<SUBMISSION>
<ACCESSION-NUMBER>0000354647-05-000053
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20050429
<ITEMS>1.01
<ITEMS>9.01
<FILING-DATE>20050617
<DATE-OF-FILING-DATE-CHANGE>20050617
<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>8-K
<ACT>34
<FILE-NUMBER>000-10140
<FILM-NUMBER>05903622
</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>8-K
<SEQUENCE>1
<FILENAME>form8k-racusin042905.htm
<DESCRIPTION>NEW EVP
<TEXT>
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<P> <CENTER><B><FONT FACE="Times New Roman, Times, Serif" SIZE=3>UNITED STATES<BR>SECURITIES AND
EXCHANGE COMMISSION</FONT></B></CENTER>
<CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Washington, D.C. 20549</FONT></CENTER><BR>


<CENTER><B><FONT FACE="Times New Roman, Times, Serif" SIZE=3>FORM 8-K </FONT></B></CENTER><BR>



<CENTER><B><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT REPORT
<BR> Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></B></CENTER><BR>


<CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report (Date of
earliest event reported): &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>April 29, 2005</B>  </FONT></CENTER><BR>



<CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>CVB FINANCIAL CORP.</B></FONT>
<BR><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of
registrant as specified in its charter) </FONT></CENTER><BR>



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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
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<TR VALIGN="TOP">
     <TD WIDTH="34%"><CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>California</B><BR>
(State or other jurisdiction of<BR>
incorporation or organization) </FONT></CENTER></TD>
     <TD WIDTH="33%"><CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>0-10140</B> <BR>
(Commission file number)</FONT></CENTER></TD>
     <TD WIDTH="33%"><CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>95-3629339</B><BR>
(I.R.S. employer identification number)</FONT></CENTER></TD></TR>
</TABLE>




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<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="60%"><CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>
<B>701 North Haven Avenue, Ontario, California</B><BR>
(Address of principal executive offices)</FONT></CENTER></TD>
     <TD WIDTH="40%"><CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR><B>91764</B><BR>
(Zip Code)</FONT></CENTER></TD></TR>
</TABLE>




<CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR>
Registrant&#146;s telephone number, including area code: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(909) 980-4030</B> </FONT></CENTER>





<CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR><B>Not Applicable</B><BR>
(Former name or former address, if changed since last report)</FONT></CENTER><BR><BR>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (See General Instruction A.2.):</FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR230.425)<BR><BR>
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a-12)<BR><BR>
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))<BR><BR>
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) </FONT></P><BR>


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<PAGE>





<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 1.01 &nbsp;&nbsp;&nbsp;Entry Into a
Material Definitive Agreement </FONT></H1>


<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>
</B>On April 29, 2005, Citizens Business Bank (the &#147;Bank&#148;), a wholly-owned
subsidiary of CVB Financial Corp., entered into an employment offer letter with R. Scott
Racusin, the material terms of which are disclosed below. The terms of Mr. Racusin&#146;s
at-will employment are set forth in an offer letter, dated as of April 28, 2005, a copy of
which is attached hereto as Exhibit 10.1 and incorporated herein by reference. Mr.
Racusin&#146;s employment commenced on May 16, 2005. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the terms of Mr. Racusin&#146;s employment, Mr. Racusin shall serve as Executive Vice
President, Wealth Management Group Manager of Citizens Business Bank. Mr. Racusin is
entitled to a base salary of $190,000.00 per year, and is eligible for a performance review
with a minimum salary increase of $10,000.00 in April of 2006. In addition, Mr. Racusin is
entitled to receive an automobile allowance of $750.00 per month. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.
          Racusin will be eligible to participate in the CVB Executive Incentive Plan and
          the CVB 2005 Discretionary Performance Compensation Plan and will be eligible to
          receive up to 45% of his base pay in cash bonus. In addition, on May 16, 2005,
          Mr. Racusin received a stock option grant to purchase 10,000 shares of
          CVB&#146;s common stock at an exercise price of $18.70. The stock option vests
          in equal installments over a five year period. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.
          Racusin is also eligible to participate in the Bank&#146;s 401(k) and Profit
          Sharing Plan and the Bank will reimburse his expenses at the Glendora Country
          Club. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with his employment, on June 14, 2005, Mr. Racusin entered into a Severance
Compensation Agreement with the Bank, a copy of which is attached hereto as Exhibit 10.2
and incorporated herein by reference. This agreement provides that Mr. Racusin will
receive a payment equal to two times his annual base compensation and two times his
average annual bonus received over the last two years, in the event Mr. Racusin&#146;s
employment is terminated by CVB or the Bank, or any successor thereto, other than for
&#148; cause &#148; , within one year of completion of a change in control or in the event
Mr. Racusin resigns his employment for &#147;good reason &#147; within one year of
completion of a change in control. </FONT></P>



