<SUBMISSION>
<ACCESSION-NUMBER>0000950129-04-001786
<TYPE>DEF 14A
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20040519
<FILING-DATE>20040401
<EFFECTIVENESS-DATE>20040401
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CVB FINANCIAL CORP
<CIK>0000354647
<ASSIGNED-SIC>6022
<IRS-NUMBER>953629339
<STATE-OF-INCORPORATION>CA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>DEF 14A
<ACT>34
<FILE-NUMBER>000-10140
<FILM-NUMBER>04708784
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>701 N HAVEN AVE STE 350
<CITY>ONTARIO
<STATE>CA
<ZIP>91764
<PHONE>9099804030
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>701 N HAVEN AVENUE
<CITY>ONTARIO
<STATE>CA
<ZIP>91764
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>v97706ddef14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>CVB Financial Corp.</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="2"><B>SCHEDULE 14A INFORMATION</B></FONT>

<P align="center"><FONT size="2"><B>PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></FONT>

<P align="center"><FONT size="2"><B>(AMENDMENT NO.___)</B></FONT>

<P><FONT size="2">Filed by the Registrant <FONT face="Wingdings">&#254;</FONT>
</FONT>
<P><FONT size="2">Filed by a Party other than the Registrant
<FONT face="Wingdings">o</FONT>
</FONT>
<P><FONT size="2">Check the appropriate box:
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="2%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="95%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><FONT face="Wingdings">o</FONT></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Preliminary Proxy Statement</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><FONT face="Wingdings">&#254;</FONT></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Definitive Proxy Statement</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><FONT face="Wingdings">o</FONT></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Confidential, for Use of the Commission Only (as permitted by Rule&nbsp;14a-6(e)(2))</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><FONT face="Wingdings">o</FONT></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Definitive Additional Materials</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><FONT face="Wingdings">o</FONT></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Soliciting Material Pursuant to sec. 240.14a-11(c) or sec. 240.14a-12</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>&nbsp;</P>
<P>


<P align="center"><FONT size="4"><B>CVB Financial Corp.</B></FONT>
<HR size="1" noshade>
<DIV align="center"><FONT size="2"><B>(Name of Registrant as Specified In Its Charter)</B></FONT></DIV>

<BR CLEAR="all">
<P align="center"><FONT size="3"><B>&nbsp;</B></FONT>
<HR size="1" noshade>
<DIV align="center"><FONT size="2"><B>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</B></FONT></DIV>

<P><FONT size="2">Payment of Filing Fee (Check the appropriate box):
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="1%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="93%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><FONT face="Wingdings">&#254;</FONT></FONT></TD>
        <TD align="left" valign="top" colspan="4"><FONT size="2">&nbsp;&nbsp;Fee not required.</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><FONT face="Wingdings">o</FONT></FONT></TD>

<TD align="left" valign="top" colspan="4"><FONT size="2">&nbsp;&nbsp;Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11.</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(1)
</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top" colspan="2"><FONT size="2">Title of each class of securities to which transaction applies:<BR><BR>
        <HR size="1" noshade></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(2)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Aggregate number of securities to which transaction applies:<BR><BR>
        <HR size="1" noshade></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(3)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule&nbsp;0-11 (set forth the
amount on which the filing fee is calculated and state how it
was determined):<BR><BR>
        <HR size="1" noshade></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(4)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Proposed maximum aggregate value of transaction:<BR><BR>
        <HR size="1" noshade></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(5)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Total fee paid:<BR><BR>
        <HR size="1" noshade></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><FONT face="Wingdings">o</FONT></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top" colspan="3"><FONT size="2">Fee paid previously with preliminary materials.</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><FONT face="Wingdings">o</FONT></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top" colspan="3"><FONT size="2">Check box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11(a)(2) and identify the
filing for which the offsetting fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(1)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Amount Previously Paid:<BR><BR>
        <HR size="1" noshade></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(2)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Form, Schedule or Registration Statement No.:<BR><BR>
        <HR size="1" noshade></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(3)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Filing Party:<BR><BR>
        <HR size="1" noshade></FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
(4)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Date Filed:<BR><BR>
        <HR size="1" noshade></FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2"></FONT>



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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>CVB FINANCIAL CORP.<BR>
NOTICE OF 2004 ANNUAL MEETING OF SHAREHOLDERS<BR>
TO BE HELD MAY 19, 2004</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TO OUR SHAREHOLDERS:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The 2004 Annual Meeting of Shareholders of CVB Financial Corp. will be
held at the Ontario Convention Center, 2000 Convention Center Way, Ontario,
California 91764 on Wednesday, May&nbsp;19, 2004 at 7:00 p.m. local time.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At our meeting, we will ask you to act on the following matters:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.&nbsp;Election of Directors. </B>Elect seven persons to the Board of Directors
to serve for a term of one year. The following seven persons are the nominees:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">George A. Borba
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James C. Seley</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John A. Borba
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">San E. Vaccaro</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ronald O. Kruse
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">D. Linn Wiley</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John J. LoPorto</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.&nbsp;Ratification of Appointment of Independent Public Accountants. </B>Ratify
the appointment of Deloitte &#038; Touche as independent public accountants for
2004.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.&nbsp;Other Business. </B>Transact any other business which properly comes
before the meeting.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Bylaws provide for the nomination of directors in the following
manner:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Nominations for election of members of the Board of Directors may be made
by the Board of Directors or by any shareholder of any outstanding class of
voting stock of the corporation entitled to vote for the election of directors.
Notice of intention to make any nominations, other than by the Board of
Directors, shall be made in writing and shall be received by the President of
the corporation no more than 60&nbsp;days prior to any meeting of shareholders
called for the election of directors, and no more than 10&nbsp;days after the date
the notice of such meeting is sent to shareholders pursuant to Section&nbsp;2.2 of
these bylaws; provided, however, that if only 10&nbsp;days notice of the meeting is
given to shareholders such notice of intention to nominate shall be received by
the President of the corporation not later than the time fixed in the notice of
the meeting for the opening of the meeting. Such notification shall contain
the following information to the extent known to the notifying shareholder:
(a)&nbsp;the name and address of each proposed nominee; (b)&nbsp;the principal occupation
of each proposed nominee; (c)&nbsp;the number of shares of voting stock of the
corporation owned by each proposed nominee; (d)&nbsp;the name and residence address
of the notifying shareholder; and (e)&nbsp;the number of shares of voting stock of
the corporation owned by the notifying shareholder. Nominations not made in
accordance herewith shall be disregarded by the then chairman of the meeting,
and the inspectors of election shall then disregard all votes cast for each
nominee.&#148; Additional information regarding procedures for shareholders
recommending nominees for directors is set forth under the heading
&#147;Consideration of Shareholder Nominees.&#148;


<P align="center" style="font-size: 10pt">1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you were a shareholder of record at the close of business on March&nbsp;25,
2004, you may vote at the meeting or at any postponement or adjournment of the
meeting.

<P align="left" style="font-size: 10pt">IT IS IMPORTANT THAT ALL SHAREHOLDERS VOTE. WE URGE YOU TO SIGN AND RETURN THE
ENCLOSED PROXY AS PROMPTLY AS POSSIBLE, REGARDLESS OF WHETHER OR NOT YOU PLAN
TO ATTEND THE MEETING IN PERSON. IF YOU DO ATTEND THE MEETING, YOU MAY THEN
WITHDRAW YOUR PROXY AND VOTE IN PERSON.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By Order of the Board of Directors</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><IMG src="v97706dv9770604.gif" alt="-s- Donna Marchesi"></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DONNA MARCHESI</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: April&nbsp;7, 2004
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate Secretary</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">2
</DIV>

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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">INFORMATION ABOUT THE ANNUAL MEETING AND VOTING</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">STOCK OWNERSHIP</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">Proposal 1: Election of Directors</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">EXECUTIVE COMPENSATION</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">REPORT OF THE COMPENSATION COMMITTEE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">Proposal 2: Ratification of Appointment of Independent Public Accountants</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">PROPOSALS OF SHAREHOLDERS</A></TD></TR>
</TABLE>
</CENTER>
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<P align="center" style="font-size: 10pt"><B>PROXY STATEMENT FOR<BR>
CVB FINANCIAL CORP.<BR>
701 North Haven Avenue, Suite&nbsp;350<BR>
Ontario, California 91764<BR>
(909)&nbsp;980-4030</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This proxy statement contains information about the annual meeting of
shareholders of CVB Financial Corp. to be held on Wednesday, May&nbsp;19, 2004
beginning at 7:00 p.m., local time, at the Ontario Convention Center, 2000
Convention Center Way, Ontario, California 91764, and at any postponements or
adjournments of the meeting.

<!-- link1 "INFORMATION ABOUT THE ANNUAL MEETING AND VOTING" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt"><B>INFORMATION ABOUT THE ANNUAL MEETING AND VOTING</B>



<P align="left" style="font-size: 10pt"><B>Why Did You Send Me This Proxy Statement?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We sent you this Proxy Statement and the enclosed proxy card because the
Board of Directors is soliciting your vote at the 2004 Annual Meeting of
Shareholders.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This proxy statement summarizes the information you need to know to cast
an informed vote at the meeting. However, you do not need to attend the
meeting to vote your shares. Instead, you may simply complete, sign and return
the enclosed proxy card.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will begin sending this proxy statement, notice of annual meeting and
the enclosed proxy card on or about April&nbsp;7, 2004 to all shareholders entitled
to vote. The record date for those entitled to vote is March&nbsp;25, 2004. On
March&nbsp;25, 2004, there were 48,385,568 shares of our common stock outstanding.
Common stock is our only class of stock outstanding. We are also sending our
Annual Report including our Annual Report on Form 10-K to shareholders for the
year ended December&nbsp;31, 2003 along with this proxy statement.


<P align="left" style="font-size: 10pt"><B>How Do I Vote By Proxy?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whether you plan to attend the meeting or not, we urge you to complete,
sign and date the enclosed proxy card and to return it promptly in the envelope
provided. Returning the proxy card will not affect your right to attend the
meeting and vote.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you properly fill in your proxy card and send it to us in time to vote,
your &#147;proxy&#148; (one of the individuals named on your proxy card) will vote your
shares as you have directed. If you sign the proxy card but do not make
specific choices, your proxy will vote your shares as recommended by the Board
of Directors as follows:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;FOR&#148; the election of all seven nominees for director; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;FOR&#148; ratification of the appointment of Deloitte &#038; Touche as
independent accountants for 2004.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any other matter is presented, your proxy will vote in accordance with
the recommendation of the Board of Directors, or, if no recommendation is
given, in their own discretion. At the time this proxy statement went to
press, we knew of no matters which needed to be acted on at the meeting, other
than those discussed in this proxy statement.


<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>How Many Votes Do I Have?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each share of common stock entitles you to one vote. The proxy card
indicates the number of shares of common stock that you own. However, in the
election of directors, you are entitled to cumulate your votes if you are
present at the meeting, the nominee&#146;s(s&#146;) name(s) have properly been placed in
nomination, and a shareholder has given notice at the meeting prior to the
actual voting of his intention to vote his shares cumulatively. Cumulative
voting allows you to give one nominee as many votes as is equal to the number
of directors to be elected, multiplied by the number of shares you own, or to
distribute your votes in the same fashion between two or more nominees. The
return of an executed proxy grants the Board of Directors the discretionary
authority to also cumulate votes.


<P align="left" style="font-size: 10pt"><B>Can I Change My Vote After I Return My Proxy Card?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes. Even after you have submitted your proxy, you may change your vote
at any time before the proxy is exercised if you file with CVB Financial&#146;s
Secretary either a notice of revocation or a duly executed proxy bearing a
later date. The powers of the proxy holders will be suspended if you attend
the meeting in person and so request, although attendance at the meeting will
not by itself revoke a previously granted proxy.


<P align="left" style="font-size: 10pt"><B>How Do I Vote In Person?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you plan to attend the meeting and vote in person, we will give you a
ballot form when you arrive. However, if your shares are held in the name of
your broker, bank or other nominee, you must bring a legal proxy from your
broker, bank or other nominee to vote the shares at the meeting.


<P align="left" style="font-size: 10pt"><B>What Constitutes A Quorum?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The presence at the meeting, in person or by proxy, of the holders of a
majority of the shares of common stock outstanding on the record date will
constitute a quorum, permitting the conduct of business at the meeting.
Proxies which are marked as abstentions will be included in the calculation of
the number of shares considered to be present at the meeting.


<P align="left" style="font-size: 10pt"><B>What Vote Is Required For Each Proposal?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The seven nominees for director who receive the most votes will be
elected. So, if you do not vote for a particular nominee or you indicate
&#147;withhold authority to vote&#148; for a particular nominee on your proxy card, your
vote will not count either &#147;for&#148; or &#147;against&#148; the nominee. In order to ratify
the selection of independent accountants, the proposal must receive the
affirmative vote of a majority of the votes represented and voting at the
annual meeting (which shares voting affirmatively also must be at least a
majority of the required quorum). So, if you &#147;abstain&#148; from voting on the
proposal to ratify the selection of our accountants, it will have no effect
unless shares constituting a majority of the required quorum do not vote
affirmatively, in which case abstentions will have the effect of a vote
&#147;against&#148; the proposal.


