<SUBMISSION>
<ACCESSION-NUMBER>0000354647-06-000030
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>7
<PERIOD>20060315
<ITEMS>1.01
<ITEMS>9.01
<FILING-DATE>20060321
<DATE-OF-FILING-DATE-CHANGE>20060321
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CVB FINANCIAL CORP
<CIK>0000354647
<ASSIGNED-SIC>6022
<IRS-NUMBER>953629339
<STATE-OF-INCORPORATION>CA
<FISCAL-YEAR-END>1206
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-10140
<FILM-NUMBER>06701817
</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-execsalaries031506.htm
<DESCRIPTION>NEW EXEC. SALARIES.
<TEXT>
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<TITLE></TITLE>
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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>March 15, 2006</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>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<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">
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<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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<!-- 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;On
March 15, 2006, the Compensation Committee of CVB Financial Corp. (&#147;CVB&#148;)
approved new annual salaries for CVB&#146;s executive officers (the &#147;Executive
Officers&#148;). The annual salaries are as follows: D. Linn Wiley, President and Chief
Executive Officer, $565,000;  Edward J.
Biebrich, Jr., Executive Vice President and Chief Financial Officer, $265,000; Jay W.
Coleman, Executive Vice President, Sales and Service, $265,000; Edward J. Mylett, Jr.,
Executive Vice President, Credit Management Division, $245,000; and R. Scott Racusin, Executive
Vice President, Financial Advisory Services Division, $200,000.  A schedule reflecting
these salaries is attached hereto as Exhibit 10.1. </FONT></P>




<!-- 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;In
addition, on March 15, 2006, the Compensation Committee approved and awarded 20,000 shares of CVB&#146;s
common stock at an exercise price of $17.00 to Mr. Edward J. Mylett, Jr., Executive Vice President,
Credit Management Division.  The stock option vests in equal installments over a
five year period.  The option was granted pursuant to CVB&#146;s 2000 Stock Option Plan.

 </FONT></P>






<!-- 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;Also
on March 15, 2006, the Compensation Committee approved new Severance
Compensation Agreements for each of the Executive Officers, including its President and Chief Executive
Officer.  These agreements provide that in the event a &#147;Change in Control,&#148; as described below,
occurs during the executive&#146;s employment and (i) 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) 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 (2) the executive's annual base compensation plus two times (2) the average of the
last two years' bonuese paid to the executive for the last calendar year immediately preceding the
Change in Control.  This amount will be paid in installments over a period of time after the effective
date of termination of the executive's employment.


</FONT></P>




<!-- 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;A
&#147;Change in Control&#148; occurs if, among other things:</FONT></P>






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                    <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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                    <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></P></TD>
                    </TR>
                    </TABLE>
                    <BR>

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                    <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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                    <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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          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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; (b) 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>


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          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Company or the Bank; or</FONT></TD>
          </TR>
          </TABLE>
          <BR>





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          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Bank. </FONT></TD>
          </TR>
          </TABLE>
          <BR>






<!-- 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;
&#147;Good Reason&#148; includes (i) the executive's then current level of annual base salary
or employee benefit coverage is reduced; (ii) the executive suffers a material diminution in, among
other items, title, authority or responsibilities; or (iii) the executive's principal business office
is relocated by more than 50 miles from its existing location.

</FONT></P>



<!-- 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;
These agreements supersede in their entirety the original severance agreements entered into by
and between the Executives and the Bank on April 1, 2004 and August 31, 2005.  These agreements will
terminate on March 15, 2009 if a &#147;Change in Control&#148; has not occurred prior to such date.

</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;Shell Company Transactions
</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;(d)&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;Schedule of Base Salaries of Named Executive Officers of the Registrant
for 2006<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 for D. Linn Wiley<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;10.3&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;Severance Compensation Agreement for Edward J. Biebrich, Jr.<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;10.4&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;Severance Compensation Agreement for Jay W. Coleman<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;10.5&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;Severance Compensation Agreement for Edward J. Mylett, Jr.<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;10.6&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;Severance Compensation Agreement for R. Scott Racusin<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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     <TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date: March 20, 2006  </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>
</TABLE>