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<PAGE>


<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 9.01 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements
 and Exhibits.<BR><BR>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements
</B><BR><BR>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable<BR><BR>

<B>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro Forma Financial Information
</B><BR><BR>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable<BR><BR>

<B>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits
</B><BR><BR>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;Employment Offer Letter between Citizens Business Bank and R. Scott Racusin, <BR>
&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;&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;&nbsp;dated April 28, 2005<BR><BR>
&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;Severance Compensation Agreement between Citizens Business Bank and R. Scott Racusin,<BR>
&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;&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;&nbsp;dated June 14, 2005<BR><BR>
</FONT></P>

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<PAGE>




<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.<BR><BR><BR>
<B>&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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
CVB FINANCIAL CORP.</B><BR>&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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Registrant) </FONT></P>

<BR>

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<TR VALIGN="TOP">
     <TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date: June 15, 2005  </FONT></TD>
     <TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>By: /s/ Edward J. Biebrich, Jr.</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edward J. Biebrich, Jr.,<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President and<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer<BR>

</FONT></TD></TR>
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<BR><BR>


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<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>exhibit1-42905.htm
<DESCRIPTION>EMP OFFER LTR
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<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>EXHIBIT 10.1 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>April 28, 2005 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr. R. Scott Racusin<BR>
864&nbsp;&nbsp;Quivera Street<BR>Laguna Beach, CA 92651 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dear Scott: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>It is a pleasure to confirm the offer
of employment made to you for the position of Executive Vice President, Manager of the
Wealth Management Group of Citizens Business Bank. The position reports to Jay Coleman,
Executive Vice President, Division Manager of Sales and Service Division. I hope you find
the following terms to be acceptable: </FONT></P>

<PRE>
<B>Position:</B>         Executive Vice President, Wealth Management Group Manager

<B>Salary:</B>           $190,000.00 per year. You will be eligible for a Performance Review with
                  a minimum salary increase of $10,000.00 in April of 2006, based on your
                  performance.

<B>Auto Allowance:</B>   $750.00 a month

<B>Performance</B>       You will be eligible to participate in the 2005 Performance Compensation
<B>Compensation:</B>     Plan payable in February 2006.  Your specific performance measurement for
                  the 2006 Performance Compensation Plan, which you are eligible to receive
                  up to 45% of your base pay, will be discussed with you in more detail.

<B>Stock Options:</B>    You will receive a Stock Option grant of 10,000 shares upon your employment.

