50,188.642 shares held directly.
CVB Financial Corp. is moving forward with its planned merger with Heritage Commerce Corp. and has issued a supplement to their joint proxy statement/prospectus. The update responds to three shareholder lawsuits and demand letters that allege disclosure deficiencies, while the companies state they believe the claims are without merit.
The supplement corrects Heritage share count and insider ownership figures as of the record date, refreshes the peer group comparison tables for both Heritage and CVBF, and adds detail on Piper Sandler’s valuation work, including discount rates of about 10% for both stocks and projected EPS accretion and tangible book value dilution metrics for CVBF after closing.
It also clarifies executive and director equity holdings, severance and bonus estimates, potential retention awards, and post‑merger employment or termination outcomes for specific Heritage executives, as well as additional voting and support agreement mechanics. The overall merger terms and shareholder meeting plans remain unchanged.
CVB Financial Corp., parent of Citizens Business Bank, reports a strong 2025 balance sheet with $15.63 billion in assets, $8.62 billion in net loans, $12.07 billion in deposits and $2.30 billion in shareholders’ equity as of December 31, 2025.
The bank focuses on serving small and mid-sized businesses across California through 62 banking centers and multiple trust offices, offering a full suite of commercial, agribusiness, real estate, consumer and wealth management services. It remains well capitalized under Basel III standards and maintains FDIC-insured deposits.
A key development is a pending all-stock merger with Heritage Commerce Corp., under which Heritage shareholders will receive 0.65 CVB shares per Heritage share. After closing, CVB shareholders are expected to own about 77% of the combined company and Heritage shareholders about 23%, creating a bank with roughly $22 billion in assets and more than 80 locations, subject to regulatory and shareholder approvals and expected to close in the second quarter of 2026.
CVB Financial Corp Chief Accounting Officer Sheryl Laygo reported a small share disposition related to taxes, not an open-market trade. She had 248 shares of common stock withheld at $20.48 per share to cover taxes on restricted stock that vested on January 22, 2026. After this tax-withholding disposition, she continues to directly own 14,648 shares of CVB Financial common stock.
CVB Financial Corp. reported that director Kimberly Sheehy will retire from the boards of both the company and its wholly owned subsidiary, Citizens Business Bank. She informed the company on February 18, 2026, that she will not stand for reelection at the annual shareholder meeting scheduled for May 20, 2026.
The company states that her decision is not due to any disagreement with its operations, policies, or practices. Sheehy will continue to serve as Chair of the Audit Committee and as a director through the end of her current term, providing continuity in oversight until the meeting.