<P align="left" style="font-size: 10pt"><B>What Are The Costs of Solicitation of Proxies?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will bear the costs of this solicitation, including the expense of
preparing, assembling, printing and mailing this Proxy Statement and the
material used in this solicitation



<P align="center" style="font-size: 10pt">4
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">of proxies. The proxies will be solicited principally through the mails,
but CVB Financial&#146;s directors, officers and regular employees may solicit
proxies personally or by telephone. Although there is no formal agreement to
do so, we may reimburse banks, brokerage houses and other custodians, nominees
and fiduciaries for their reasonable expense in forwarding these proxy
materials to their principals. In addition, we may pay for and utilize the
services of individuals or companies we do not regularly employ in connection
with the solicitation of proxies.


<!-- link1 "STOCK OWNERSHIP" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt"><B>STOCK OWNERSHIP</B>



<P align="left" style="font-size: 10pt"><B>Who Are The Largest Owners of CVB Financial&#146;s Common Stock?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table shows the beneficial ownership of common stock as of
March&nbsp;25, 2004 by each person we know to be the beneficial owner of more than
five percent of the outstanding shares of common stock based on information
these persons have filed with the Securities and Exchange Commission on
Schedule&nbsp;13G (as adjusted for our 10% stock dividend paid to shareholders of
record on January&nbsp;2, 2004). &#147;Beneficial ownership&#148; is a technical term broadly
defined by the Securities and Exchange Commission to mean more than ownership
in the usual sense. So, for example, you beneficially own CVB Financial&#146;s
common stock not only if you hold it directly, but also if you indirectly,
through a relationship, contract or understanding, have, or share, the power to
vote the stock, to sell it or you have the right to acquire it within 60&nbsp;days
of March&nbsp;25, 2004:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Common Stock</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Address</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Beneficially Owned</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percent</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of Shares</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of Class</B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">George A. Borba<SUP>(1)</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">c/o Citizens Business Bank<BR>
701 N. Haven Avenue<BR>
Ontario, CA 91764
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,678,598</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John Vanderschaaf<SUP>(2)</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">c/o Citizen Business Bank<BR>
701 N. Haven Avenue<BR>
Ontario, CA 91764
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,457,859</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5</TD>
    <TD nowrap valign="top">%</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"><B>How Much Stock Do CVB Financial&#146;s Directors and Officers own?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table shows the beneficial ownership of CVB Financial&#146;s
common stock as of March&nbsp;25, 2004 by (i)&nbsp;our Chief Executive Officer and
President; (ii)&nbsp;our four most other highly compensated executive officers in
2003; (iii)&nbsp;each director, all of whom are also nominees for director and (iv)
by all directors and executive officers as a group.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><HR align="left" size="1" noshade width="18%"></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><SUP>(1)</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Includes 59,762 shares Mr.&nbsp;Borba has the right to acquire within 60&nbsp;days after March&nbsp;25, 2004.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><SUP>(2)</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Includes 31,403 shares which Mr.&nbsp;Vanderschaaf has the right to acquire within 60&nbsp;days after March&nbsp;25, 2004.</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">5
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="72%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Common Stock</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Beneficially Owned</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percent</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of Shares<SUP>(1)</SUP></B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Of Class<SUP>(2)</SUP></B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">George A. Borba<SUP>(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Chairman of the Board and Nominee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,678,598</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.8</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">John A. Borba<SUP>(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Director and Nominee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,437,231</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.0</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Ronald O. Kruse<SUP>(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Director and Nominee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,124,132</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">John J. LoPorto<SUP>(4)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Director and Nominee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">990,808</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">James C. Seley<SUP>(5)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Director and Nominee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">157,882</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">San E. Vaccaro<SUP>(6)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Director and Nominee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">293,299</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">D. Linn Wiley<SUP>(7)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">President, Chief
Executive Officer, Director and Nominee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">591,357</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.2</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Frank Basirico<SUP>(8)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Executive Vice President</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,564</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Edward J. Biebrich, Jr.<SUP>(9)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Executive Vice President and
Chief Financial Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104,567</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Jay W. Coleman<SUP>(10)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Executive Vice President</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">216,785</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Edwin Pomplun<SUP>(11)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Executive Vice President</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61,836</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Current Directors and Executive Officers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">(11 persons)<SUP>(12)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,667,059</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24.3</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><HR align="left" size="1" noshade width="18%"></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Less than 1%.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(1)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Except as otherwise noted below, each person directly or indirectly has
sole or shared voting and investment power (as community property and/or
with such person&#146;s spouse) with respect to the shares listed.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(2)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>The percentage for each of these persons or group is based upon the total
number of shares of CVB Financial&#146;s Common Stock outstanding as of March
25, 2004 plus the shares which the respective individual or group has the
right to acquire within 60&nbsp;days after March&nbsp;25, 2004 by the exercise of
stock options.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(3)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 59,762 shares which each individual can acquire within 60&nbsp;days
after March&nbsp;25, 2004 by the exercise of stock options.</I></TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">6
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(4)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 59,762 shares which Mr.&nbsp;LoPorto can acquire within 60&nbsp;days after
March&nbsp;25, 2004 by exercise of stock options. Includes 4,010 shares held
by Mr.&nbsp;LoPorto as custodian for his grandchildren, and 61,095 held by Mr.
LoPorto as executor for a family estate.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(5)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 153,971 shares which Mr.&nbsp;Seley can acquire within 60&nbsp;days after
March&nbsp;25, 2004 by the exercise of stock options and 1,557 shares which Mr.
Seley shares ownership over through an investment club.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(6)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 130,326 shares which Mr.&nbsp;Vaccaro can acquire within 60&nbsp;days
after March&nbsp;25, 2004 by the exercise of stock options.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(7)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 41,357 shares which Mr.&nbsp;Wiley can acquire within 60&nbsp;days after
March&nbsp;25, 2004 by the exercise of stock options.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(8)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 10,654 shares which Mr.&nbsp;Basirico can acquire within 60&nbsp;days
after March&nbsp;25, 2004 by the exercise of stock options.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(9)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 90,537 shares which Mr.&nbsp;Biebrich can acquire within 60&nbsp;days
after March&nbsp;25, 2004 by the exercise of stock options. Also includes
1,567 shares held by Mr.&nbsp;Biebrich&#146;s spouse over which Mr.&nbsp;Biebrich shares
voting and investment power.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(10)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 2,682 shares which Mr.&nbsp;Coleman can acquire within 60&nbsp;days after
March&nbsp;25, 2004 by the exercise of stock options.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(11)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 59,040 shares which Mr.&nbsp;Pomplun can acquire within 60&nbsp;days after
March&nbsp;25, 2004 by the exercise of stock options.</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>(12)</I>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Includes 727,615 shares which members of the group can acquire within 60
days after March&nbsp;25, 2004 by the exercise of stock options.</I></TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>CORPORATE GOVERNANCE PRINCIPLES AND BOARD MATTERS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors is committed to good business practices,
transparency in financial reporting and the highest level of corporate
governance. To that end, over the course of a number of months, the Board has
reviewed its governance policies and practices, as well as the requirements of
the Sarbanes-Oxley Act of 2002 and the listing standards of the Nasdaq Stock
Market. As a result of this review, we have adopted Corporate Governance
Principles, which among other things, provide for:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least a majority of independent directors</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Audit, compensation and nominating/corporate governance committees
consisting</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>solely of independent directors</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Periodic executive sessions of non-management directors</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An annual self-evaluation process for the Board and its committees</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Ethical conduct of directors</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Director access to officers and employees</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt">7
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Director access to independent advisors;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Periodic review of a management succession plan; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Methodology for reporting concerns to non-employee directors or the Audit Committee</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A copy of our Corporate Governance Principles is attached hereto as
Appendix&nbsp;A and is available on our website at www.cbbank.com under the tab
&#147;Investor Relations&#148; and then &#147;Corporate Governance.&#148;


<P align="left" style="font-size: 10pt"><B>Board Selection Process</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We recently established a Nominating and Corporate Governance Committee.
This committee will assist the Board in director selection, review and
consideration of developments in corporate governance practices. This
committee will also recommend to the Board director nominees for each Board
committee, and will review director candidates submitted by shareholders. The
Nominating and Corporate Governance Committee is responsible for annually
reviewing and evaluating with the Board the appropriate skills and
characteristics required of Board members in the context of the current
composition of the Board and our goals for nominees to the Board, including
nominees who are current Board members. The Nominating and Corporate
Governance Committee has the authority to utilize third party providers, as
appropriate, to assist it in fulfilling its Board selection function.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In identifying and evaluating nominees for director, the goals of the
Nominating and Corporate Governance Committee include maintaining a strong and
experienced Board by continually assessing the Board&#146;s business background,
current responsibilities, community involvement, commitment to CVB (including
meaningful ownership of our common stock with a market value of at least
$100,000) and time available for service and independence. Other important
factors the Nominating and Corporate Governance Committee will consider in
evaluating nominees include current knowledge and contacts in CVB&#146;s industry
and other industries relevant to CVB&#146;s business, ability to work together with
other Board members and ability to commit adequate time to serve as a director.


<P align="left" style="font-size: 10pt"><B>Consideration of Shareholder Nominees</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The policy of the Nominating and Governance Committee is to consider
properly submitted shareholder nominations for candidates for membership on the
Board of Directors. In evaluating nominees, the Nominating and Governance
Committee will look at the same factors described under the heading &#147;Board
Selection Process&#148; that it uses for nominees which come to its attention from
persons other than the Board of Directors. Recommendations must be submitted
in writing to the attention of the Chair of the Nominating Committee at the
following address:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

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    <TD width="32%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CVB Financial Corp.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">701 N. Haven Avenue, Suite&nbsp;350
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ontario, California 91764</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Shareholders should include in such recommendation, (a)&nbsp;the name and address of
each proposed nominee; (b)&nbsp;the principal occupation of each proposed nominee;
(c)&nbsp;the number of shares of




<P align="center" style="font-size: 10pt">8
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">voting stock of the Company owned by each proposed nominee and the notifying
shareholder; (d)&nbsp;the name and residence address of the notifying shareholder;
(e)&nbsp;and a letter from the proposed nominee indicating that such proposed
nominee wishes to be considered as a nominee for the CVB Financial Board of
Directors and will serve as a member of the CVB Financial Board if elected. In
addition, each recommendation must set forth in detail the reasons why the
notifying shareholder believes the proposed nominee meets the criteria set
forth in the Nominating and Governance Charter for serving on the Company&#146;s
Board of Directors.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, our Bylaws permit shareholders to nominate directors for
consideration at an annual meeting. For a description of the process, see the
&#147;Notice of 2004 Annual Meeting of Shareholders&#148; included herein.


<P align="left" style="font-size: 10pt"><B>Executive Sessions</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive sessions of non-management directors will be held at least three
times a year. The person who presides at these meetings will be chosen by the
independent directors.


<P align="left" style="font-size: 10pt"><B>Attendance at Annual Meetings</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board encourages all of its members to attend the annual meeting of
shareholders. At the 2003 annual meeting of shareholders, all of our directors
attended the annual meeting of shareholders.


<P align="center" style="font-size: 10pt"><B>DISCUSSION OF PROPOSALS RECOMMENDED BY THE BOARD</B>


<!-- link1 "Proposal 1: Election of Directors" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="center" style="font-size: 10pt"><B>Proposal 1: Election of Directors</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have nominated seven directors for election at the annual meeting,
which is the number of slots fixed for the election of directors.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will nominate the persons named below, all of whom are present members
of CVB Financial Corp.&#146;s Board of Directors, for election to serve until the
2005 Annual Meeting of Shareholders and until their successors have been
qualified. Each of these persons is also a member of the Board of Directors of
our principal subsidiary, Citizens Business Bank. With the exception of Mr.
Wiley, each of these directors is &#147;independent&#148; within the meaning of the rules
and regulations promulgated by the Nasdaq Stock Market and has been determined
to be &#147;independent&#146; by our Board of Directors. The Board will cast its votes
to effect the election of these nominees. If any nominee is unable to serve,
your proxy may vote for another nominee proposed by the Board.



<P align="center" style="font-size: 10pt">9
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt"><B>The Nominees</B>


<P align="left" style="font-size: 10pt">The directors standing for reelection are:


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="41%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
<TD nowrap align="center"><B>Year First Elected</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Principal Occupation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>or Appointed</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name and Position</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>For Past Five Years</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Age</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>a Director</B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">George A. Borba<SUP>(1)</SUP><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman of the Board
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Dairy Farmer,<BR>
George Borba &#038; Son<BR>
Dairy
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">71</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1981</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John A. Borba<SUP>(1)</SUP><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Dairy Farmer, John<BR>
Borba &#038; Sons
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">76</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1981</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ronald O. Kruse<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice Chairman of the
Board<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, Kruse
Investment Co.,
Inc. and Feed
Commodities, LLC
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">65</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1981</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John J. LoPorto<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Investor
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">71</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1981</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">James C. Seley<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Partner, Seley &#038;
Co. (commodity
merchant)
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">62</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1996</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">San Vaccaro<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attorney
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">71</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1999</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">D. Linn Wiley<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President, Chief
Executive<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer
and Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief
Executive Officer,
CVB Financial Corp.
and Citizens
Business Bank
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">65</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1991</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P>

<HR size="1" width="18%" align="left" noshade>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right"><I>(1)</I></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%"><I>George A. Borba and John A. Borba are brothers.</I></TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt"><B>The Board of Directors and Committees</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors oversees our business and affairs. The Board also
has three (3)&nbsp;standing committees: an Audit Committee, a Compensation Committee
and a Nominating/Corporate Governance Committee.