<B>Start Date:</B>       On or before May 16, 2005

<B>Change in Control:</B>Upon change in control you will be compensated two (2) years severance pay
</PRE>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As a full-time regular employee you will be eligible to participate in the vacation and medical benefits listed, after
90 days of continuous employment with the Bank, unless stated otherwise.  All benefits are based on your anticipated
start date indicated above.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>You will be provided detailed information about your medical benefit options shortly before your 90-day waiting period
ends.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>o Vacation</B><BR>
You will be eligible for fourteen (14) days of vacation in 2005 and twenty (20) vacation days in 2006.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>o Medical Insurance</B><BR>
You will be eligible to participate in the Bank's Benefits Plan on the first day of the month following 90 days
          of continuous employment with the Bank.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>o 401(k) and Profit Sharing Plan</B><BR>
You will be eligible to participate in the CVB Financial Corporation 401(k) and Profit Sharing Plans.  You
          will be able to participate in the 401(k) Plan on January 1, 2006 and the Profit Sharing Plan on July 1, 2006.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>o Other Benefits</B><BR>
The Bank will reimburse expenses related to membership at Glendora Country Club.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Drug Test - </B>      We require a pre-employment drug test before any offer of employment is final.  Please contact Human
Resources to schedule an appointment for a pre-employment drug test.  The number is (909) 980-4030 extension 113.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>At Will Statement - </B>       The employment relationship is based on the mutual consent of the associate and Citizens
Business Bank.  Accordingly, at any time, either the associate or the Bank can terminate the employment relationship at
will, with or without cause or advance notice.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Scott, please feel free to call Jay or myself if you should have any questions or require additional information.
Please let me know whether you accept the offer no later than five (5) days from the date of this letter.  If you do
accept, as we hope, I ask that you sign and return one copy of this letter.  In the meantime, I would be glad to discuss
any aspect of it with you further.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sincerely,</FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>By: /s/ David M. Krebs</U><BR>David M. Krebs
<BR>Senior Vice President
<BR>Director of Human Resources</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>I have read this offer and accept the terms of the position described herein.</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>By:/s/ R. Scott Racusin</U>&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Date&nbsp; April 29, 2005</U></FONT></P>

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<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>exhibit2-042905.htm
<DESCRIPTION>SEVERANCE COMP AGMT
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<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>EXHIBIT 10.2 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SEVERENCE COMPENSATION
AGREEMENT </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This agreement is entered into the
14th day of June, 2005 by and between Citizens Business Bank (the &#147;Bank&#148;), and
R. Scott Racusin, EVP of the Bank (the &#147;Executive&#148;). </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Whereas, the Bank&#146;s Board of
Directors has determined that it is appropriate to reinforce and encourage the continued
attention and dedication of members of the Bank&#146;s Senior Management Committee,
including the Executive, to their assigned duties without distraction in potentially
disturbing circumstances arising from the possibility of a Change in Control (as defined
herein) of CVB Financial Corporation (the &#147;Company&#148;) directly or indirectly the
Bank, a wholly owned subsidiary of the Company; and </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Whereas, this Agreement sets forth
the compensation which the Bank agrees it will pay to the Executive upon a Change in
Control and termination of the Executive&#146;s employment, </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Now, therefore, in consideration of
theses premises and the mutual covenants and agreements contained herein and to induce the
Executive to remain employed by the Bank and to continue to exert his best efforts on
behalf of the Bank, the parties agree as follows: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1.&nbsp;&nbsp;&nbsp;&nbsp;
          <U>Compensation Upon a Change in Control.</U> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In the event that a Change in Control
occurs during the employment of the Executive and </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Hang " FSL="Default" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp; </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          the Executive&#146;s employment is terminated by the Company or the Bank or any
          successor to the Company or the Bank other than for Cause (as defined herein)
          within one (1) year of the completion of such Change in Control; or </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang " FSL="Default" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp; </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          the Executive terminates or resigns Executive&#146;s employment for a Good
          Reason (as defined herein) within one (1) year of the completion of such Change
          in Control; </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>the Executive shall receive an amount
equal to two times the Executive&#146;s annual base compensation for the last calendar
year ended immediately preceding the Change in Control, plus two times the average annual
bonus received for the last two calendar years ended immediately preceding the Change in
Control. Such amounts shall be paid in a lump sum, less applicable employment and payroll
taxes, within five (5) days after the effective date of the termination of
Executive&#146;s employment. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2.&nbsp;&nbsp;&nbsp;&nbsp;
     <U>Definitions.</U> </FONT></P>
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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    Change in Control. For purposes of this Agreement, a &#147;Change in
                    Control&#148; shall deemed to have occurred if: </FONT></P></TD></TR></TABLE><BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    any one person, or more than one person acting as a group, acquires (or has
                    acquired during the 12 month period ending on the date of the most recent
                    acquisition) ownership of stock of the Company or the Bank possessing more than
                    50% of the total voting power of the Company&#146;s or the Bank&#146;s stock;
                    provided, however, it is expressly acknowledged by the Executive that this
                    provision shall not be applicable to any person who is, as of the date of this
                    Agreement, a Director of the Company or the Bank; </FONT></P></TD></TR></TABLE><BR>