<BR><BR>



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<FILENAME>exhibit1-031506.htm
<DESCRIPTION>SCHEDULE OF EXEC. BASE SALARIES
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<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>EXHIBIT 10.1</B> </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Sub 3 Left" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>BASE SALARIES OF NAMED
EXECUTIVE OFFICERS OF THE REGISTRANT</B>
 </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As of April 1, 2006, the Compensation
Committee of CVB Financial Corp. has set the following base salaries (on an annual basis)
for our named executive officers: </FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Linn Wiley&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 565,000<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;President, Chief Executive Officer
<BR><BR>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edward J. Biebrich, Jr.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;
$ 265,000<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President, Chief Financial Officer
<BR><BR>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jay W. Coleman&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 265,000<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President, Sales and Service Division
<BR><BR>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edward J. Mylett, Jr.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;$ 245,000<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President, Credit Management Division
<BR><BR>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;R. Scott Racusin
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 200,000<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President, Financial Advisory Services Division
<BR><BR>





</FONT></P>
<BR>


<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each of the named executive officers
will be eligible to receive a discretionary bonus for 2006 pursuant to the CVB Financial
Corporation (&#147;CVB&#148;) Discretionary Performance Compensation Plan. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In addition, each of the named
executive officers receives the right to use a bank owned automobile.   CVB also pays the
country club dues for Messrs. Wiley, Coleman, Mylett and Racusin and health club dues for
Mr. Coleman. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Like all employees of CVB, each of
the named executive officers is also eligible to receive an allocation pursuant to
CVB&#146;s 401(k) and Profit Sharing Plan. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each of the named executive officers
is also eligible to participate in the CVB 2000 Stock Option Plan. </FONT></P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>exhibit2dlw-031506.htm
<DESCRIPTION>SEV COMP AGMT - WILEY
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>





<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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>SEVERANCE 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
15th day of March, 2006, by and between Citizens Business Bank (the &#147;Bank&#148;), and
D. Linn Wiley, President and CEO, 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 or resignation 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
these promises 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 Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Compensation Upon a Change in Control. </U></B></FONT></P>







<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          In the event that a Change in Control occurs during the employment of the
          Executive and</FONT><BR>
<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 employment is terminated by the Company or the Bank
or any successor to the Company or the Bank other than for Cause (as defined below) 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 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>(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>
                     the Executive resigns his employment for any reason 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 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>
                    the Executive is offered a position with any successor to the Company or the
                    Bank at or around the time of such Change in Control but decides that he does
                    not wish to accept such a position and, as a result, the Executive suffers a job
                    loss (either by termination or resignation); </FONT></P></TD>
                    </TR>
                    </TABLE>
                    <BR>

<!-- MARKER FORMAT-SHEET="Para Flush Level 1" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><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, less applicable withholdings,
employment and payroll taxes (which taxes shall be paid upon termination or resignation of
Executive&#146;s employment or at the time payments are made hereunder, as required by
law), shall be paid (without interest or other adjustment) in 120 equal monthly
installments on the first day of each month commencing with the first such date that is at
least six (6) months after the effective date of the termination or resignation of the
Executive&#146;s employment and continuing for 119 successive months thereafter. This
payment schedule is intended to comply with the requirements of Section 409A of the
Internal Revenue Code and shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>









<!-- MARKER FORMAT-SHEET="Para (List) Flush Level 1" FSL="Default" -->
               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

                     The Executive may designate in writing (only on a form provided by the Bank and
                    delivered by the Executive to the Bank before Executive&#146;s death) primary
                    and contingent beneficiaries to receive the balance of any payment under Section
                    1A that are not made prior to the Executive&#146;s death and the proportions in
                    which such beneficiaries are to receive such payment. The total amount of the
                    balance of such payment shall be paid to such beneficiaries in a single
                    unreduced lump sum payment made within ninety (90) days following the
                    Executive&#146;s death. The Executive may change beneficiary designations from
                    time to time by completing and delivering additional such forms to the Bank. The
                    last written beneficiary designation delivered by the Executive to the Bank
                    prior to the Executive&#146;s death will control. If the Executive fails to
                    designate a beneficiary in such manner, or if no designated beneficiary survives
                    the Executive, then Executive&#146;s payment balance shall be paid to the
                    Executive&#146;s estate in an unreduced lump sum payment within ninety (90) days
                    following the Executive&#146;s death. </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





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





<!-- MARKER FORMAT-SHEET="Para (List) Flush Level 1" FSL="Default" -->
               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><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>
                    Change in Control. For purposes of this Agreement, a &#147;Change in
                    Control&#148; shall be deemed to have occurred if: </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>
                    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>

<!-- 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>(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></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>(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>

<!-- 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>
                    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>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Level 4" FSL="Default" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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; (b) 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) Flush Level 4" FSL="Default" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Company or the Bank; or</FONT></TD>
          </TR>
          </TABLE>
          <BR>





