<SUBMISSION>
<ACCESSION-NUMBER>0000950134-09-000022
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20081205
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20090102
<DATE-OF-FILING-DATE-CHANGE>20090102
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CVB FINANCIAL CORP
<CIK>0000354647
<ASSIGNED-SIC>6022
<IRS-NUMBER>953629339
<STATE-OF-INCORPORATION>CA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-10140
<FILM-NUMBER>09501410
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>701 N HAVEN AVE STE 300
<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>v50955e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
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<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>
Date of Report (Date of earliest event reported): December&nbsp;5, 2008</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CVB FINANCIAL CORP.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
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<TR valign="bottom">
    <TD align="center" valign="top">California<BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">0-10140<BR>
(Commission file number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">95-3629339<BR>
(I.R.S. employer identification<BR>
number)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">701 North Haven Avenue, Ontario, California<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">91764<BR>
(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
Registrant&#146;s telephone number, including area code: (909)&nbsp;980-4030</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
Not Applicable<BR>

(Former name or former address, if changed since last report)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.):</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR230.425)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR240.14a-12)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR240.13e-(c))
</TD>
</TR>
</TABLE>
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>









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




<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;5.02.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On December&nbsp;5, 2008, Citizens Business Bank (the &#147;Bank&#148;), a wholly-owned subsidiary of CVB
Financial Corp. (the &#147;Company&#148;), entered into a consulting agreement with Jay W. Coleman, Executive
Vice President&#151;Sales and Service Division of the Bank. Mr.&nbsp;Coleman, who will be retiring from his
position as Executive Vice President on March&nbsp;31, 2009 (the &#147;Consulting Agreement&#148;), has agreed to provide certain consulting
services to the Bank for a two-year term beginning on April&nbsp;1,
2009, and ending on March&nbsp;31, 2011. Mr.&nbsp;Coleman will be
succeeded by Mr.&nbsp;Todd Hollander, who is currently Executive Vice
President of the Sales Division of the Bank. Remarking on the
retirement, Mr.&nbsp;Christopher D.&nbsp;Myers, President and Chief
Executive Officer of the Bank, said, &#147;We are extremely grateful
for the contributions Jay has made to this organization over the last
twenty years, and we are glad that he will be continuing to provide
service to the Bank as a consultant after his retirement. We are also
excited that Todd Hollander, who joined us in May 2008, will be
succeeding Jay during this challenging time for banks.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the Consulting Agreement, Mr.&nbsp;Coleman
is eligible to receive gross consulting fees of $8,000 per month. In addition, the Bank will (i)
reimburse Mr.&nbsp;Coleman for reasonable and necessary travel and other expenses incurred in connection
with performing the consulting services, (ii)&nbsp;provide and pay for a continuation of the health
benefits Mr.&nbsp;Coleman received as an employee of the Bank, (iii)&nbsp;reimburse Mr.&nbsp;Coleman for monthly
country club dues, but not for capital assessments, and (iv)&nbsp;permit Mr.&nbsp;Coleman to purchase the
Company automobile used during the term of his employment, at the wholesale blue book price. Mr.
Coleman may be granted stock options, at the discretion of the Company. His existing stock options
will continue to vest throughout the term of the Consulting Agreement as if Mr.&nbsp;Coleman were still
employed by the Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Consulting Agreement also provides that, during its term, Mr.&nbsp;Coleman will not solicit
customers or employees of the Bank, nor will he become employed by or provide any services to a
competing bank, directly or indirectly. The prohibition on customer solicitation shall remain in
place for one (1)&nbsp;year following the termination of the Consulting Agreement.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This discussion is qualified in its entirety by the terms of Mr.&nbsp;Coleman&#146;s Consulting Agreement, a
copy of which is attached hereto as Exhibit&nbsp;10.1 and incorporated herein by reference.</DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;9.01</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Financial Statements and Exhibits</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>(d) </B>Exhibit&nbsp;10.1. Consulting Agreement by and between Jay W. Coleman and Citizens Business Bank,
dated December&nbsp;5, 2008.</DIV>


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

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">DATE: January&nbsp;2, 2009&nbsp;</TD>
    <TD colspan="3" align="left">CVB FINANCIAL CORP.<BR>
(Registrant)<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
Christopher D. Myers</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Christopher D. Myers&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

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

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




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT INDEX
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consulting Agreement by and between Jay W.
Coleman and Citizens Business Bank, dated
December&nbsp;5, 2008.</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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




