
<PAGE>   1
                                                                      EXHIBIT 21

                               CVB FINANCIAL CORP.
                                  SUBSIDIARIES


<TABLE>
<CAPTION>
NAME OF SUBSIDIARY                 STATE OF INCORPORATION
------------------                 ----------------------
<S>                                <C>
Citizens Business Bank                  California

Community Trust Deed Services           California

Chino Valley Bancorp                    California

CVB Ventures, Inc.                      California

Orange National  Bancorp                California
</TABLE>