<!-- MARKER FORMAT-SHEET="Para (List) Flush Level 4" FSL="Default" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Bank. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

<!-- MARKER FORMAT-SHEET="Para Flush Level 1" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Each
event comprising a Change in Control is intended to constitute a &#147;change in ownership
or effective control&#148;, or a &#147;change in the ownership of a substantial portion of
the assets,&#148; of the Company or the Bank as such terms are defined for purposes of
Section 409A of the Internal Revenue Code and &#147;Change in Control&#148; as used herein
shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Flush Level 1" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Notwithstanding
the foregoing, a Change in Control shall not be deemed to occur as a result of any
transaction which merely changes the jurisdiction of incorporation of the Company or the
Bank. </FONT></TD>
</TR>
</TABLE>
<BR>








<!-- MARKER FORMAT-SHEET="Para (List) Flush Level 1" FSL="Default" -->
               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
          </TR>
          </TABLE>
          <BR>








<!-- MARKER FORMAT-SHEET="Para (List) Flush 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>(i) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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) Flush 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>(ii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           grossly neglected or willfully failed in any way to perform substantially the
          duties of such employment; or </FONT></TD>
          </TR>
          </TABLE>
          <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Flush 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>(iii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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></TD>
          </TR>
          </TABLE>
          <BR>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>3.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Term. </U></B></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=3%><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=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               the termination or resignation 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 or resignation; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;


                     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
                    resignation, or otherwise, by his engagement as a consultant or his conduct of
                    any other business activities.  </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
                    </TR>
                    </TABLE>
                    <BR>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Successor to the Bank. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
                    </TR>
                    </TABLE>
                    <BR>


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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          If the Executive should die while any amounts are still payable to him
          hereunder, all such amounts shall be paid in accordance with the terms of this
          Agreement to the Executive&#146;s designated beneficiary(ies) or, if there are
          no such designated beneficiary(ies), to the Executive&#146;s estate. This
          Agreement shall, therefore, inure to the benefit of and be enforceable by the
          Executive&#146;s designated beneficiaries, personal and legal representatives,
          executors, administrators, successors, heirs, distributees, devisees and
          legatees.   </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Confidentiality. </U></B></FONT></P>




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<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><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Legal Fees and Expenses. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Limitation on Payments. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Notwithstanding any other provisions
of this Agreement, if the Company&#146;s principal tax advisor determines that 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 and Executive may
agree, (or in the absence of such agreement, 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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>9.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Notice. </U></B></FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
If the Bank:&nbsp;&nbsp;&nbsp;Citizens Business Bank<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  701 N. Haven Avenue, Suite 350<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Ontario, California 91764<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Attention:  D. Linn Wiley, President and CEO<BR>
</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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Validity. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Counterparts. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Miscellaneous. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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. Any and all prior discussions, negotiations and/or
agreements on the subject matter hereof here merged and integrated into and are superseded
by this Agreement, including but not limited to the Severance Compensation Agreement entered
into by and between the Executive and the Bank on April 1, 2004. This Agreement shall
be governed by and construed in accordance with the laws of the State of California. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<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/George Borba</U></I><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;George Borba<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman of the Board</FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXECUTIVE:<I>&nbsp;&nbsp;&nbsp;
<U>By:/s/D. Linn Wiley</U></I><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;D. Linn Wiley<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;President and CEO
</FONT><BR>

<!-- 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>

<PAGE>





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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>4
<FILENAME>exhibit3ejb-031506.htm
<DESCRIPTION>SEV COMP AGMT - BIEBRICH
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>





<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT 10.3 </FONT></H1>





<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SEVERANCE 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
15th day of March, 2006, by and between Citizens Business Bank (the &#147;Bank&#148;), and
Edward J. Biebrich, Jr., Executive Vice President, 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 or resignation 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
these promises 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 Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Compensation Upon a Change in Control. </U></B></FONT></P>







<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          In the event that a Change in Control occurs during the employment of the
          Executive and</FONT><BR>
<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 employment is terminated by the Company or the Bank
or any successor to the Company or the Bank other than for Cause (as defined below) within one (1) year of
the completion of such Change in Control; 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>(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>
                     the Executive resigns his employment for any reason within one (1) year of the
                    completion of such Change in Control; 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>(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 is offered a position with any successor to the Company or the
                    Bank at or around the time of such Change in Control but decides that he does
                    not wish to accept such a position and, as a result, the Executive suffers a job
                    loss (either by termination or resignation); </FONT></P></TD>
                    </TR>
                    </TABLE>
                    <BR>