<P align="left" style="font-size: 10pt"><B>Nominating/Corporate Governance Committee</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors has a Nominating and Corporate Governance Committee
consisting of Messrs.&nbsp;George Borba, John Borba, Ronald Kruse, John LoPorto,
James Seley and San Vaccaro. Each of the members of the Nominating and
Corporate Governance Committee is independent within the meanings of the rules
and regulations of the Nasdaq Stock Market.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As set forth above, the Nominating and Governance Committee:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>assists the Board by identifying individuals
qualified to become Board members;</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt">10
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>recommends to the Board the director nominees for
the next annual meeting;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>recommends to the Board director nominees for
each committee; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>develops and recommends a set of corporate
governance principles applicable to the Company.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other specific duties and responsibilities of the Nominating/Governance
Committee include: retaining and terminating any search firm to identify
director candidates; receiving communications from shareholders regarding any
matters of concern; recommend to the Board directors for each committee; and
reviewing and reassessing the adequacy of its charter and its own performance
on an annual basis. The procedures for nominating directors, other than by the
Board of Directors itself, are set forth in the bylaws and reprinted in the
Notice of Annual Meeting of Shareholders. The Charter of the Nominating and
Corporate Governance Committee is attached hereto as Appendix&nbsp;B and is
available on our website at www.cbbank.com under the tab &#147;Investor Relations&#148;
and then &#147;Corporate Governance.&#148;


<P align="left" style="font-size: 10pt"><B>Communications with the Board</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders wishing to contact the Company&#146;s Board of Directors,
including a committee of the Board, may do so by writing to the following
address to the attention of the Board or a committee of the Board at:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Board of Directors</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CVB Financial Corp.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">701 North Haven Avenue, Suite&nbsp;350
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ontario, California, 91764</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All communications sent to the Board of Directors will be communicated
with the entire Board of Directors unless the Chairman of the Board reasonably
believes communication with the entire Board of Directors is not appropriate or
necessary or the communication is intended only for a specific committee.
Shareholders wishing to communicate solely with non-management directors may do
so by writing to the foregoing address and sending their communication to the
attention of the Nominating and Corporate Governance Committee.


<P align="left" style="font-size: 10pt"><B>Audit Committee</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The audit committee of the board is composed of five (5)&nbsp;members and
operates under a written charter adopted by the board of directors. The Audit
Committee is a separately designated standing Audit Committee established in
accordance with Section&nbsp;3(a)(58)(A) of the Security Exchange Act of 1934, as
amended. Each of the members of the Audit Committee is independent with the
meaning of the rules and regulations of the Nasdaq Stock Market.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purpose of the Audit Committee is to oversee and monitor (i)&nbsp;the
integrity of our financial statements and its systems of internal accounting
and financial controls; (ii)&nbsp;our compliance with applicable legal and
regulatory requirements; (iii)&nbsp;our independent auditor qualifications and
independence; (iv)&nbsp;the performance of our internal audit function and



<P align="center" style="font-size: 10pt">11
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">independent auditors and (v)&nbsp;the performance of our internal audit
function and independent auditors. The Board of Directors has determined that
Mr.&nbsp;San Vaccaro is the Company&#146;s audit committee financial expert within the
meaning of the rules and regulations of the Securities and Exchange Commission.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee has sole authority to appoint or replace the
independent auditors (including oversight of audit partner rotation). The
Audit Committee is also directly responsible for the compensation and oversight
of the work of the independent auditors. The independent auditors report
directly to the Audit Committee. Among other things, the Audit Committee
prepares the audit committee report for inclusion in the annual proxy
statement, reviews and discusses with management and the independent auditor
our independent certified audits; reviews and discusses with management and the
independent auditor quarterly and annual financial statements; reviews the
adequacy and effectiveness of our disclosure controls and procedures; prepares
all auditing and permitted non-auditing services; reviews significant findings
by bank regulators and management&#146;s response thereto; establishes procedures to
anonymously and confidentially handle complaints we receive regarding auditing
matters and accounting and internal accounting controls; and handles the
confidential, anonymous submission to it by employees of the Company of
concerns regarding questions to accounting or auditing matters. The Audit
Committee also has authority to retain independent legal, accounting and other
advisors as the Audit Committee deems necessary or appropriate to carry out its
duties. The Audit Committee held 15 meetings during 2003.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The report of the Audit Committee is included below. The charter of the
Audit Committee is attached hereto as Appendix&nbsp;C.


<P align="left" style="font-size: 10pt"><B>Audit Committee Report</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The following Report of the Audit Committee does not constitute soliciting
material and should not be deemed filed or incorporated by reference into any
of our other filings under the Securities Act of 1933 or under the Securities
Exchange Act of 1934, except to the extent we specifically incorporate this
Report by reference.</I>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The audit committee reports to the board and is responsible for overseeing
and monitoring financial accounting and reporting, the system of internal
controls established by management and the audit process of CVB Financial Corp.
The Audit Committee manages the Company&#146;s relationship with its independent
auditors (who report directly to the Audit Committee).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In discharging its oversight responsibility, the audit committee has met
and held discussions with management and Deloitte &#038; Touche, LLP, the
independent auditors for CVB Financial Corp., regarding the audited financial
statements. Management represented to the audit committee that all
consolidated financial statements were prepared in accordance with generally
accepted accounting principles, and the audit committee has reviewed and
discussed the consolidated financial statements with management and the
independent auditors. The audit committee discussed with the independent
auditors matters required to be discussed by Statement on Auditing Standards
No.&nbsp;61 (<I>Communications with Audit Committees</I>).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The audit committee also obtained from the independent auditors a formal
written statement describing all relationships between CVB Financial Corp. and
the auditors that bear on



<P align="center" style="font-size: 10pt">12
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">the auditors&#146; independence consistent with Independence Standards Board
Standard No.&nbsp;1, <I>Independence Discussions with Audit Committee</I>. The audit
committee discussed with the independent auditors any relationships that may
impact on the firm&#146;s objectivity and independence and satisfied itself as to
the auditors&#146; independence.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on these discussions and reviews, the audit committee recommended
that the Board of Directors approve the inclusion of CVB Financial Corp.&#146;s
audited consolidated financial statements in the Annual Report on Form 10-K for
the year ended December&nbsp;31, 2003, for filing with the Securities and Exchange
Commission.

<P align="left" style="font-size: 10pt">Respectfully submitted by the members of the audit committee of the Board of
Directors:



<P align="left" style="font-size: 10pt">Dated: March&nbsp;17, 2004


<P align="left" style="font-size: 10pt"><B>THE AUDIT COMMITTEE</B>



<P align="left" style="font-size: 10pt">JOHN A. BORBA, Chairman<BR>
RONALD O. KRUSE<BR>
JOHN LOPORTO<BR>
JAMES C. SELEY<BR>
SAN VACCARO


<P align="left" style="font-size: 10pt"><B>The Compensation Committee</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December, 2003, the Board of Directors of the Company adopted a charter
for a Compensation Committee to replace its Personnel Committee and Stock
Option Committee. The Compensation Committee&#146;s responsibilities are to oversee
the Company&#146;s compensation and employee benefit plans and practices, including
its executive compensation plans and its incentive-compensation and
equity-based plans. This committee is composed of Messrs.&nbsp;G. Borba, J. Borba,
R. Kruse, J. LoPorto, J. Seley and S. Vaccaro. Each of the members of the
Compensation Committee is independent within the meaning of the rules and
regulations of the Nasdaq Stock Market.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2003, Mr.&nbsp;George Borba chaired the Personnel Committee, which held
three (3)&nbsp;meetings during 2003. Messrs.&nbsp;G. Borba, J. Borba, R. Kruse, J.
LoPorto, J. Seley and S. Vaccaro are also members of this committee. This
committee approved issues related to the compensation of the officers and
employees of Citizens Business Bank.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2003, Mr.&nbsp;LoPorto chaired the Stock Option Committee, which held five
(5)&nbsp;meetings during 2003. Messrs.&nbsp;J. Borba, Kruse, Seley and Vacarro also
served on this committee in 2003. The Stock Option Committee administered our
stock option plan, including making decisions regarding the grant of options.


<P align="center" style="font-size: 10pt">13
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>The Number of Meetings Attended</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During 2003, CVB Financial&#146;s Board of Directors held fourteen (14)
meetings, and the Board of Directors of Citizens Business Bank held fourteen
(14)&nbsp;meetings. All of the directors of CVB Financial and Citizens Business
Bank during 2003 attended at least 75% of the aggregate of (i)&nbsp;the total number
of CVB Financial and Citizens Business Bank Board meetings and (ii)&nbsp;the total
number of meetings held by all committees of the Board of Directors of CVB
Financial or Citizens Business Bank on which he served during 2003.

<!-- link1 "EXECUTIVE COMPENSATION" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXECUTIVE COMPENSATION</B>



<P align="left" style="font-size: 10pt"><B>How Do We Compensate Executive Officers?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Summary of Cash and Certain Other Compensation</I>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The tables on pages 15 through 16 show salaries and bonuses paid during
the last three years and 2003 fiscal year-end option values for our Chief
Executive Officer and our next four most highly compensated executive officers
who are our &#147;named executive officers.&#148;



<P align="center" style="font-size: 10pt">14
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>SUMMARY COMPENSATION TABLE</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="58%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Long-Term</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Compensation</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11"><B>Annual Compensation</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Awards</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Other Annual</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>All Other</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name and Principal Position</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Year</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Salary($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Bonus($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Compensation($)(1)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options(2)(#)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Compensation($)(3)</B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><B>D. LINN WILEY</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">438,420</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">348,566</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">President
and Chief Executive Officer of the</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">414,507</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">362,544</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Company and the Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2001</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">414,182</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">364,370</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,600</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><B>EDWARD J. BIEBRICH, Jr.</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">192,311</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87,001</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Chief
Financial Officer of the Company and</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">180,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81,439</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,375</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Executive Vice President/Chief Financial Officer of the Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2001</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">179,506</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77,571</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,600</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 0em; background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><B>FRANK BASIRICO</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">203,811</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80,393</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Executive Vice President and Senior Loan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">178,961</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76,545</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,375</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-0px">Officer of the Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2001</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">176,256</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,600</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><B>JAY W. COLEMAN</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">196,404</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77,265</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Executive
Vice President of Sales and Service</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">182,313</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82,294</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,375</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD><DIV style="margin-left:10px; text-indent:-0px">Division of the Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2001</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">181,632</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,941</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,600</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 0em; background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><B>EDWIN POMPLUN</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">170,323</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,590</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,782</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Executive Vice President and Trust Division</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">142,521</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,375</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,240</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-0px">Manager of the Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2001</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">141,255</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,488</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,600</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>





<P>

<HR size="1" width="18%" align="left" noshade>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right"><I>(1)</I></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%"><I>The amount of the aggregate of the other annual compensation did
not exceed the lesser of $50,000 or 10% of the total of annual salary
and bonus for the particular executive officer.</I></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right"><I>(2)</I></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%"><I>Represents stock options we granted, retroactively adjusted,
as appropriate, for the10% stock dividend distributed in January
2004 and the five for four stock splits effective in January
2003.</I></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right"><I>(3)</I></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%"><I>Represents amounts Citizens Business Bank contributed to the
Profit Sharing Plan and allocated to the Named Executives&#146; vested or
unvested account under such plan.</I></TD>
</TR>

</TABLE>




<P align="center" style="font-size: 10pt">15
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Option Grants in 2003</I>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There were no option grants to our named executive officers during 2003.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Option Exercises and Holdings</I>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table provides information with respect to the exercise of
stock options during 2003 by our named executive officers and the value of
unexercised options at December&nbsp;31, 2003.