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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
        <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
     <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a majority of the members of the Company&#146;s or the Bank&#146;s Board of
          Directors is replaced during any 12 month period by directors whose appointment
          for election is not endorsed by a majority of the members of the Company&#146;s
          or the Bank&#146;s board prior to the date of the appointment or election; </FONT></TD></TR></TABLE><BR>


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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    a merger or consolidation where the holders of the Bank&#146;s or the
                    Company&#146;s voting stock immediately prior to the effective date of such
                    merger or consolidation own less than 50% of the voting stock of the entity
                    surviving such merger or consolidation; </FONT></P></TD></TR></TABLE>
                    <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iv) </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    any one person, or more than one person acting as a group, acquired (or has
                    acquired during the twelve month period ending on the date of the most recent
                    acquisition by such person or persons) assets from the Bank that have a total
                    fair market value greater than 50% of the total fair market value of all of the
                    Bank&#146;s assets immediately before the acquisition or acquisitions; provided,
                    however, transfer of assets which otherwise would satisfy the requirements of
                    this subsection (iv) will not be treated as a change in the ownership of such
                    assets if the assets are transferred to: </FONT></P></TD></TR></TABLE>

                    <BR>

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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(A) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
          <TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>an entity, 50%
          or more of the total value or voting power of which is owned,
          directly or indirectly by the Company or the Bank;</FONT></TD></TR></TABLE>

          <BR>
<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 3" FSL="Default" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(B) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
          <TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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 the Company or
          the Bank; or </FONT></TD></TR></TABLE>

          <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 3" FSL="Default" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(C) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
          <TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          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 the Bank. </FONT></P></TD></TR></TABLE>

          <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Not
withstanding the foregoing, a Change in Control shall not be deemed to occur as a result
of any transaction which changes the jurisdiction of incorporation of the Company or the
Bank. </FONT></TD></TR></TABLE>

<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp; </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Cause. For purposes of this Agreement, the Bank shall have &#147;Cause&#148; to
          terminate the Executive&#146;s employment and shall not be obligated to make any
          payments hereunder or otherwise in the event the Executive has: </FONT></P></TD></TR></TABLE>

          <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>committed a significant act of dishonesty, deceit or breach of fiduciary duty
          in the performance of Executive&#146;s duties as an employee of the Bank; </FONT></TD></TR></TABLE>

          <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 2" FSL="Default" -->
               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    grossly neglected or willfully failed in any way to perform substantially the
                    duties of such employment; or </FONT></P></TD></TR></TABLE>

                    <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iv) </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    acted or failed to act in any other way that reflects materially and adversely
                    on the Bank. In the event of a termination of Executive&#146;s employment by the
                    Bank for Cause, the Bank shall deliver to Executive at the time the Executive is
                    notified of the termination of his employment a written statement setting forth
                    in reasonable detail the facts and circumstances claimed by the Bank to provide
                    a basis for the termination of the Executive&#146;s employment for Cause. </FONT></P></TD></TR></TABLE>

                    <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;</FONT></TD>
                    <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    Good Reason. For purposes of this Agreement, &#147;Good Reason&#148; means: </FONT></P></TD></TR></TABLE><BR>

 <!-- MARKER FORMAT-SHEET="Para (List) Hang Level 2" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i)</FONT></TD>
                    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>the Executive&#146;s then
current level of annual base salary is reduced; </FONT></P></TD></TR></TABLE>

                    <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    there is any reduction in the employee benefit coverage provided to the
                    Executive (including pension, profit sharing, deferred compensation, life
                    insurance and health insurance, but not including incentive bonuses) from the
                    coverage levels in effect immediately prior to the Change in Control, unless
                    that Company or the Bank provide substantially equivalent employee benefits to
                    the Executive; </FONT></P></TD></TR></TABLE>

                    <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    the Executive suffers a material diminution of Executive&#146;s title,
                    authority, position, reporting relationship, responsibilities or offices; </FONT></P></TD></TR></TABLE>