<!-- MARKER FORMAT-SHEET="Para Flush Level 1" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><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, less applicable withholdings,
employment and payroll taxes (which taxes shall be paid upon termination or resignation of
Executive&#146;s employment or at the time payments are made hereunder, as required by
law), shall be paid (without interest or other adjustment) in 120 equal monthly
installments on the first day of each month commencing with the first such date that is at
least six (6) months after the effective date of the termination or resignation of the
Executive&#146;s employment and continuing for 119 successive months thereafter. This
payment schedule is intended to comply with the requirements of Section 409A of the
Internal Revenue Code and shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>









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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

                     The Executive may designate in writing (only on a form provided by the Bank and
                    delivered by the Executive to the Bank before Executive&#146;s death) primary
                    and contingent beneficiaries to receive the balance of any payment under Section
                    1A that are not made prior to the Executive&#146;s death and the proportions in
                    which such beneficiaries are to receive such payment. The total amount of the
                    balance of such payment shall be paid to such beneficiaries in a single
                    unreduced lump sum payment made within ninety (90) days following the
                    Executive&#146;s death. The Executive may change beneficiary designations from
                    time to time by completing and delivering additional such forms to the Bank. The
                    last written beneficiary designation delivered by the Executive to the Bank
                    prior to the Executive&#146;s death will control. If the Executive fails to
                    designate a beneficiary in such manner, or if no designated beneficiary survives
                    the Executive, then Executive&#146;s payment balance shall be paid to the
                    Executive&#146;s estate in an unreduced lump sum payment within ninety (90) days
                    following the Executive&#146;s death. </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





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





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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><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>
                    Change in Control. For purposes of this Agreement, a &#147;Change in
                    Control&#148; shall be deemed to have occurred if: </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>
                    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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                    <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></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>
                    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=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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; (b) 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>


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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Company or the Bank; or</FONT></TD>
          </TR>
          </TABLE>
          <BR>





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          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Bank. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Each
event comprising a Change in Control is intended to constitute a &#147;change in ownership
or effective control&#148;, or a &#147;change in the ownership of a substantial portion of
the assets,&#148; of the Company or the Bank as such terms are defined for purposes of
Section 409A of the Internal Revenue Code and &#147;Change in Control&#148; as used herein
shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Notwithstanding
the foregoing, a Change in Control shall not be deemed to occur as a result of any
transaction which merely 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=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></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>(i) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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>

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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>(ii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           grossly neglected or willfully failed in any way to perform substantially the
          duties of such employment; or </FONT></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>(iii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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></TD>
          </TR>
          </TABLE>
          <BR>






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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>3.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Term. </U></B></FONT></P>




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<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=3%><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=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               the termination or resignation 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 or resignation; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;


                     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
                    resignation, or otherwise, by his engagement as a consultant or his conduct of
                    any other business activities.  </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
                    </TR>
                    </TABLE>
                    <BR>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Successor to the Bank. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
                    </TR>
                    </TABLE>
                    <BR>


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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          If the Executive should die while any amounts are still payable to him
          hereunder, all such amounts shall be paid in accordance with the terms of this
          Agreement to the Executive&#146;s designated beneficiary(ies) or, if there are
          no such designated beneficiary(ies), to the Executive&#146;s estate. This
          Agreement shall, therefore, inure to the benefit of and be enforceable by the
          Executive&#146;s designated beneficiaries, personal and legal representatives,
          executors, administrators, successors, heirs, distributees, devisees and
          legatees.   </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Confidentiality. </U></B></FONT></P>




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<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><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Legal Fees and Expenses. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Limitation on Payments. </U></B></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>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Notwithstanding any other provisions
of this Agreement, if the Company&#146;s principal tax advisor determines that 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 and Executive may
agree, (or in the absence of such agreement, 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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>9.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Notice. </U></B></FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
If the Bank:&nbsp;&nbsp;&nbsp;Citizens Business Bank<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  701 N. Haven Avenue, Suite 350<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Ontario, California 91764<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Attention:  D. Linn Wiley, President and CEO<BR>
</FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Validity. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Counterparts. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Miscellaneous. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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. Any and all prior discussions, negotiations and/or
agreements on the subject matter hereof here merged and integrated into and are superseded
by this Agreement, including but not limited to the Severance Compensation Agreement entered
into by and between the Executive and the Bank on April 1, 2004. This Agreement shall
be governed by and construed in accordance with the laws of the State of California. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<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/Edward J. Biebrich, Jr.</U></I><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;Edward J. Biebrich, Jr.<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;Executive Vice President
</FONT><BR>