<P align="center" style="font-size: 10pt"><B>Aggregated Option<SUP>(1)</SUP> Exercises in Fiscal Year 2003<BR>
and Fiscal Year-End Option Values</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Value of Unexercised</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Number of Unexercised Options</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>In-the-Money Options at</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares Acquired</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>at 12/31/03 (#)<SUP>(2)</SUP></B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>12/31/03 ($)<SUP>(3)</SUP></B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>on Exercise<SUP>(2)</SUP></B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(#)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Value Realized ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercisable</B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">D. Linn Wiley</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55,248</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">525,045</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,357</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,907</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">437,805</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">203,061</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Frank Basirico</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,654</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74,589</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">173,208</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Edward J. Biebrich, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90,537</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">842,626</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">173,208</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Jay W. Coleman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,545</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">228,716</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">173,208</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Edwin Pomplun</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59,040</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,282</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">798,873</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68,043</TD>
    <TD>&nbsp;</TD>
</TR>


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</TABLE>
</DIV>




<P>

<HR size="1" width="18%" align="left" noshade>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right"><I>(1)</I></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%"><I>We have no plans pursuant to which stock appreciation rights may be
granted.</I></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right"><I>(2)</I></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%"><I>Retroactively adjusted for the ten percent stock dividend effective in
January&nbsp;2004.</I></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right"><I>(3)</I></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%"><I>Value of unexercised &#147;in-the-money&#148; options is the difference between the
fair market value of the securities underlying the options and the
exercise or base price of the options as of December&nbsp;31, 2003.</I></TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt"><B>Employment Agreement with Our President and Chief Executive Officer</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On August&nbsp;8, 1991, we entered into a renewing one year employment
agreement with Mr.&nbsp;Wiley which sets forth his compensation as President and
Chief Executive Officer of CVB Financial and Citizens Business Bank. The
agreement provides for an annual base salary of at least $300,000. Mr.&nbsp;Wiley&#146;s
base salary for 2003 was set at $436,800. This base salary is reviewed and
adjusted on an annual basis at the discretion of the Board of Directors. The
agreement further provides for Mr.&nbsp;Wiley to receive an annual bonus of $200,000
for each year after 1991, although Mr.&nbsp;Wiley&#146;s actual bonus may be more or less
than $200,000 depending on the attainment of certain performance goals. In the
event there is a change in control of CVB Financial, or Mr.&nbsp;Wiley is terminated
for any reason, other than for cause, he is entitled to receive a sum equal to
one year&#146;s base salary at the rate being paid to him at the time he is
terminated, unless he accepts employment with the acquiring company.
Additionally, the agreement provides for the use of an automobile, a country
club membership, participation in the Bank&#146;s Profit Sharing Plan and medical
and life insurance benefits. In 2003, Mr.&nbsp;Wiley agreed



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<P align="left" style="font-size: 10pt">that he would continue to serve CVB for an additional three years under
the same terms of his existing employment agreement.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, pursuant to the terms of our 1991 Stock Option Plan and 2000
Stock Option Plan, upon a reorganization, merger, or consolidation of CVB
Financial with one or more corporations as a result of which we will not be the
surviving or resulting corporation, or a sale of substantially all the assets
of CVB Financial to another person, or a reverse merger in which we are the
surviving corporation but the shares of our stock outstanding immediately
preceding the merger are converted by virtue of the merger into other property,
all outstanding unvested options Mr.&nbsp;Wiley may hold under our 1991 and 2000
Stock Option Plans will become immediately exercisable.


<P align="left" style="font-size: 10pt"><B>Severance Compensation Agreements with Certain Other Executive Officers</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizens Business Bank has entered into severance compensation agreements
with its executive officers (other than Mr.&nbsp;Wiley). These agreements provide
that in the event a &#147;Change of Control,&#148; as described below, occurs during the
executive&#146;s employment and (i)&nbsp;the executive&#146;s employment is terminated by us
or Citizens Business Bank or any successor, other than for cause, within one
year of the completion of such Change of Control, or (ii)&nbsp;the executive
terminates or resigns employment for Good Reason, as described below, within
one year of the completion of a Change in Control, the executive shall receive
an amount equal to twice (2x) the executive&#146;s annual base compensation plus two
times (2&#215;) the average of the last two years&#146; bonuses paid to the executive for
the last calendar year immediately preceding the Change in Control. This
amount will be paid in a lump sum within five days after the effective date of
termination of the executive&#146;s employment.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A &#147;Change in Control&#148; occurs if, among other things:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;any person or group, other than a director serving as such on the date
of the severance compensation agreement, acquires (or has acquired during the
12&nbsp;month period ending on the date of the most recent acquisition) ownership of
stock of CVB Financial or Citizens Business Bank possessing more than 50% of
the total voting power of CVB Financial or Citizens Business Bank stock;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;majority of the members of CVB Financial&#146;s or Citizens Business
Bank&#146;s directors is replaced during any 12&nbsp;month period by directors whose
appointment or election is not endorsed by a majority of the members of CVB
Financial&#146;s or Citizens Business Bank&#146;s board prior to the date of the
appointment or election;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;a merger occurs where the holders of Citizens Business Bank&#146;s or CVB
Financial Corp.&#146;s voting stock immediately prior to the effective date of such
merger own less than 50% of the voting stock of the entity surviving such
merger; or


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;any one person or group, acquires (or has acquired during the twelve
month period ending on the date of the most recent acquisition by such person
or persons) assets from Citizens Business Bank that have a total fair market
value greater than 50% of the total fair market value of all of Citizens
Business Bank&#146;s assets immediately before the acquisition or acquisitions. A
transfer of assets will not be treated as a change in the ownership of such
assets if the assets are transferred to:




<P align="center" style="font-size: 10pt">17
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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;an entity, 50% or more of the total value or voting power of which is
owned directly or indirectly by CVB Financial or Citizens Business Bank prior
to the acquisition;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;a person, or more than one person acting as a group, that owns,
directly or indirectly, 50% or more of the total value or voting power of all
the outstanding stock of CVB Financial or Citizens Business Bank prior to the
acquisition; or


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)&nbsp;an entity, at least 50% of the total value or voting power is owned,
directly or indirectly by a person who owns, directly or indirectly, 50% or
more of the total value or voting power of all the outstanding stock of
Citizens Business Bank prior to the acquisition.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Good Reason&#148; includes (i)&nbsp;the executive&#146;s then current level of annual
base salary or employee benefit coverage is reduced; (ii)&nbsp;the executive suffers
a material diminution in, among others, title, authority or responsibilities;
or (iii)&nbsp;the executive&#146;s principal business office is relocated by more than
fifty miles from its existing location.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, pursuant to the terms of CVB Financial&#146;s 1991 and 2000 Stock
Option Plans, upon a reorganization, merger, or consolidation of CVB Financial
with one or more corporations as a result of which CVB Financial will not be
the surviving or resulting corporation, or a sale of substantially all the
assets of CVB Financial to another person, or a reverse merger in which CVB
Financial is the surviving corporation but the shares of CVB Financial&#146;s stock
outstanding immediately preceding the merger are converted by virtue of the
merger into other property, all outstanding unvested options become immediately
exercisable.


<P align="left" style="font-size: 10pt"><B>Report on Executive Compensation</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The Report of the Compensation Committee should not be deemed
incorporated by reference into any filing under the Securities Act of 1933 or
under the Securities Exchange Act of 1934, except to the extent that we
specifically incorporate the information contained in the report by reference.</I>

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<P align="center" style="font-size: 10pt"><B>REPORT OF THE COMPENSATION COMMITTEE</B>



<P align="left" style="font-size: 10pt"><B>What is Our Philosophy on Executive Compensation?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have adopted a basic philosophy and practice of offering a compensation
program designed to attract and retain highly qualified employees. We have
engaged a consulting firm to analyze our compensation practices. Our
compensation practices encourage and motivate these individuals to achieve
superior performance. This underlying philosophy pertains specifically to
executive compensation, as well as employee compensation at all other levels
throughout the organization.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are three principal components of the executive compensation
program. They include base salary compensation, bonus compensation (performance
compensation) and long-term incentive compensation.


<P align="left" style="font-size: 10pt"><B>Base Salary</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 2003, we determined the base salary compensation for each of our
executive officers. This includes all of the named executives. We predicate the
base salary on the



<P align="center" style="font-size: 10pt">18
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<P align="left" style="font-size: 10pt">executive&#146;s ability, experience and past and potential performance and
contribution to CVB Financial and Citizens Business Bank. The base salary
range is based, in part, on our analysis of salary surveys from the California
Bankers Association and the Salary Information Retrieval System survey prepared
by Organization Resource Counselors, Inc. Furthermore, we establish the base
salary so that we will have the ability to increase these base salaries in
future years based on the executive&#146;s performance.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will evaluate and adjust each executive&#146;s base salary and incentive
compensation, if appropriate, in subsequent years, based on future salary
surveys, comparable salary information and other considerations. Base salary
adjustments and incentive compensation changes for each executive will be
predicated primarily on performance. We conduct performance evaluations at
least annually. We base the evaluations on results achieved. These results
are measured against specific performance standards established at the
beginning or during the course of the year. For example, specific performance
standards include, among other things, deposit growth, loan growth, fee income,
expense control, net earnings, return on equity and return on assets.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2003, we commissioned a comprehensive salary survey for our senior
managers and executive officers from the Semler Brossy Consulting Group. The
salary survey reviewed the competitiveness of our branch managers&#146; and
executive officers&#146; salaries, bonuses, benefits and employment agreement
arrangements against a peer-group of similarly sized, high-performing regional
commercial banking organizations in order to analyze pay and performance for
the top executive group against similar performing banks. The Compensation
Committee and the Board of Directors have reviewed the findings and made the
appropriate adjustments.


<P align="left" style="font-size: 10pt"><B>Bonus</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have previously based bonus or incentive compensation on Citizens
Business Bank&#146;s return on equity and other specific performance criteria. On
an ongoing basis, bonus compensation will be based on CVB Financial Corp&#146;s.
Return on equity and other specific performance criteria. Citizens Business
Bank must achieve a minimum return on equity for anyone to be eligible for a
bonus. This criterion provided for a minimum return on average equity of 15%
for 2003. Citizens Business Bank&#146;s actual return on average equity for 2003
was 19.17%. The individual performance objectives and standards relate to
specific results where the executive has substantial influence and
accountability.


<P align="left" style="font-size: 10pt"><B>What Kind of Long-Term Incentive Compensation does CVB Financial Offer?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have two compensation plans that provide long-term incentives for our
executive officers. They include a Stock Option Plan and a Profit Sharing
Plan.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The 2000 Stock Option Plan aligns the interests of key employees,
including the Named Executives, with those of our shareholders. We provide
these employees with an incentive to achieve superior performance by granting
them long-term options to purchase CVB Financial Common Stock at a fixed
exercise price that equals the fair market value of the underlying stock on the
date of the grant. The Compensation Committee now administers the Stock Option
Plan (which was previously administered by our Stock Option Committee). This
committee has the authority to select the key employees eligible for the stock
options and the number of options they will receive. The members of the
Compensation Committee do not


<P align="center" style="font-size: 10pt">19
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<P align="left" style="font-size: 10pt">utilize any performance goals in determining the number of options to be
granted, nor do they consider the number of options previously granted to an
executive officer. Rather, the members base the award of stock options on
their own analysis of that employee&#146;s contribution to CVB Financial, including
an assessment of the employee&#146;s responsibilities, as well as the employee&#146;s
commitment to CVB Financial&#146;s future. The amount of compensation an optionee
may receive pursuant to the option is based solely on an increase in the value
of CVB Financial&#146;s common stock after the date of the grant or award.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2003, the Stock Option Committee did not grant any options to our named
executive officers. The committee believes that stock options granted under
the 2000 Stock Option Plan qualify for exclusion under Section 162(m) of the
Internal Revenue Code, which limits the deductibility of compensation paid to
certain executive officers, as performance-based compensation. We believe CVB
Financial Corp. should be able to continue to manage its compensation for
executive officers so as to preserve the related income tax deductions,
although individual exceptions may occur.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The CVB Financial Corp. 401(k) and Profit Sharing Plan primarily provides
retirement benefits to all eligible employees, including Named Executives. It
also has death and disability features.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For Profit Sharing, employees become eligible upon completing at least one
year of service and 1,000 hours of employment. Annual contributions are made
solely by CVB Financial. These contributions are entirely discretionary, and
are approved by the Board of Directors based on CVB Financials earnings and
return on equity. For 2003, CVB Financial contributed $1,247,888 or 5% of
total eligible employee base salary and bonus to the Profit Sharing Plan. We
allocate contributions proportionately to the accounts of plan participants
based on their base salaries and bonus. Plan participants become fully vested
in these amounts upon reaching seven years of service.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employees also receive a Qualified Non-Elective Contribution. Employees
are fully vested immediately. Annual contributions are made solely by CVB
Financial. These contributions are guaranteed to eligible 401(k) participants.
For 2003, CVB Financial Corp. contributed $889,857 or 3% of total eligible
employee base salary and bonus to the Qualified Non-Elective Contribution. We
allocate contributions proportionately to the accounts of plan participants on
their base salaries and bonus.


<P align="left" style="font-size: 10pt"><B>How Do We Compensate Our President and Chief Executive Officer?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Wiley, the President and Chief Executive Officer of CVB Financial and
the Bank, received compensation for his services during 2003 based primarily
upon his rights under his employment agreement with CVB Financial and Citizens
Business Bank. We discuss this contract under the heading &#147;Employment
Agreement with Our President and Chief Executive Officer.&#148; Mr.&nbsp;Wiley is also
eligible to receive a discretionary annual bonus pursuant to his employment
agreement. We base his bonus on specific performance achievements as outlined
above for other executive officers as well as other criteria. He received an
annual bonus of $348,506 or approximately 80% of base salary, for his services
in 2003. This bonus was predicated on return on average equity, deposit
growth, loan growth, fee income, turnover and operating efficiency. In
addition to the benefits his employment agreement provides, Mr.&nbsp;Wiley is an
eligible participant in our Profit Sharing Plan and an eligible participant
under our 2000



<P align="center" style="font-size: 10pt">20
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<P align="left" style="font-size: 10pt">Stock Option Plan. Mr.&nbsp;Wiley received a vested allocation of $16,000 for
2003 under our profit sharing plan. This represents his proportionate share of
the aggregate employer contribution authorized by the Board of Directors for
2003.