                    <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 2" FSL="Default" -->
               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iv) </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    there is a relocation of the Executive&#146;s principal business office by more
                    than fifty (50) miles from its existing location; or</FONT></P></TD></TR></TABLE>

                    <BR>
<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 2" FSL="Default" -->
               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(v) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
           the Company or the Bank fail to obtain assumption of any employment relating to
          Executive by any successor or assign of the Bank; provided, however, that
          termination by the Executive for Good Reason must be made in good faith. </FONT></P></TD></TR></TABLE>

          <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Flush" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3. &nbsp;&nbsp;&nbsp;&nbsp;
          <U> Term.</U> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This agreement shall terminate,
except to the extent that any obligation of the Bank hereunder remains unpaid as of such
time, upon the earliest of: </FONT></P>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          the termination of the Executive&#146;s employment from the Bank for any reason
          if a Change in Control has not occurred prior to the date of such termination; </FONT></P></TD></TR></TABLE>

          <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          three (3) years from the date hereof if a Change in Control has not occurred
          during such period; </FONT></P></TD></TR></TABLE>

          <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          the termination of Executives&#146; employment from the Bank for Cause within
          one (1) year after a Change in Control; </FONT></P></TD></TR></TABLE>

          <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 2" FSL="Default" -->
               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iv) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          one (1) year after a Change in Control if Executive is still employed with the
          Bank or its successor; or </FONT></P></TD></TR></TABLE>

          <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(v) </FONT></TD>
         <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          after a Change in Control of the Company or the Bank upon satisfaction of all of
          the Company&#146;s or the Bank&#146;s obligations hereunder. </FONT></P></TD></TR></TABLE>

          <BR>

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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4. </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          <U>No Obligation to Mitigate Damages; No Effect on Other Contractual Rights.</U> </FONT></P></TD></TR></TABLE>

          <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          The Executive shall not be required to mitigate damages or the amount of any
          payment provided for under this Agreement by seeking other employment or
          otherwise, nor shall the amount of any payment provided for under this Agreement
          be reduced by any compensation earned by the Executive as the result of
          employment by another employer after the effective date of Termination, or
          otherwise, by his engagement as a consultant or his conduct of any other
          business activities. </FONT></P></TD></TR></TABLE>

          <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
         <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          The provisions of this Agreement, and any payment provided for hereunder, shall
          not reduce any amounts otherwise payable, or in any way diminish the
          Executive&#146;s existing rights, or rights which would accrue solely as a
          result of the passage of time, under any employment agreement or other plan,
          arrangement or deferred compensation agreement, except as otherwise agreed to in
          writing by the Bank and the Executive. </FONT></P></TD></TR></TABLE>

          <BR>

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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5. </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          <U>Successor to the Bank.</U> </FONT></P></TD></TR></TABLE>

          <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
         <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          The Bank will require any successor or assign (whether direct or indirect by
          purchase or otherwise) to all or substantially all of the business and/or assets
          of the Bank, by written agreement with the Executive, to assume and agree to
          perform this Agreement in full. As used in this Agreement, &#147;Bank&#148;
          shall mean the Bank as herein before defined and any successor or assign to its
          business and/or assets as aforesaid which executes and delivers the agreement
          provided for in this section 5 or which otherwise becomes bound by all the terms
          and provisions of this Agreement by operations of law. Notwithstanding the
          assumption of this Agreement by a successor assign of the Bank, if a Change in
          Control (as defined in section 2 (a) above) has occurred, the Executive shall
          have and be entitled from such successor to all rights under section 1 of this
          Agreement. </FONT></P></TD></TR></TABLE>

          <BR>
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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
       <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                    <TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          If the Executive should die while any amounts are still payable to him
          hereunder, all such amounts, unless otherwise provided herein, shall be paid in
          accordance with the terms of this Agreement to the Executive&#146;s devisee,
          legatee, or other designee or, if there be no such designee, to the
          Executive&#146;s estate. This Agreement shall, therefore, insure to the benefit
          of and be enforceable by the Executive&#146;s personal and legal
          representatives, executors, administrators, successors, heirs, distributees,
          devisees and legatees.</FONT></P></TD></TR></TABLE>