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<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>

<PAGE>





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<TYPE>EX-10
<SEQUENCE>5
<FILENAME>exhibit4jwc-031506.htm
<DESCRIPTION>SEV COMP AGMT - COLEMAN
<TEXT>
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<TITLE></TITLE>
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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT 10.4 </FONT></H1>





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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SEVERANCE COMPENSATION
AGREEMENT </FONT></H1>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This agreement is entered into the
15th day of March, 2006, by and between Citizens Business Bank (the &#147;Bank&#148;), and
Jay W. Coleman, Executive Vice President, of the Bank (the &#147;Executive&#148;). </FONT></P>



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<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>

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<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 or resignation of the Executive&#146;s employment, </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Now, therefore, in consideration of
these promises 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>










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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Compensation Upon a Change in Control. </U></B></FONT></P>







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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          In the event that a Change in Control occurs during the employment of the
          Executive and</FONT><BR>
<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 employment is terminated by the Company or the Bank
or any successor to the Company or the Bank other than for Cause (as defined below) within one (1) year of
the completion of such Change in Control; 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>(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>
                     the Executive resigns his employment for any reason within one (1) year of the
                    completion of such Change in Control; 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>(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 is offered a position with any successor to the Company or the
                    Bank at or around the time of such Change in Control but decides that he does
                    not wish to accept such a position and, as a result, the Executive suffers a job
                    loss (either by termination or resignation); </FONT></P></TD>
                    </TR>
                    </TABLE>
                    <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><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, less applicable withholdings,
employment and payroll taxes (which taxes shall be paid upon termination or resignation of
Executive&#146;s employment or at the time payments are made hereunder, as required by
law), shall be paid (without interest or other adjustment) in 120 equal monthly
installments on the first day of each month commencing with the first such date that is at
least six (6) months after the effective date of the termination or resignation of the
Executive&#146;s employment and continuing for 119 successive months thereafter. This
payment schedule is intended to comply with the requirements of Section 409A of the
Internal Revenue Code and shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>









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                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

                     The Executive may designate in writing (only on a form provided by the Bank and
                    delivered by the Executive to the Bank before Executive&#146;s death) primary
                    and contingent beneficiaries to receive the balance of any payment under Section
                    1A that are not made prior to the Executive&#146;s death and the proportions in
                    which such beneficiaries are to receive such payment. The total amount of the
                    balance of such payment shall be paid to such beneficiaries in a single
                    unreduced lump sum payment made within ninety (90) days following the
                    Executive&#146;s death. The Executive may change beneficiary designations from
                    time to time by completing and delivering additional such forms to the Bank. The
                    last written beneficiary designation delivered by the Executive to the Bank
                    prior to the Executive&#146;s death will control. If the Executive fails to
                    designate a beneficiary in such manner, or if no designated beneficiary survives
                    the Executive, then Executive&#146;s payment balance shall be paid to the
                    Executive&#146;s estate in an unreduced lump sum payment within ninety (90) days
                    following the Executive&#146;s death. </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





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





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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><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>
                    Change in Control. For purposes of this Agreement, a &#147;Change in
                    Control&#148; shall be 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></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>
                    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=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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; (b) 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>


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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Company or the Bank; or</FONT></TD>
          </TR>
          </TABLE>
          <BR>





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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Bank. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Each
event comprising a Change in Control is intended to constitute a &#147;change in ownership
or effective control&#148;, or a &#147;change in the ownership of a substantial portion of
the assets,&#148; of the Company or the Bank as such terms are defined for purposes of
Section 409A of the Internal Revenue Code and &#147;Change in Control&#148; as used herein
shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Notwithstanding
the foregoing, a Change in Control shall not be deemed to occur as a result of any
transaction which merely 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=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></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>(i) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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>

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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>(ii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           grossly neglected or willfully failed in any way to perform substantially the
          duties of such employment; or </FONT></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>(iii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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></TD>
          </TR>
          </TABLE>
          <BR>






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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>3.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Term. </U></B></FONT></P>




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<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=3%><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=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               the termination or resignation 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 or resignation; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;


                     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
                    resignation, or otherwise, by his engagement as a consultant or his conduct of
                    any other business activities.  </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>