<P align="left" style="font-size: 10pt">Dated: March&nbsp;17, 2004


<P align="left" style="font-size: 10pt; margin-left: 50%">THE COMPENSATION COMMITTEE<BR>
GEORGE A. BORBA<BR>
JOHN A. BORBA<BR>
RONALD O. KRUSE<BR>
JOHN LoPORTO<BR>
JAMES C. SELEY<BR>
SAN E. VACCARO


<P align="left" style="font-size: 10pt"><B>How Do We Compensate Directors?</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We compensate our directors and the directors of Citizens Business Bank
with a fee for attendance at Board and committee meetings. Each director
received an annual retainer of $41,796 (payable in twelve equal installments)
for Board and Committee meetings, except for the Chairman of the Board (Mr.
George Borba) who received an annual retainer of $119,424 (payable in twelve
equal installments) for attendance at such meetings. Mr.&nbsp;Wiley does not
receive any fees for serving as a director of CVB Financial or Citizens
Business Bank. We paid a total of $328,404 in 2003 as directors&#146; fees. In
addition, all of CVB Financial directors are eligible to receive grants of
stock options under our 2000 Stock Option Plan<B>. </B>In 2003, the directors did not
receive any options to purchase CVB Common Stock.


<P align="left" style="font-size: 10pt"><B>Compensation Committee Interlocks and Insider Participation</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None of the members of the Compensation Committee or its predecessor
Committees, the Personnel Committee and Stock Option Committee during 2003 has
ever been an officer or employee of CVB Financial or any of its subsidiaries,
except for Mr.&nbsp;Wiley, who is the President and Chief Executive Officer of CVB
Financial and Citizens Business Bank and a former member of the Personnel
Committee. The Personnel Committee made all decisions regarding compensation
of executive officers during 2003, other than those related to stock options or
the base salary of Mr.&nbsp;Wiley. Mr.&nbsp;John Borba, a member of the Compensation
Committee (and a previous member of our Personnel Committee and Stock Option
Committee) has a son employed by Citizens Business Bank as a non-executive
officer. See &#147;Certain Relationships and Related Transactions.&#148;


<P align="center" style="font-size: 10pt">21
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<P align="left" style="font-size: 10pt"><B>Performance Graph</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following graph compares the yearly percentage change in CVB
Financial&#146;s cumulative total shareholder return (<I>stock price appreciation plus
reinvested dividends</I>) on Common Stock (i)&nbsp;the cumulative total return of the
Nasdaq National Market; and (ii)&nbsp;a published index comprised by Media General
Financial Services, Inc. of banks and bank holding companies in the &#147;Pacific
States,&#148; which are Alaska, Arizona, California, Hawaii, Montana, Nevada, North
Dakota, South Dakota, Oregon, Utah, Washington and Wyoming (the industry group
line depicted below). The graph assumes an initial investment of $100 and
reinvestment of dividends. Points on the graph represent the performance as of
the last business day of each of the years indicated. The graph is not
necessarily indicative of future price performance. On June&nbsp;11, 2001, CVB
Financial Corp&#146;s common stock ceased trading on the American Stock Exchange and
began trading on the Nasdaq National Market System on the following business
day.

<P align="left" style="font-size: 10pt"><I>The graph shall not be deemed filed or incorporated by reference into any
filing under the Securities Act of 1933 or under the Securities Exchange Act of
1934, except to the extent that we specifically incorporate this graph by
reference.</I>



<P align="center" style="font-size: 10pt"><IMG src="v97706dv9770607.gif" alt="(PERFORMANCE GRAPH)">



<P align="center" style="font-size: 10pt">Period Ended December&nbsp;31, 1998 Through December&nbsp;31, 2003



<P align="center" style="font-size: 10pt"><B>COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>1999</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2000</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2001</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2002</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2003</B></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">CVB Financial Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99.23</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">154.99</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">214.77</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">230.69</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Industry Index</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">101.96</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117.98</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">133.94</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">129.97</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">196.83</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Nasdaq Market
Index</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">176.37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">110.86</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88.37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61.64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92.68</TD>
    <TD>&nbsp;</TD>
</TR>


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</DIV>




<P align="center" style="font-size: 10pt">22
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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt"><B>Certain Relationships and Related Transactions</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Some of the directors and executive officers of CVB Financial and
associates of them were customers of, and had banking transactions with
Citizens Business Bank in the ordinary course of its business during 2003, and
we expect such transaction will continue in the future. All of these loans and
commitments were made on substantially the same terms, including interest
rates, collateral and repayment terms, as those prevailing at the time for
comparable transactions with other persons of similar creditworthiness and
comply with the provisions of the Sarbanes-Oxley Act of 2002. In our opinion,
these transactions did not involve more than a normal risk of collectibility or
present other unfavorable features.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As part of our share repurchase program, on May&nbsp;23, 2003 we purchased
61,500 shares of our common stock from our President and Chief Executive
Officer, Mr.&nbsp;Wiley, at the then prevailing market price of $20.00 per share.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Steven Borba, son of Director John Borba, is employed by Citizens
Business Bank as a non-executive officer. During the 2003 fiscal year his
salary was $89,939.

<P align="left" style="font-size: 10pt"><B>Did Directors and Officers Comply with Their Section 16(a) Beneficial Ownership
Reporting Compliance Requirements in 2003?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;16(a) of the Securities Exchange Act of 1934 requires our
executive officers and directors, and persons who own more than ten percent of
CVB Financial&#146;s equity securities, to file reports of ownership and changes in
ownership with the Securities and Exchange Commission (&#147;SEC&#148;). The SEC
requires executive officers, directors and greater than ten-percent
shareholders to furnish to us copies of all Section 16(a) forms they file.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based solely on our review of these reports and of certifications
furnished to us, we believe that during the fiscal year ended December&nbsp;31, 2003
all executive officers, directors and greater than ten-percent beneficial
owners complied with all applicable Section 16(a) filing requirements, except
Mr.&nbsp;LoPorto who filed one Form&nbsp;4 late (option exercise and sale) and Mr.
Biebrich who filed two Forms 4 late (personal dividend reinvestment plan).


<P align="center" style="font-size: 10pt"><B>THE BOARD RECOMMENDS A VOTE &#147;FOR&#148; ALL SEVEN NOMINEES FOR DIRECTOR.</B>


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<P align="center" style="font-size: 10pt"><B>PROPOSAL 2<BR>
RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC ACCOUNTANTS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have appointed Deloitte &#038; Touche as independent public accountants for
the year ending December&nbsp;31, 2004. The Audit Committee appoints our
independent auditors. Deloitte &#038; Touche, who performed our audit services in
2003, including an examination of the consolidated financial statements and
services related to filings with the Securities and Exchange Commission, has
served as our accountants since 1986. Deloitte &#038; Touche performed all of its
services in 2003 at customary rates and terms.



<P align="center" style="font-size: 10pt">23
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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt"><B>Principal Auditors and Fees</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The aggregate fees CVB Financial Corp. incurred for audit and non-audit
services provided by Deloitte &#038; Touche, LLP, who acted as our independent
auditors for the fiscal year ending December&nbsp;31, 2002 and 2003. On July&nbsp;1,
2002, CVB Financial retained the independent accounting firm Vavrinek, Trine,
Day &#038; Co., Ltd. to perform internal audit functions.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="54%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2003</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2002</B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Audit Fees<SUP>(1)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">193,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">190,500</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Audit Related Fees<SUP>(2)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">7,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">7,500</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Tax Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">All Other Fees<SUP>(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">5,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">127,680</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">205,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">325,680</TD>
    <TD>&nbsp;</TD>
</TR>

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</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><HR align="left" size="1" noshade width="18%"></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><SUP>(1)</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit fees represent fees for professional services provided in connection
with the audit of our financial statements and audit services provided in
connection with statutory and regulatory filings or engagements for those
fiscal years.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><SUP>(2)</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit-related fees consisted of employee benefit plan audits.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><SUP>(3)</SUP>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">All other fees consist principally of (a)&nbsp;for 2002, internal audit fees of
$72,935 (which are no longer provided by Deloitte &#038; Touche), procedures for our
subsidiary Golden West Financial of $20,245, network security testing fees of
$10,000, assessment of our internal rate of return model fees of $10,500 and
services in connection with procedures for our wealth management division of
$14,000, and (b)&nbsp;for 2003, fees incurred in connection with the selection of
information services equipment.</TD>
</TR>


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</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee&#146;s pre-approval policy provides for pre-approval of all
audit, audit-related and tax services. The Audit Committee has granted general
pre-approval for certain audit, audit related and tax services. If the cost of
any such services exceeds the range of anticipated cost levels, the services
will require specific pre-approval by the Audit Committee. If any particular
service falls outside the general pre-approval, it must also be specifically
approved by the Audit Committee. If specific pre-approval of a service is
required, both the independent auditor and the Company&#146;s Chief Financial
Officer must submit a request to the Audit Committee including the reasons why
the proposed service is consistent with the Securities and Exchange
Commission&#146;s regulations on auditor independence. In addition, with respect to
each pre-approved service, the independent auditor is required to provide
detailed back-up documentation which will be provided to the Audit Committee,
regarding the specific services to be provided.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The pre-approval policy also authorizes the Audit Committee to delegate to
one or more of its members pre-approval authority with respect to permitted
services.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee has considered whether the provision of financial
information systems design and implementation services and other non-audit
services is compatible with maintaining the independence of Deloitte &#038; Touche,
LLP.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representatives of Deloitte &#038; Touche will be present at the meeting. They
will be available to respond to your appropriate questions and will be able to
make such statements as they desire. If you do not ratify the selection of
independent accountants, the Audit Committee will reconsider the appointment.
However, even if you ratify the selection, the Audit Committee may still
appoint new independent accountants at any time during the year if it believes
that such a change would be in the best interests of CVB Financial and our
shareholders.




<P align="center" style="font-size: 10pt">24
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<P align="center" style="font-size: 10pt"><B>THE BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; THE RATIFICATION OF<BR>
THE SELECTION OF<BR>
DELOITTE &#038; TOUCHE AS THE COMPANY&#146;S INDEPENDENT<BR>
ACCOUNTANTS FOR 2004.</B>



<P align="center" style="font-size: 10pt"><B>ANNUAL REPORT</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Together with this Proxy Statement, CVB Financial has distributed to each
of its shareholders our Annual Report on Form 10-K for the year ended December
31, 2003, which includes the consolidated financial statements of CVB Financial
and its subsidiaries and the report thereon of Deloitte &#038; Touche, CVB
Financial&#146;s independent public accountants. If you did not receive them, we
will send them to you without charge.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Annual Report on Form 10-K includes a list of exhibits filed with the
Securities and Exchange Commission, but the Form 10-K we have delivered to you
does not include the exhibits. If you wish to receive copies of the exhibits,
we will send them to you. Expenses for copying and mailing will be your
responsibility. Please write to:


<P align="left" style="font-size: 10pt">Donna Marchesi, Secretary<BR>
CVB Financial Corp.<BR>
701 North Haven Avenue<BR>
Suite&nbsp;350<BR>
Ontario, California 91764

<P align="left" style="font-size: 10pt">In addition, the Securities and Exchange Commission maintains an internet site
at http://www.sec.gov that contains information we file with them.


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<P align="center" style="font-size: 10pt"><B>PROPOSALS OF SHAREHOLDERS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you wish to submit a proposal for consideration at our 2005 Annual
Meeting of Shareholders, you may do so by following the procedures prescribed
in the Securities Exchange Act of 1934. To be eligible for inclusion in our
proxy statement and proxy materials, our Corporate Secretary must receive your
proposal no later than December&nbsp;9, 2004.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For any proposal that is not submitted for inclusion in next year&#146;s proxy
statement (as described in the preceding paragraph) but is instead sought to be
presented directly at next year&#146;s annual meeting, Securities and Exchange
Commission rules permit management to vote proxies in its discretion if (a)&nbsp;CVB
Financial Corp. receives notice of the proposal before the close of business on
February&nbsp;22, 2005 and advises stockholders in next year&#146;s proxy statement about
the nature of the matter and how management intends to vote on the matter, or
(b)&nbsp;does not receive notice of the proposal prior the close of business on
February&nbsp;22, 2005.



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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notices of intention to present proposals at the 2005 annual meeting
should be addressed to our Corporate Secretary, CVB Financial Corp., 701 North
Haven Avenue, Ontario, California 91764. We reserve the right to reject, rule
out of order, or take other appropriate action with respect to any proposal
that does not comply with these and other requirements.