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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v50955exv10w1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML>
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<TITLE>exv10w1</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>CONSULTING AND CONFIDENTIALITY AGREEMENT</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement (the &#147;Agreement&#148;) is entered into by and between Jay Coleman (&#147;Coleman&#148;), on
the one hand, and Citizens Business Bank (together with its parents, subsidiaries and affiliated
corporations and entities, the &#147;Bank&#148;), on the other hand (collectively, the &#147;Parties&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, Coleman will remain employed by the Bank up through and including March&nbsp;31, 2009, at
which time he will retire and voluntarily resign his employment with the Bank. Thereafter, the
Bank agrees to retain Coleman as a consultant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>THEREFORE</B>, in consideration of the promises and mutual covenants contained herein, and for
other good and valuable consideration, the receipt and sufficiency of which are expressly
acknowledged, the Parties agree as follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>AGREEMENT</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U>Coleman&#146;s Retirement</U>. Pursuant to this Agreement, Coleman will retire and
voluntarily resign his employment with the Bank as of March&nbsp;31, 2009, (the &#147;Effective Date&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<U>Consulting Engagement</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;<U>General</U>. The Bank and Coleman agree that, effective on the next business day
immediately following the Effective Date, Coleman will become an independent consultant to the Bank
in accordance with the terms and conditions set forth in this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;<U>Consulting Services</U>. During the Term (defined below), Coleman shall provide
consulting services to the Bank. The services to be provided by Coleman under this Agreement are
personal in nature and are based on his unique skills, knowledge and talents as they relate to the
business of the Bank, and shall include, assisting the Bank with sales training and related
projects, customer retention, prospect and employee solicitation. On an as-needed basis, Coleman
may also be asked to participate in other events such as golf tournaments, charity lunches and
dinners, non-profit events and other &#145;ambassador&#146; type duties. As an independent consultant,
Coleman will not have express or implied authority to enter into contracts or otherwise act on
behalf of the Bank nor will he be authorized to approve loans, expense reports or charitable
donations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;<U>Outside Engagement</U>. The Bank agrees that Coleman&#146;s engagement under this Agreement
will be nonexclusive and will be limited in time so as to permit Coleman to perform duties for
another company or entity, subject to the limitations set forth in Section&nbsp;7. Coleman&#146;s
relationship to the Bank shall be solely that an independent contractor, and Coleman shall perform
all services pursuant to this Agreement as such.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;<U>Term</U>. The term of this Agreement shall begin on the next business day immediately
following the Effective Date and, unless earlier terminated by either party, shall terminate on
March&nbsp;31, 2011 (the &#147;Term&#148; or &#147;Consulting Period&#148;). This Agreement may be terminated by either
party upon ninety (90)&nbsp;days written notice to the other.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;<U>Consulting Fees</U>. Coleman is eligible to earn gross consulting fees in the total
amount of Eight Thousand Dollars ($8,000) per month, payable every thirty (30)&nbsp;days during the Term
in accordance with the Bank&#146;s normal accounts payable policies and procedures (&#147;Consulting Fees&#148;).
No taxes or other withholdings shall be deducted from the Consulting Fees, the Bank shall issue a
Form&nbsp;1099 to Coleman for consulting services rendered.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;<U>Expense Reimbursement</U>. The Bank agrees to reimburse Coleman, upon receipt of
suitable documentation, for reasonable and necessary travel and other expenses which Coleman may
incur in connection with performing consulting services pursuant to this Agreement. Coleman will
continue to possess a Bank credit card for business expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;<U>Additional Consideration to Coleman</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;<U>Health Benefits</U>. During the Term, the Bank will provide and pay for a continuation
of the health benefits Coleman received during his employment, including medical, dental and vision
benefits, as if Coleman were an employee of the Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;<U>Stock Options</U>. At the Bank&#146;s discretion, stock options may or may not be granted
to Coleman by the Bank during the Term of this Agreement. However, Coleman&#146;s existing stock
options will continue to vest throughout the Term as if Coleman were still employed by the Bank.
If this Agreement is terminated by Coleman, unvested options will terminate. If this Agreement is
terminated by the Bank, all unvested stock options shall vest. If neither party terminates this
Agreement prior to the expiration of the Term, all unvested stock options shall vest.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;<U>Automobile</U>. The Bank provided Coleman with a company automobile for use during his
employment. At the conclusion of Coleman&#146;s employment with the Bank, Coleman may purchase the
company automobile at the wholesale bluebook price. If Coleman decides to purchase the company
automobile, payment must be made to the Bank within thirty (30)&nbsp;days after the Effective Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;<U>Country Club Membership</U>. During his employment, the Bank purchased and
provided Coleman a Country Club membership. At any time during the Term of this Agreement, Coleman
may purchase the Country Club membership from the Bank at the price of $20,000. During the Term of
this Agreement, the Bank will reimburse Coleman for monthly Country Club dues, but not for capital
assessments of any kind.
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;<U>Confidentiality of Proprietary Information</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;Coleman understands and agrees that all prior agreements that Coleman has signed during or
in connection with Coleman&#146;s employment by the Bank with regard to the protection of confidential,
proprietary and trade secret information and otherwise shall continue in full force and effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;Coleman acknowledges that 1) the Bank is engaged in the business of providing business and
personal banking services and wealth management/brokerage services, throughout the state of
California (the &#147;Business&#148;); and 2) as part of Coleman&#146;s employment with the Bank and during the
Consulting Period, Coleman has been and will continue to be exposed to Proprietary Information that
relates directly to the Bank&#146;s Business. Coleman further acknowledges that because of the nature
of his work at the Bank, Coleman&#146;s engaging in similar work for another company during the Term
that, directly or indirectly, engages in the Business will create a conflict of interest and will
necessarily and inevitably involve or lead to Coleman&#146;s unauthorized use or disclosure of
Proprietary Information. Accordingly, during the Consulting Period, Coleman shall not, directly or
indirectly, become employed by or provide any services to or for any company or business that is
engaged in the Business anywhere in California or in any area where the Bank is engaged in the
Business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;Coleman acknowledges that, because of the nature of Coleman&#146;s work for the Bank, Coleman&#146;s
solicitation of or serving the Bank&#146;s past and present customers and clients would necessarily
involve the unauthorized use or disclosure of Proprietary Information, and the proprietary
relationships and goodwill of the Bank. Accordingly, during the Consulting Period and for one (1)
year following the termination of this Agreement, Coleman shall not, directly or indirectly, sell
to, solicit, induce, or interfere with, or attempt to sell to, solicit, induce or otherwise
interfere with, any person or entity then known to be a customer or client of the Bank (a
&#147;Restricted Customer/Client&#148;) in order to sell or attempt to make a sale or otherwise solicit such
Restricted Customer/Client on behalf of any other company or entity engaged in the Business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;During the Consulting Period, Coleman shall not, directly or indirectly, solicit, induce,
or attempt to solicit or induce, any person known to Coleman to be an employee or contractor of the
Bank (each such person, a &#147;Bank Person&#148;) to terminate his employment or other relationship with the
Bank for the purpose of associating with 1) any entity that engages in the Business of which
Coleman is or becomes an officer, director, member, partner, principal, agent, employee or
consultant, or 2) any competitor of the Bank in the Business, or otherwise encourage any Bank
Person to terminate his employment or other relationship with the Bank for any other purpose or no
purpose.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.&nbsp;If Coleman breaches, or threatens to commit a breach of, any of the provisions of this
Agreement, the Bank and its affiliates, successors or assigns shall have the right and remedy to
obtain injunctive relief, it being agreed that any breach or threatened breach of any of the
restrictive covenants in this Agreement would cause irreparable injury to the Bank and its
affiliates, successors or assigns and that money damages would not provide an adequate remedy to
the Bank and its subsidiaries, affiliates, successors or assigns
</DIV>