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                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
                    </TR>
                    </TABLE>
                    <BR>






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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Successor to the Bank. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
                    </TR>
                    </TABLE>
                    <BR>


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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          If the Executive should die while any amounts are still payable to him
          hereunder, all such amounts shall be paid in accordance with the terms of this
          Agreement to the Executive&#146;s designated beneficiary(ies) or, if there are
          no such designated beneficiary(ies), to the Executive&#146;s estate. This
          Agreement shall, therefore, inure to the benefit of and be enforceable by the
          Executive&#146;s designated beneficiaries, personal and legal representatives,
          executors, administrators, successors, heirs, distributees, devisees and
          legatees.   </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Confidentiality. </U></B></FONT></P>




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<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><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Legal Fees and Expenses. </U></B></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><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Limitation on Payments. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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 Company&#146;s principal tax advisor determines that 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 and Executive may
agree, (or in the absence of such agreement, 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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>9.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Notice. </U></B></FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
If the Bank:&nbsp;&nbsp;&nbsp;Citizens Business Bank<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  701 N. Haven Avenue, Suite 350<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Ontario, California 91764<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Attention:  D. Linn Wiley, President and CEO<BR>
</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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Validity. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Counterparts. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Miscellaneous. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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. Any and all prior discussions, negotiations and/or
agreements on the subject matter hereof here merged and integrated into and are superseded
by this Agreement, including but not limited to the Severance Compensation Agreement entered
into by and between the Executive and the Bank on April 1, 2004. This Agreement shall
be governed by and construed in accordance with the laws of the State of California. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<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/Jay W. Coleman</U></I><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;Jay W. Coleman<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;Executive Vice President
</FONT><BR>

<!-- 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>

<PAGE>





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<SEQUENCE>6
<FILENAME>exhibit5ejm-031506.htm
<DESCRIPTION>SEV COMP AGMT - MYLETT
<TEXT>
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<TITLE></TITLE>
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<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT 10.5 </FONT></H1>





<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SEVERANCE 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
15th day of March, 2006, by and between Citizens Business Bank (the &#147;Bank&#148;), and
Edward J. Mylett, Jr., Executive Vice President, 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 or resignation 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
these promises 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 Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Compensation Upon a Change in Control. </U></B></FONT></P>







<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          In the event that a Change in Control occurs during the employment of the
          Executive and</FONT><BR>
<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 employment is terminated by the Company or the Bank
or any successor to the Company or the Bank other than for Cause (as defined below) within one (1) year of
the completion of such Change in Control; 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>(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>
                     the Executive resigns his employment for any reason within one (1) year of the
                    completion of such Change in Control; 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>(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 is offered a position with any successor to the Company or the
                    Bank at or around the time of such Change in Control but decides that he does
                    not wish to accept such a position and, as a result, the Executive suffers a job
                    loss (either by termination or resignation); </FONT></P></TD>
                    </TR>
                    </TABLE>
                    <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><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, less applicable withholdings,
employment and payroll taxes (which taxes shall be paid upon termination or resignation of
Executive&#146;s employment or at the time payments are made hereunder, as required by
law), shall be paid (without interest or other adjustment) in 120 equal monthly
installments on the first day of each month commencing with the first such date that is at
least six (6) months after the effective date of the termination or resignation of the
Executive&#146;s employment and continuing for 119 successive months thereafter. This
payment schedule is intended to comply with the requirements of Section 409A of the
Internal Revenue Code and shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>









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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

                     The Executive may designate in writing (only on a form provided by the Bank and
                    delivered by the Executive to the Bank before Executive&#146;s death) primary
                    and contingent beneficiaries to receive the balance of any payment under Section
                    1A that are not made prior to the Executive&#146;s death and the proportions in
                    which such beneficiaries are to receive such payment. The total amount of the
                    balance of such payment shall be paid to such beneficiaries in a single
                    unreduced lump sum payment made within ninety (90) days following the
                    Executive&#146;s death. The Executive may change beneficiary designations from
                    time to time by completing and delivering additional such forms to the Bank. The
                    last written beneficiary designation delivered by the Executive to the Bank
                    prior to the Executive&#146;s death will control. If the Executive fails to
                    designate a beneficiary in such manner, or if no designated beneficiary survives
                    the Executive, then Executive&#146;s payment balance shall be paid to the
                    Executive&#146;s estate in an unreduced lump sum payment within ninety (90) days
                    following the Executive&#146;s death. </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