<P align="left" style="font-size: 10pt">Dated: April&nbsp;7, 2004


<P align="left" style="font-size: 10pt; margin-left: 50%">CVB FINANCIAL CORP.<BR>
<IMG src="v97706dv9770606.gif" alt="-s- D. Linn Wiley"><BR>
D. Linn Wiley<BR>
President and Chief Executive Officer



<P align="center" style="font-size: 10pt">26
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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>Appendix&nbsp;A<BR>
Corporate Governance Guidelines</B>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>CVB FINANCIAL CORP. CORPORATE GOVERNANCE GUIDELINES</B>



<P align="left" style="font-size: 10pt"><B>1. Director Qualifications</B>

<P align="left" style="font-size: 10pt">The Board will have a majority of directors who meet the criteria for
independence required by the Nasdaq Stock Market. The Nominating and Corporate
Governance Committee is responsible for reviewing with the Board, on an annual
basis, the requisite skills and characteristics of new Board members as well as
the composition of the Board as a whole. Nominees for directorship will be
selected by the Nominating and Corporate Governance Committee in accordance
with the policies and principles in its charter. The invitation to join the
Board should be extended by the Chairman of the Nominating and Corporate
Governance Committee and by the Chairman of the Board. The Nominating and
Corporate Governance Committee will review each director&#146;s continuation on the
Board. This will allow each director the opportunity to conveniently confirm
his or her desire to continue as a member of the Board.



<P align="left" style="font-size: 10pt"><B>2. Director Responsibilities</B>

<P align="left" style="font-size: 10pt">The basic responsibility of the directors is to exercise their business
judgment to act in what they reasonably believe to be in the best interests of
the Company and its shareholders. The directors shall also be entitled to have
the Company purchase reasonable directors&#146; and officers&#146; liability insurance on
their behalf, to the benefits of indemnification to the fullest extent
permitted by law and the Company&#146;s charter, by-laws and any indemnification
agreements, and to exculpation as provided by state law and the Company&#146;s
charter.


<P align="left" style="font-size: 10pt">Directors are expected to attend Board meetings and meetings of committees on
which they serve, and to spend the time needed and meet as frequently as
necessary to properly discharge their responsibilities. Information and data
that are important to the Board&#146;s understanding of the business to be conducted
at a Board or committee meeting should generally be distributed in writing to
the directors before the meeting, and directors should review these materials
in advance of the meeting.


<P align="left" style="font-size: 10pt">Directors are expected to act ethically at all times and to acknowledge their
adherence to the Company&#146;s Code of Ethics which applies directly to the
Company&#146;s directors.


<P align="left" style="font-size: 10pt">The Chairman of the Board in consultation with the President and Chief
Executive Officer will establish the agenda for each Board meeting and the
committee chairman, in consultation with the President and Chief Executive
Officer and other executive officers, will set the agenda for their respective
committees. At the beginning of the year, the Chairman of the Board and each
committee chairman will establish a schedule of agenda subjects to be discussed
during the year (to the degree this can be foreseen). Each Board member is free
to suggest the inclusion of items on the agenda. Each Board member is free to
raise at any Board meeting subjects that are not on the agenda for that
meeting. The Board will review the Company&#146;s long-term strategic plans and the
principal issues that the Company will face in the future during at least one
Board meeting each year.




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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">The independent directors will meet in executive session at least three times a
year. The director who presides at these meetings will be chosen by the
independent directors.


<P align="left" style="font-size: 10pt">Directors are expected to attend the Company&#146;s Annual Meeting of Shareholders.


<P align="left" style="font-size: 10pt"><B>3. Board Committees</B>


<P align="left" style="font-size: 10pt">The Board will have at all times an Audit Committee, a Compensation Committee
and a Nominating and Corporate Governance Committee. All of the members of
these committees will be independent directors under the criteria established
by the Securities and Exchange Commission and the Nasdaq Stock Market.
Committee members will be appointed by the Board upon recommendation of the
Nominating and Corporate Governance Committee with consideration of the desires
of individual directors.


<P align="left" style="font-size: 10pt">Each committee will have its own charter. The charters will set forth the
purposes, goals and responsibilities of the committees as well as
qualifications for committee membership, procedures for committee member
appointment and removal, committee structure and operations and committee
reporting to the Board. The charters will also provide that each committee will
annually evaluate its performance.


<P align="left" style="font-size: 10pt">The Chairman of each committee, in consultation with the committee members,
will determine the frequency and length of the committee meetings consistent
with any requirements set forth in the committee&#146;s charter. The Chairman of
each committee, in consultation with the appropriate members of the committee
and management, will develop the committee&#146;s agenda. At the beginning of the
year, each committee will establish a schedule of agenda subjects to be
discussed during the year (to the degree these can be foreseen). The schedule
for each committee will be furnished to all directors.


<P align="left" style="font-size: 10pt">The Board and each committee have the power to hire independent legal,
financial or other advisors as they may deem necessary, without the necessity
of consulting or obtaining the approval of any officer of the Company in
advance.


<P align="left" style="font-size: 10pt">The Board may, from time to time, establish or maintain additional committees
as necessary or appropriate.


<P align="left" style="font-size: 10pt"><B>4. Director Access to Officers and Employees</B>


<P align="left" style="font-size: 10pt">Directors have full and free access to officers and employees of the Company.
Any meetings or contacts that a director wishes to initiate may be arranged
through the President and Chief Executive Officer or directly by the director.
The directors will use their judgment to ensure that any such contact is not
disruptive to the business operations of the Company and will, to the extent
not inappropriate, copy the President and Chief Executive Officer on any
written communications between a director and an officer or employee of the
Company. Nonemployee directors are encouraged to consult with employees of
the Company without senior management present.




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<P align="left" style="font-size: 10pt"><B>5. Reporting of Concerns to Non-Employee Directors or the Audit Committee</B>


<P align="left" style="font-size: 10pt">Anyone who has a concern about the Company&#146;s conduct, or about the Company&#146;s
accounting, internal accounting controls or auditing matters, may communicate
that concern directly to the Chairman of the Board or to the Audit Committee.
Such communications may be confidential or anonymous, and may be e-mailed or
submitted in writing to www.confidentialcsi.com (Account Number 37265843 for
the Company), or in writing to the following address:


<P align="left" style="font-size: 10pt; margin-left: 9%">Confidential Corporate Solutions<BR>
11684 Ventura Blvd., Suite&nbsp;602<BR>
Studio City, CA 91604

<P align="left" style="font-size: 10pt">Concerns relating to accounting, internal controls, auditing or officer conduct
shall be sent immediately to the Audit Committee pursuant to procedures the
Audit Committee has established at the foregoing addresses. A confidential
ethics line The status of all outstanding concerns addressed to the Chairman
of the Board, or the Audit Committee will be reported to the Chairman of the
Board and the Chair of the Audit Committee on a quarterly basis. The Chairman
of the Board or the Chair of the Audit Committee may direct that certain
matters be presented to the Audit Committee or the full board and may direct
special treatment, including the retention of outside advisors or counsel, for
any concern addressed to them. The Company is prohibited from retaliating or
taking any adverse action against anyone for raising or helping to resolve an
integrity concern.


<P align="left" style="font-size: 10pt"><B>6. President and Chief Executive Officer Evaluation and Management Succession</B>


<P align="left" style="font-size: 10pt">The Compensation Committee will conduct an annual review of the President and
Chief Executive Officer&#146;s performance, as set forth in its charter. The Board
of Directors will review the Compensation Committee&#146;s report in order to ensure
that the President and Chief Executive Officer is providing the best leadership
for the Company in the long- and short-term.


<P align="left" style="font-size: 10pt">The Nominating and Corporate Governance Committee should make a periodic report
to the Board on succession planning. The entire Board will work with the
Nominating and Corporate Governance Committee to nominate and evaluate
potential successors to the President and Chief Executive Officer and other
senior executives of the Company. The President and Chief Executive Officer
should at all times make available his or her recommendations and evaluations
of potential successors for himself/herself and other senior executives, along
with a review of any development plans recommended for such individuals and
review with the Board annually plans for interim management of the Company in
the event the President and Chief Executive Officer is disabled or otherwise
unable to fulfill his or her duties.


<P align="left" style="font-size: 10pt"><B>7. Access to Independent Advisors</B>


<P align="left" style="font-size: 10pt">The Board of Directors and its committees, and the nonemployee directors shall
have the right at any time to retain independent outside financial, legal or
other advisors.




<P align="center" style="font-size: 10pt">A-3
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<P align="left" style="font-size: 10pt"><B>8. Annual Performance Evaluation</B>


<P align="left" style="font-size: 10pt">The Board of Directors will conduct an annual self-evaluation to determine
whether it and its committees are functioning effectively. The Nominating and
Corporate Governance Committee will receive comments from all directors and
report annually to the Board with an assessment of the Board&#146;s performance.
This will be discussed with the full Board following the end of each fiscal
year. The assessment will focus on the Board&#146;s contribution to the Company and
specifically focus on areas in which the Board or management believes that the
Board could improve.



<P align="center" style="font-size: 10pt">A-4
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<P align="center" style="font-size: 10pt"><B>Appendix&nbsp;B<BR>
Nominating and Corporate Governance Committee Charter</B>




<P align="center" style="font-size: 10pt">&nbsp;
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    <TD align="left" valign="top">Nominating and Corporate Governance Committee Charter</TD>
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<P align="center" style="font-size: 10pt"><B>NOMINATING AND CORPORATE GOVERNANCE COMMITTEE CHARTER</B>



<P align="left" style="font-size: 10pt"><B>Purpose</B>

<P align="left" style="font-size: 10pt">The Nominating and Corporate Governance Committee (the &#147;Nominating Committee&#148;)
is appointed by the Board (1)&nbsp;to assist the Board by identifying individuals
qualified to become Board members, (2)&nbsp;to recommend to the Board the director
nominees for the next annual meeting of shareholders; (3)&nbsp;to recommend to the
Board director nominees for each committee; and (4)&nbsp;to develop and recommend a
set of corporate governance principles applicable to the Company.



<P align="left" style="font-size: 10pt"><B>Committee Membership</B>

<P align="left" style="font-size: 10pt">The Nominating Committee shall be comprised of three or more directors all of
whom qualify as independent directors (&#147;Independent Directors&#148;) as defined
under applicable rules of the Securities and Exchange Commission and Nasdaq, as
amended from time to time. Any attempted appointment to the Nominating
Committee of a person who does not qualify as an Independent Director shall be
null and void. Any Nominating Committee member who loses the status of an
Independent Director shall automatically and without further action cease to be
a member of the Nominating Committee as soon as such status is lost.


<P align="left" style="font-size: 10pt">The members of the Nominating Committee shall be nominated by the Board and
elected annually to one-year terms by majority vote of the Board at the first
meeting of the Board to be held following the annual meeting of Shareholders.
Vacancies on the Committee shall be filled by majority vote of the Board at the
next meeting of the Board following the occurrence of the vacancy. No member
of the Committee shall be removed except by majority vote of the Independent
Directors then in office.



<P align="left" style="font-size: 10pt"><B>Committee Authority and Responsibilities</B>


<P>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Nominating Committee shall have the sole authority to retain and
terminate any search firm to be used to identify director candidates and
shall have sole authority to approve the search firm&#146;s fees and other
retention terms. The Nominating Committee shall also have authority to
obtain advice and assistance from internal or external legal, accounting
or other advisors.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Nominating Committee shall actively seek individuals qualified to
become board members for recommendation to the Board. The Nominating
Committee will consider the factors in the attached Appendix&nbsp;A relating to
Board Composition and Leadership.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Develop and recommend to the Board to approval a set of corporate
governance principles applicable to the Company and review such guidelines
at least annually and removed changes as necessary.</TD>
</TR>

</TABLE>

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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">B-1
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(12/03)</TD>
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    <TD align="left" valign="top">Nominating and Corporate Governance Committee Charter</TD>
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<P>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Receive communications from shareholders regarding any matters of concern
by following the process identified in a set of guidelines approved by
this Nominating Committee in the attached Appendix&nbsp;B.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Nominating Committee may delegate its authority to subcommittees when
appropriate.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Nominating Committee shall make regular reports to the Board and keep
written minutes of its meetings.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Nominating Committee shall review and reassess the adequacy of this
Charter annually and recommend any proposed changes to the Board for
approval. The Nominating Committee shall annually review its own
performance.</TD>
</TR>

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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">B-2
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(12/03)</TD>
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<P align="center" style="font-size: 10pt">APPENDIX A


<P align="left" style="font-size: 10pt"><B>I. Board Composition and Leadership</B>


<P align="left" style="font-size: 10pt">A. Composition of Board


<P align="left" style="font-size: 10pt">A principal goal of the Board is to optimize the availability of independent
perspectives and give advice to the Chief Executive Officer and management, to
increase the quality of Board oversight and to lessen the possibility of
conflicts of interest. Accordingly, the Board should consist predominantly of
Independent Directors. The President and Chief Executive Officer of the
Company reports directly to the full Board.


<P align="left" style="font-size: 10pt">B. Size of Board


<P align="left" style="font-size: 10pt">The Board should be comprised of a sufficient number of directors to enable the
Board to properly perform its responsibilities and achieve its governance
objectives and goals. The Company&#146;s Bylaws currently provide that the Board
will consist of between 7 and 13 members. Currently, the Board consists of 7
members. The Board should be a group small enough to permit substantive
discussions of the whole Board in which each director can participate
meaningfully and large enough that committee work does not become unduly
burdensome. In addition, we seek a broad range of skills, expertise, industry
knowledge and contacts useful to the Company&#146;s business.