          <BR>

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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>6.</FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          <U>Confidentiality.</U> </FONT></P></TD></TR></TABLE>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Executive shall retain in
confidence any and all confidential information known to the Executive concerning the
Company and the Bank and its business so long as such information is not otherwise
publicly disclosed. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>7.&nbsp;&nbsp;&nbsp;&nbsp;
          <U>Legal Fees and Expenses.</U> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Bank shall pay all legal fees and
expenses which the Executive may incur as a result of the Bank&#146;s contesting the
validity, enforceability or the Executive&#146;s interpretation of, or determinations,
under, this Agreement if the Executive prevails in any such contest or proceeding. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>8.&nbsp;&nbsp;&nbsp;&nbsp;
          <U>Limitation on Payments.</U> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This Agreement is made expressly
subject to the provision of law codified at 12 U.S.C. 1828 (k) and 12 C.F.R. Part 359
which regulate and prohibit certain forms of benefits to Executive. Executive acknowledges
that he understands these sections of law and that the Bank&#146;s obligations to make
payments hereunder are expressly relieved if such payments violate these sections of law
or any successors thereto. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Notwithstanding any other provisions
of this Agreement, if the total amounts payable pursuant to this Agreement, together with
other payments to which Executive is entitled, would constitute an &#147;excess parachute
payment&#148; (as defined in Section 280G of the Internal Revenue Code), as amended, such
payments shall be reduced, in such order and manner as the Bank and/or Resulting Entity
may elect, (or in the absence of such elections, as shall be determined by Executive), to
the largest amount which may be paid without any portion of such amount being subject to
the excise tax imposed by Section 4999 of the Internal Revenue Code. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>9. &nbsp;&nbsp;&nbsp;&nbsp;
          <U>Notice. </U></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For purposes of this Agreement,
notices and all other communications provided for in the Agreement shall be in writing and
shall be deemed to have been given when delivered or mailed by United States registered
mail, return receipt requested, postage prepaid as follows: </FONT></P>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
If the Bank:      Citizens Business Bank
                  701 N. Haven Avenue, Suite 350
                  Ontario, California 91764
                  Attention:  D. Linn Wiley, President and CEO
</FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If to the Executive: At the address
below his signature or such other address as either party may have been furnished to the
other in writing in accordance herewith, except that notices of change of address shall be
effective only upon receipt. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>10.&nbsp;&nbsp;&nbsp;&nbsp;
          <U> Validity.</U></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The invalidity or unenforceability of
any provisions of this Agreement shall not affect the validity or enforceability of any
other provision of this Agreement, which shall remain in full force and effect. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>11.&nbsp;&nbsp;&nbsp;&nbsp;
          <U> Counterparts.</U></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This Agreement may be executed in one
or more counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same instrument. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>12.&nbsp;&nbsp;&nbsp;&nbsp;
          <U> Miscellaneous.</U></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>No provisions of this Agreement may
be modified, waived or discharged unless such waiver, modification or discharge is agreed
to in writing signed by the Executive and the Bank. No waiver by either party hereto at
any time of any breach by the other party hereto of, or compliance with, any condition or
provision of this Agreement to be performed by such other party shall be deemed a waiver
of similar or dissimilar provisions or conditions at the same or any prior to subsequent
time. No agreements or representations, oral or otherwise, express or implied, with
respect to the subject matter hereof have been made by either party which are not set
forth expressly in this Agreement. This Agreement shall be governed by and construed in
accordance with the laws of the State of California. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>IN WITNESS WHEREOF, the parties have
executed this Agreement as of the date first written above, </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Citizens Business Bank </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Sub 1 Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;<U>By:/s/D. Linn Wiley</U></I><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Linn Wiley<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President
and CEO</FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXECUTIVE:<I>&nbsp;&nbsp;&nbsp;<U>By:/s/R. Scott Racusin</U></I></FONT><BR>
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;R. Scott Racusin, EVP

<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Address: 701 N. Haven
Avenue<BR><BR>

City and State: Ontario,
California 91764 </FONT></P>
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