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





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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><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>
                    Change in Control. For purposes of this Agreement, a &#147;Change in
                    Control&#148; shall be deemed to have occurred if: </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>
                    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></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>
                    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=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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; (b) 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>


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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Company or the Bank; or</FONT></TD>
          </TR>
          </TABLE>
          <BR>





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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Bank. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Each
event comprising a Change in Control is intended to constitute a &#147;change in ownership
or effective control&#148;, or a &#147;change in the ownership of a substantial portion of
the assets,&#148; of the Company or the Bank as such terms are defined for purposes of
Section 409A of the Internal Revenue Code and &#147;Change in Control&#148; as used herein
shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Notwithstanding
the foregoing, a Change in Control shall not be deemed to occur as a result of any
transaction which merely 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=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></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>(i) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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>

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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>(ii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           grossly neglected or willfully failed in any way to perform substantially the
          duties of such employment; or </FONT></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>(iii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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></TD>
          </TR>
          </TABLE>
          <BR>






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




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<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=3%><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=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               the termination or resignation 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 or resignation; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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>








<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;


                     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
                    resignation, or otherwise, by his engagement as a consultant or his conduct of
                    any other business activities.  </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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, including but not limited to
Executive&#146;s rights under that certain Salary Continuation Agreement between Executive and
Western Security Bank, NA, which was assumed by Bank in connection with its acquisition of
Western Security Bank, NA, except as otherwise agreed to in
          writing by the Bank and the Executive.  </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Successor to the Bank. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
                    </TR>
                    </TABLE>
                    <BR>


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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          If the Executive should die while any amounts are still payable to him
          hereunder, all such amounts shall be paid in accordance with the terms of this
          Agreement to the Executive&#146;s designated beneficiary(ies) or, if there are
          no such designated beneficiary(ies), to the Executive&#146;s estate. This
          Agreement shall, therefore, inure to the benefit of and be enforceable by the
          Executive&#146;s designated beneficiaries, personal and legal representatives,
          executors, administrators, successors, heirs, distributees, devisees and
          legatees.   </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Confidentiality. </U></B></FONT></P>




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<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><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Legal Fees and Expenses. </U></B></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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Limitation on Payments. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Notwithstanding any other provisions
of this Agreement, if the Company&#146;s principal tax advisor determines that 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 and Executive may
agree, (or in the absence of such agreement, 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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>9.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Notice. </U></B></FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
If the Bank:&nbsp;&nbsp;&nbsp;Citizens Business Bank<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  701 N. Haven Avenue, Suite 350<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Ontario, California 91764<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Attention:  D. Linn Wiley, President and CEO<BR>
</FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Validity. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Counterparts. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Miscellaneous. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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. Any and all prior discussions, negotiations and/or
agreements on the subject matter hereof here merged and integrated into and are superseded
by this Agreement, including but not limited to the Severance Compensation Agreement entered
into by and between the Executive and the Bank on August 31, 2005. This Agreement shall
be governed by and construed in accordance with the laws of the State of California. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<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/Edward J. Mylett, Jr.</U></I><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;Edward J. Mylett, Jr.<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;Executive Vice President
</FONT><BR>

<!-- 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>

<PAGE>





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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>7
<FILENAME>exhibit6rsr-031506.htm
<DESCRIPTION>SEV COMP AGMT - RACUSIN
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>





<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT 10.6 </FONT></H1>





<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SEVERANCE 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
15th day of March, 2006, by and between Citizens Business Bank (the &#147;Bank&#148;), and
R. Scott Racusin, Executive Vice President, 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 or resignation 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
these promises 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 Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Compensation Upon a Change in Control. </U></B></FONT></P>







<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          In the event that a Change in Control occurs during the employment of the
          Executive and</FONT><BR>
<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 employment is terminated by the Company or the Bank
or any successor to the Company or the Bank other than for Cause (as defined below) within one (1) year of
the completion of such Change in Control; 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>(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>
                     the Executive resigns his employment for any reason within one (1) year of the
                    completion of such Change in Control; 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>(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 is offered a position with any successor to the Company or the
                    Bank at or around the time of such Change in Control but decides that he does
                    not wish to accept such a position and, as a result, the Executive suffers a job
                    loss (either by termination or resignation); </FONT></P></TD>
                    </TR>
                    </TABLE>
                    <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><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, less applicable withholdings,
employment and payroll taxes (which taxes shall be paid upon termination or resignation of
Executive&#146;s employment or at the time payments are made hereunder, as required by
law), shall be paid (without interest or other adjustment) in 120 equal monthly
installments on the first day of each month commencing with the first such date that is at
least six (6) months after the effective date of the termination or resignation of the
Executive&#146;s employment and continuing for 119 successive months thereafter. This
payment schedule is intended to comply with the requirements of Section 409A of the
Internal Revenue Code and shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>