<P align="left" style="font-size: 10pt">C. Director Independence


<P align="left" style="font-size: 10pt">The Nominating Committee is responsible for reviewing with the Board annually
the appropriate criteria and standards for determining director independence
consistent with all applicable legal requirements and the rules of The Nasdaq
Stock Market and the rules and regulations of the Securities Exchange
Commission under the Securities Exchange Act of 1934, as amended.


<P align="left" style="font-size: 10pt">D. Selection of New Directors


<P align="left" style="font-size: 10pt">The goal of the Nominating Committee is to maintain a strong and experienced
Board by continually assessing the Board&#146;s business background, current
responsibilities, community involvement, commitment to the Company (including
meaningful ownership of the Company&#146;s voting securities with a market value of
at least $100,000), and expected period of time available for service and
independence. Other important factors to be considered by the Nominating
Committee in the selection of nominees for the position of non-management
director include current knowledge and contacts in the Company&#146;s industry and
other industries relevant to the Company&#146;s business, ability to work together
as an effective group and ability to commit adequate time to serve as a
director. The Nominating Committee will consider candidates recommended by
shareholder(s) utilizing the same criteria as candidates identified by the
Nominating Committee. Recommendations must be submitted in writing to the
Chair of the Nominating Committee at the Company&#146;s principal executive offices
no earlier than the last business day of September and no later than the last
business day in the month of November preceding the Company&#146;s next Annual
Meeting of Shareholders for consideration at such Annual Meeting. Shareholders
shall include in such recommendation (a)&nbsp;the name and address of each


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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">B-3
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(12/03)</TD>
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    <TD align="left" valign="top">Nominating and Corporate Governance Committee Charter</TD>
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<P align="left" style="font-size: 10pt">proposed nominee; (b)&nbsp;the principal occupation of each proposed nominee; (c)
the number of shares of voting stock of the Company owned by each proposed
nominee; (d)&nbsp;the name and residence address of the notifying shareholder(s);
(e)&nbsp;the number of shares of voting stock of the Company owned by the notifying
shareholder(s) and (f)&nbsp;a letter from the proposed nominee indicating that such
proposed nominee wishes to be considered as a nominee for the Company&#146;s Board
of Directors and will serve as a member of the Company&#146;s Board of Directors if
elected. In addition, each recommendation must set forth in detail the reasons
why the notifying shareholder(s) believes the proposed nominee meets the
criteria set forth in this charter for serving on the Company&#146;s Board of
Directors.


<P align="left" style="font-size: 10pt">The Nominating Committee is responsible for annually reviewing and evaluating
with the Board the appropriate skills and characteristics required of Board
members in the context of the current composition of the Board and our goals
for nominees to the Board, including nominees who are current Board members.
The Board is responsible for selecting and recommending nominees for election
by the Company&#146;s shareholders and for making interim appointments of Directors
in accordance with the Company&#146;s bylaws. The Board delegates the screening
process to the Nominating Committee under the direction of the Chair of the
Nominating Committee and with direct input from the Chairman of the Board and
the Chief Executive Officer. The Chair of the Nominating Committee may
authorize the Chief Executive Officer or any other representative of the Board,
speaking on behalf of the Board, to extend invitations to join the Board to new
Director candidates.


<P align="left" style="font-size: 10pt">E. Director Education and Orientation


<P align="left" style="font-size: 10pt">All directors are expected to be knowledgeable about the Company and its
industry. This knowledge is gained from attendance at Board meetings, periodic
Director training sessions, regular meetings with management of the Company,
reading of appropriate industry, corporate governance and directorship
literature and attendance at educational seminars. Management may also conduct
orientation sessions for new and seasoned directors.


<P align="left" style="font-size: 10pt">F. Term of Directors


<P align="left" style="font-size: 10pt">The Board does not favor a formal rotation process or term limits for
non-management directors. The Board believes it is important to monitor
overall Board performance and to have a process for bringing in new members, to
address changing needs of the Company and to bring fresh perspectives to the
challenges facing the Company as circumstances warrant. The Board also
recognizes the value of having non-management Directors who have demonstrated a
commitment to serving the Company. Accordingly, as part of each annual
evaluation of the Board&#146;s performance, the Nominating Committee will reassess
the right mix of skills, experience, contacts and other qualities for the
Board. Then, each year, the Chairman of the Board and the Chair of the
Nominating Committee (in consultation with the President and Chief Executive
Officer) will propose to the Nominating Committee a group of directors who
would be nominated for re-election. The Nominating Committee will then
recommend to the Board the group to be nominated to the full Board.


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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">B-4
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(12/03)</TD>
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<P align="left" style="font-size: 10pt">G. Age Limits


<P align="left" style="font-size: 10pt">For the same reasons discussed in Part&nbsp;F. above, the Board does not have an age
limit for Directors or a mandatory retirement policy. The Board believes that
it should have the flexibility to appoint or retain qualified Board members,
regardless of age.


<P align="left" style="font-size: 10pt">H. Board Compensation


<P align="left" style="font-size: 10pt">The Compensation Committee is responsible for reviewing and recommending, on an
annual basis, the compensation for independent directors. Company management
shall report to the Compensation Committee how the Company&#146;s director
compensation practices compare with those of other public and peer group
corporations. Any change in Board compensation shall be made upon the
recommendation of the Compensation Committee, and following discussion and
concurrence by the full Board.


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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">B-5
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(12/03)</TD>
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<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

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    <TD width="26%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="69%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CVB FINANCIAL CORP.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nominating and Corporate Governance Committee Charter</TD>
</TR>

<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><HR align="center" size="2" noshade width="100%"></TD>
</TR>


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</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">COMMUNICATION WITH BOARD OF DIRECTORS


<P align="left" style="font-size: 10pt">Shareholders wishing to contact the Company&#146;s Board of Directors
confidentially, including a committee of the Board of Directors, may do so by
email at www.confidentialcsi.com, Code number 37265843 (our account number), or
writing to the following address:



<P align="left" style="font-size: 10pt">Confidential Corporate Solutions<BR>
11684 Ventura Boulevard, Suite&nbsp;602<BR>
Studio City, California 91604


<P align="left" style="font-size: 10pt">Nonconfidential communications may be sent to the Board of Directors at


<P align="left" style="font-size: 10pt">CVB Financial Corp.<BR>
701 North Haven Avenue, Suite&nbsp;350<BR>
Ontario, California 91764

<P align="left" style="font-size: 10pt">All communications sent to the Board of Directors will be communicated with the
entire Board unless the Chairman of the Board reasonably believes communication
with the entire Board of Directors is not appropriate or necessary.


<P align="left" style="font-size: 10pt">Any person (including employees) with a complaint or concern regarding
accounting, internal accounting controls or auditing matters, can communicate
directly with the Audit Committee, either anonymously or by name, using any of
the following methods adopted by the Audit Committee:



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">A.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In writing, addressed specifically to
the Audit Committee at the foregoing address for
Confidential Corporate Solutions.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">B.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>My email to www.confidentialcsi.com,
Code number 37265843 (our account number).</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">C.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By phoning the confidential ethics
line at (866)&nbsp;372-8388. Employees may call this number
anonymously if they prefer because it is not equipped
with caller identification. However, the Audit
Committee will be unable to obtain follow-up details
from anonymous calls that may be necessary to
investigate the matter.</TD>
</TR>

</TABLE>

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<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

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    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD colspan="5" valign="top" align="left"><HR align="center" size="2" noshade width="100%"></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">B-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">(12/03)</TD>
</TR>


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</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>Appendix&nbsp;C<BR>
Audit Committee Charter</B>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>CVB Financial Corp.<BR>
Audit Committee Charter<BR>
December&nbsp;2003</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">I.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Committee Function</B></TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The purpose of the Audit Committee (&#147;Committee&#148;) of the Board of
Directors (the &#147;Board&#148;) of CVB Financial Corp. (the &#147;Company&#148;) is to
oversee and monitor (i)&nbsp;the integrity of the Company&#146;s financial
statements and its systems of internal accounting and financial controls;
(ii)&nbsp;the Company&#146;s compliance with applicable legal and regulatory
requirements; (iii)&nbsp;the independent auditor qualifications and
independence and (iv)&nbsp;the performance of the Company&#146;s internal audit
function and independent auditors.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Committee shall have the sole authority to appoint or replace the
independent auditors (including oversight of audit partner rotation).
The Committee shall be directly responsible for the compensation, and
oversight of the work, of the independent auditors (including resolution
of disagreements between management and the independent auditor regarding
financial reporting) for the purpose of preparing or issuing an audit
report or related work. The independent auditors shall report directly
to the Committee.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Committee shall have the authority, to the extent it deems necessary
or appropriate, to retain independent legal, accounting and other
advisors. The Company shall provide for appropriate funding, as
determined by the Committee, for payment of compensation to the
independent auditors for the purpose of rendering or issuing an audit
report and to any advisors employed by the Committee.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">II.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Organization and Membership</B></TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Committee shall:</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Have at least three members (all of whom are
members of the Board) who are appointed by the Board upon
recommendation of a majority of independent members of the
Board of Directors from time to time.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consist of individuals each of whom meet the
independence criteria of the Securities Exchange Act of 1934,
as amended (the &#147;Exchange Act&#148;) for members of an audit
committee, and the independence requirements of the Nasdaq
National Market, as determined by the Board.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consist of individuals each of whom have banking
or related financial management expertise and who are able to
read and understand fundamental financial statements,
including the Company&#146;s balance sheet, income statement and
cash flow statement at the time they join the Committee.</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date Policy Approved:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;2003
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">C-1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>CVB Financial Corp.<BR>
Audit Committee Charter<BR>
December&nbsp;2003</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Have at least one member of the Committee who is
an &#147;audit committee financial expert&#148; as determined by the
Board in accordance with SEC rules or, if no member is an
&#147;audit committee financial expert,&#148; the reason for not having
such person on the Committee.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Have one Chairman designated by the Committee who
shall preside over meetings and report Committee actions and
recommendations to the Board. If the Chairman is not present,
the Committee may designate a Chairman by majority vote of the
Committee membership.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">III.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Duties and Responsibilities</B>.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">A.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review Procedures/General Obligations</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Committee shall:</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prepare the audit committee report
required by the Securities and Exchange Commission (the
&#147;SEC&#148;) to be included in the Company&#146;s annual proxy
statement, including the review of financial statements
with management, review of SAS 61 with the independent
auditors, and review of the written disclosures and the
letter from the independent auditors.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with management
and the independent auditors internal audit reports, the
Company&#146;s independent certified audits, bank
examinations, and other information submitted by
management.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with management
and the independent auditors: (a)&nbsp;quarterly and annual
financial statements and approve the financial
statements for inclusion in the Company&#146;s periodic
reports filed with the SEC; (b)&nbsp;major issues regarding
the Company&#146;s accounting principles and financial
statement presentations, including any significant
changes in the Company&#146;s selection or application of
accounting principles and financial statement
presentations and (c)&nbsp;reports from the independent
auditors as required by law.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As required by the Exchange Act,
preapprove all auditing services and permitted nonaudit
services (including the fees and terms thereof) to be
performed for the Company by its independent auditors
(whether pursuant to policies or otherwise), subject to
the de minimus exceptions for nonaudit services
described in the Exchange Act which are approved by the
Committee prior to the completion of the audit pursuant
to policies adopted by the</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date Policy Approved:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;2003
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">C-2
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>CVB Financial Corp.<BR>
Audit Committee Charter<BR>
December&nbsp;2003</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Company. The Committee may form and delegate authority
to subcommittees consisting of one or more members of
the Committee when appropriate, including the authority
to grant preapprovals of audit and permitted non-audit
services, provided that decisions of such subcommittees
to grant preapprovals shall be presented to the full
Committee at its then next scheduled meeting.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with management
the adequacy and effectiveness of the Company&#146;s
disclosure controls and procedures and management
reports thereon.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In consultation with management and
the independent auditors, review and discuss the
adequacy and effectiveness of the Company&#146;s financial
reporting processes and controls. Review and discuss
significant financial risk exposures and the steps
management has taken to monitor, control and report such
exposures. Review and discuss any significant
deficiencies in internal controls and changes in such
controls reported to the Committee by the independent
auditors or management together with management&#146;s
response.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss the Company&#146;s financial
statements with management and the independent auditors,
including the Company&#146;s disclosures under &#147;Management&#146;s
Discussion and Analysis of Financial Condition and
Results of Operations.&#148;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Report its activities regularly to
the Board, making recommendations for changes that the
Committee deems advisable.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee shall meet at least quarterly, and additionally to the
extent it deems necessary or appropriate. The Committee Chair shall
prepare and or approve an agenda in advance of each meeting. The
Committee shall periodically meet privately in executive session, with
management, with the independent auditors, and as a committee to discuss
any matters that the Committee or each of those groups believe should be
discussed.