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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

                     The Executive may designate in writing (only on a form provided by the Bank and
                    delivered by the Executive to the Bank before Executive&#146;s death) primary
                    and contingent beneficiaries to receive the balance of any payment under Section
                    1A that are not made prior to the Executive&#146;s death and the proportions in
                    which such beneficiaries are to receive such payment. The total amount of the
                    balance of such payment shall be paid to such beneficiaries in a single
                    unreduced lump sum payment made within ninety (90) days following the
                    Executive&#146;s death. The Executive may change beneficiary designations from
                    time to time by completing and delivering additional such forms to the Bank. The
                    last written beneficiary designation delivered by the Executive to the Bank
                    prior to the Executive&#146;s death will control. If the Executive fails to
                    designate a beneficiary in such manner, or if no designated beneficiary survives
                    the Executive, then Executive&#146;s payment balance shall be paid to the
                    Executive&#146;s estate in an unreduced lump sum payment within ninety (90) days
                    following the Executive&#146;s death. </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





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





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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><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>
                    Change in Control. For purposes of this Agreement, a &#147;Change in
                    Control&#148; shall be 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></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>
                    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=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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; (b) 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>


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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Company or the Bank; or</FONT></TD>
          </TR>
          </TABLE>
          <BR>





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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 the Bank. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Each
event comprising a Change in Control is intended to constitute a &#147;change in ownership
or effective control&#148;, or a &#147;change in the ownership of a substantial portion of
the assets,&#148; of the Company or the Bank as such terms are defined for purposes of
Section 409A of the Internal Revenue Code and &#147;Change in Control&#148; as used herein
shall be interpreted consistently therewith. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Notwithstanding
the foregoing, a Change in Control shall not be deemed to occur as a result of any
transaction which merely 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=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></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>(i) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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>

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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>(ii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           grossly neglected or willfully failed in any way to perform substantially the
          duties of such employment; or </FONT></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>(iii) </FONT></TD>
          <TD ALIGN=LEFT WIDTH=91%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

           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></TD>
          </TR>
          </TABLE>
          <BR>






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




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<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=3%><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=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               the termination or resignation 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 or resignation; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><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=94%><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=3%><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=94%><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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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
No Obligation to Mitigate Damages; No Effect on Other Contractual Rights. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;


                     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
                    resignation, or otherwise, by his engagement as a consultant or his conduct of
                    any other business activities.  </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
                    </TR>
                    </TABLE>
                    <BR>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Successor to the Bank. </U></B></FONT></P>




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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          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></TD>
                    </TR>
                    </TABLE>
                    <BR>


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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>
                    <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
                    <TD ALIGN=LEFT WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

          If the Executive should die while any amounts are still payable to him
          hereunder, all such amounts shall be paid in accordance with the terms of this
          Agreement to the Executive&#146;s designated beneficiary(ies) or, if there are
          no such designated beneficiary(ies), to the Executive&#146;s estate. This
          Agreement shall, therefore, inure to the benefit of and be enforceable by the
          Executive&#146;s designated beneficiaries, personal and legal representatives,
          executors, administrators, successors, heirs, distributees, devisees and
          legatees.   </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Confidentiality. </U></B></FONT></P>




<!-- 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>





<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Legal Fees and Expenses. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>






<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Limitation on Payments. </U></B></FONT></P>




<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<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>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Notwithstanding any other provisions
of this Agreement, if the Company&#146;s principal tax advisor determines that 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 and Executive may
agree, (or in the absence of such agreement, 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><B>9.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Notice. </U></B></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:&nbsp;&nbsp;&nbsp;Citizens Business Bank<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  701 N. Haven Avenue, Suite 350<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Ontario, California 91764<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                  Attention:  D. Linn Wiley, President and CEO<BR>
</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><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Validity. </U></B></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><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Counterparts. </U></B></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><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><U>
Miscellaneous. </U></B></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. Any and all prior discussions, negotiations and/or
agreements on the subject matter hereof here merged and integrated into and are superseded
by this Agreement, including but not limited to the Severance Compensation Agreement entered
into by and between the Executive and the Bank on April 1, 2004. 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><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;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;Executive Vice President
</FONT><BR>

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<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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