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">B.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Internal Audit</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Complete the following responsibilities relating to internal audits:</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date Policy Approved:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;2003
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">C-3
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>CVB Financial Corp.<BR>
Audit Committee Charter<BR>
December&nbsp;2003</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least annually approve the selection of
auditing firms that will conduct the internal audits or senior
internal audit service executive, if applicable.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least annually review and approve the
Company&#146;s internal audit plan and Engagement Letter.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least annually review the agreed upon
procedures and policies for internal audits.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review results of significant audit findings and
management&#146;s response with management and the internal
auditor.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review periodic progress reports on the Internal Audit Plan.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least annually, review with Company&#146;s counsel
any legal matters that could have a significant impact on the
Company&#146;s financial statements, the Company&#146;s compliance with
applicable laws and regulations, and inquiries received from
regulators or governmental agencies.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">C.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>External Audit</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Complete the following responsibilities relating to the Company&#146;s
independent auditors (external auditors):</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Select and recommend annually, to the Board, the
appointment of the Company&#146;s independent auditors.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review independence, qualifications, the annual
Engagement Letter, audit scope and related services, rotation
of the independent auditors, lead (or coordinating) and
concurring audit partner having primary responsibility for the
audit and any other audit team personnel as required by law.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss earnings press releases as well as
financial information and earnings guidance to be provided to
analysts and rating agencies.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss at least quarterly reports
from the independent auditors on: (a)&nbsp;critical accounting
policies and practices; (b)&nbsp;all alternative treatments of
financial information within generally accepted accounting
principles that have been discussed with management,
ramifications of the use of such alternative disclosures and
treatments, and the treatment preferred by the independent
auditors; and (c)&nbsp;other material written communications
between the independent auditors and</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date Policy Approved:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;2003
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">C-4
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>CVB Financial Corp.<BR>
Audit Committee Charter<BR>
December&nbsp;2003</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>management, such as any management letter or schedule of
unadjusted differences.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review any disclosures made to the Committee by
the Chief Executive Officer and Chief Financial Officer during
their certification process for the Form 10-K and Form 10-Q
about any significant deficiencies in the design or operation
of internal controls or material weaknesses therein and any
fraud involving management or other employees who have a
significant role in the Company&#146;s internal controls.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review the Company&#146;s audited financial statements
in relation to meeting the requirements of an annual
Director&#146;s examination, related notes, the accountant&#146;s
opinion to be rendered, and any unresolved disagreements with
management concerning accounting or disclosure matters.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with the independent auditors
the report regarding management&#146;s assertions on internal
controls and compliance with laws and regulations.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss with management and the independent
auditors significant financial reporting issues and judgments
made in connection with the preparation of the Company&#146;s
financial statements, including any significant changes in the
Company&#146;s selection or application of accounting principles,
any major issues as to the adequacy of the Company&#146;s internal
controls, any special steps adopted in light of any material
control deficiencies and the effect of regulatory and
accounting initiatives on the Company&#146;s financial statements.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least annually, obtain and review a report by
the independent auditors describing: the firm&#146;s internal
quality control procedures; any material issues raised by the
most recent internal quality control review, or peer review,
of the firm, or by any inquiry or investigation by
governmental or professional authorities, within the preceding
five years, respecting one or more independent audits carried
out by the firm, and any steps taken to deal with any such
issues; and (to assess the auditor&#146;s independence) all
relationships between the independent auditor and the company.
Evaluate the qualifications, performance and independence of
the independent auditors, including considering whether the
auditor&#146;s quality controls are adequate and the provision of
permitted non-audit services is compatible with maintaining
the auditor&#146;s independence, and taking into account the
opinion of management and internal auditors. The Committee
shall</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date Policy Approved:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;2003
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">C-5
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>CVB Financial Corp.<BR>
Audit Committee Charter<BR>
December&nbsp;2003</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>present its conclusion with respect to the independent
auditors to the Board.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">D.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Compliance</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review significant findings reported by bank
regulators, management&#146;s related responses and monitor
corrective actions on major deficiencies noted.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Establish procedures to anonymously and
confidentially handle complaints received by the Company
regarding accounting, internal accounting controls and
auditing matters, and the confidential, anonymous submission
to it by employees of the Company of concerns regarding
questionable accounting or auditing matters.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review management&#146;s annual report on its
responsibility for preparing financial statements,
establishing and maintaining an adequate internal control
structure and procedures for financial reporting, and for
complying with certain laws and regulations.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As necessary, establish policies for the hiring
of employees and former employees of the independent auditors.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Perform such additional functions as are
necessary or prudent to fulfill the Committee&#146;s duties and
responsibilities.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As appropriate, obtain advice and assistance from
outside legal, accounting or other advisors.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and reassess the adequacy of this Charter
annually and recommend any proposed changes to the Board for
approval.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review all &#147;related party transactions&#148; for
potential conflicts of interest situations on an ongoing
basis, and approve such transactions. For purposes hereof,
&#147;related party transactions&#148; shall mean any transaction
required to be disclosed by the Company pursuant to Item&nbsp;404
of Regulation&nbsp;S-K.</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date Policy Approved:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;2003
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">C-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>CVB FINANCIAL CORP.<BR>
REVOCABLE PROXY FOR THE ANNUAL MEETING OF<BR>
SHAREHOLDERS TO BE HELD MAY 19, 2004<BR>
THE BOARD OF DIRECTORS IS SOLICITING THIS PROXY</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I/we hereby nominate, constitute and appoint John A. Borba, John J.
LoPorto and James C. Seley, and each of them, their attorneys, agents and
proxies, with full powers of substitution to each, to attend and act as proxy
or proxies at the 2004 Annual Meeting of Shareholders of CVB FINANCIAL CORP.
which will be held at the Ontario Convention Center, 2000 Convention Center
Way, Ontario, California 91764, on Wednesday, May&nbsp;19, 2004, at 7:00 p.m., and
at any and all postponements or adjournments thereof, and to vote as I/we have
indicated the number of shares which I/we, if personally present, would be
entitled to vote.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Nominees: George A. Borba, John A. Borba, Ronald O. Kruse, John J.
LoPorto, James C. Seley, San E. Vaccaro and D. Linn Wiley.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.&nbsp;ELECTION OF DIRECTORS</B>.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FOR all nominees listed above (except as indicated
to the contrary below). Discretionary authority to cumulate
votes is granted to the Board.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WITHHOLD AUTHORITY to vote for all nominees listed
above.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INSTRUCTION: TO WITHHOLD AUTHORITY to vote for any individual nominee(s),
strike that nominee&#146;s(s&#146;) name from the list above.


<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="50%">



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.&nbsp;RATIFICATION OF APPOINTMENT OF DELOITTE &#038; TOUCHE </B>as independent public
accountants of CVB Financial Corp. for the year ending December&nbsp;31, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FOR</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AGAINST
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ABSTAIN</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.&nbsp;OTHER BUSINESS</B>. In their discretion, the Proxies are authorized to
vote upon such other business as may properly come before the Meeting and at
any and all adjournments thereof. <B>If any other matter is presented, your
proxies will vote in accordance with the recommendation of the Board of
Directors, or, if no recommendation is given, in their own discretion. </B>The
Board of Directors at present knows of no other business to be presented at the
Annual Meeting.


<P align="center" style="font-size: 10pt"><B>PLEASE SIGN AND DATE ON REVERSE SIDE</B>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>PLEASE SIGN AND DATE BELOW</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I/we hereby ratify and confirm all that said attorneys and proxies, or any
of them, or their substitutes, shall lawfully do or cause to be done because of
this proxy, and hereby revoke any and all proxies I/we have given before to
vote at the meeting. I/we acknowledge receipt of the notice of Annual Meeting
and the Proxy Statement which accompanies the notice.


<P align="left" style="font-size: 10pt">Dated: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2004

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Signed:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR align="left" size="1" noshade width="25%"></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Signed:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR align="left" size="1" noshade width="25%"></TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please date this Proxy and sign above as your name(s) appear(s) on this
card. Joint owners should each sign personally. Corporate proxies should be
signed by an authorized officer. Executors, administrators, trustees, etc.,
should give their full titles.

<P align="left" style="font-size: 10pt">THE BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; THE ELECTION OF DIRECTORS
NOMINATED BY THE BOARD OF DIRECTORS AND &#147;FOR&#148; RATIFICATION OF THE APPOINTMENT
OF DELOITTE &#038; TOUCHE. THE PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED AS
DIRECTED. IF NO DIRECTION IS MADE, IT WILL BE VOTED &#147;FOR&#148; THE ELECTION OF
DIRECTORS NOMINATED BY THE BOARD OF DIRECTORS AND &#147;FOR&#148; RATIFICATION OF THE
APPOINTMENT OF DELOITTE &#038; TOUCHE.




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>CVB FINANCIAL CORP.</B>



<P align="center" style="font-size: 10pt"><B>REVOCABLE PROXY FOR THE ANNUAL MEETING OF<BR>
SHAREHOLDERS TO BE HELD MAY 19, 2004<BR>
THE BOARD OF DIRECTORS IS SOLICITING THIS PROXY</B>


<P align="left" style="font-size: 10pt">I/we hereby nominate, constitute and appoint John A. Borba, John J. LoPorto and
James C. Seley, and each of them, their attorneys, agents and proxies, with
full powers of substitution to each, to attend and act as proxy or proxies at
the 2004 Annual Meeting of Shareholders of CVB FINANCIAL CORP. which will be
held at the Ontario Convention Center, 2000 Convention Center Way, Ontario,
California 91764, on Wednesday, May&nbsp;19, 2004, at 7:00 p.m., and at any and all
postponements or adjournments, thereof, and to vote as I/we have indicated the
number of shares which I/we, if personally present, would be entitled to vote.


<P align="left" style="font-size: 10pt">I/we hereby ratify and confirm that all that said attorneys and proxies,
or any of them, or their substitutes, shall lawfully do or cause to be done
because of this proxy, and hereby revoke any and all proxies I/we have given
before to vote at the meeting. I/we acknowledge receipt of the notice of Annual
Meeting and the Proxy Statement which accompanies the notice.



<P align="center" style="font-size: 10pt"><B>PLEASE SIGN AND DATE ON REVERSE SIDE</B>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt">- DETACH PROXY CARD HERE -



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="100%">



<P><DIV style="position: relative; float: left; margin-right: 1%; width: 54%">

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ELECTION OF DIRECTORS</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>FOR </B>all nominees listed below (except
as indicated to the contrary below).
Discretionary authority to
cumulate votes is granted to the
Board.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>WITHHOLD AUTHORITY </B>to vote for all
nominees listed below.</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><I>Nominees: </I>George A. Borba, John A. Borba,
Ronald O. Kruse, John J. LoPorto, James C.
Seley, San E. Vaccaro and D. Linn Wiley.


<P align="left" style="font-size: 10pt"><B>INSTRUCTION: TO WITHHOLD AUTHORITY to vote for
any individual nominee(s), strike that
nominee&#146;s(s&#146;) name from the list above.</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>RATIFICATION OF APPOINTMENT OF DELOITTE &#038;
TOUCHE as independent public accountants of CVB
Financial Corp. for the year ending December&nbsp;31,
2004.</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>FOR</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>AGAINST</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>ABSTAIN</B></TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


</DIV>

<DIV style="position: relative; float: right; margin-left: 1%; width: 44%">

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>OTHER BUSINESS. In their
discretion, the Proxies are authorized
to vote upon such other business as
may properly come before the Meeting
and at any and all adjournments
thereof. <B>If any other matter is
presented, your proxies will vote in
accordance with the recommendation of
the Board of Directors, or, if no
recommendation is given, in their own
discretion. </B>The Board of Directors at
present knows of no other business to
be presented at the Annual Meeting.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><B>PLEASE SIGN AND DATE BELOW</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">, 2004</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade width="100%"></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="100%">


<DIV align="center" style="font-size: 10pt">Signed</DIV>



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="100%">


<DIV align="center" style="font-size: 10pt">Signed</DIV>


<P align="left" style="font-size: 10pt">Please date this Proxy and sign
above as your name(s) appear(s) on
this card. Joint owners should
each sign personally. Corporate
proxies should be signed by an
authorized officer. Executors,
administrators, trustees, etc.,
should give their full titles.<BR>
THE BOARD OF DIRECTORS RECOMMENDS A
VOTE &#147;FOR&#148; THE ELECTION OF
DIRECTORS NOMINATED BY THE BOARD OF
DIRECTORS AND &#147;FOR&#148; RATIFICATION OF
THE APPOINTMENT OF DELOITTE &#038;
TOUCHE. THE PROXY, WHEN PROPERLY
EXECUTED, WILL BE VOTED AS
DIRECTED. IF NO DIRECTION IS MADE,
IT WILL BE VOTED &#147;FOR&#148; THE ELECTION
OF DIRECTORS NOMINATED BY THE BOARD
OF DIRECTORS AND &#147;FOR&#148; RATIFICATION
OF THE APPOINTMENT OF DELOITTE &#038;
TOUCHE.


</DIV>
<BR clear="all"><BR>
<P align="left" style="font-size: 10pt"><HR size="1" noshade width="100%">



<P align="center" style="font-size: 14pt"><B>Please Detach Here</B>


<DIV align="center" style="font-size: 10pt"><B>- You Must Detach This Portion of the Proxy Card -<BR>
Before Returning it in the Enclosed Envelope</B></DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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