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</DIV>

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




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;<U>Confidentiality of Agreement</U>. Coleman agrees that he will keep the facts and terms
of this Agreement completely confidential and that he will not hereafter disclose any information
concerning this Agreement to anyone other than his spouse, lawyers and/or accountants, provided
that any party hereto may make such disclosures as are required by law and as are necessary for
legitimate law enforcement or compliance purposes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;<U>Governing Law</U>. This Agreement shall be governed by and construed and enforced
pursuant to the laws of the State of California applicable to contracts made and entirely to be
performed therein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;<U>Binding Arbitration of Disputes</U>. Any controversy or claim arising out of or
relating to this Agreement, its performance or breach, including the validity, scope and
enforceability of this Agreement to arbitrate, Employee&#146;s employment or his termination from
employment, and which exceeds the jurisdictional limitations of small claims court, shall be
settled by arbitration in accordance with the Employment Arbitration Rules of the American
Arbitration Association, pursuant to the provisions of the Federal Arbitration Act. The rules are
available at www.adr.org. The parties shall each bear their respective costs for legal
representation at any such arbitration, except to the extent attorney&#146;s fees are explicitly
provided by law. The cost of the arbitrator and court reporter, if any, shall initially be born by
the Bank; however, the Arbitrator shall have the discretion to award appropriate costs to the
prevailing party, as provided by law. Said arbitration shall take place in Ontario, California or
a mutually agreed upon location.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>COLEMAN IS ENCOURAGED TO TAKE THIS AGREEMENT HOME, READ IT, AND CAREFULLY CONSIDER ALL OF ITS
PROVISIONS BEFORE SIGNING IT; IT INCLUDES A RELEASE OF KNOWN AND UNKNOWN CLAIMS AND A WAIVER OF
YOUR RIGHT TO A JURY. COLEMAN IS ALSO ENCOURAGED TO CONSULT WITH A PRIVATE ATTORNEY BEFORE SIGNING
THIS AGREEMENT. WHETHER COLEMAN DOES SO IS COLEMAN&#146;S DECISION.</B></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *
</DIV>


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</DIV>

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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Parties have signed this Agreement as of the dates set forth below.</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">JAY COLEMAN:<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Jay Coleman
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Jay Coleman&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Dated: December 5, 2008&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CITIZEN&#146;S BUSINESS BANK<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Christopher D. Myers
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Christopher D. Myers&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Dated: December 5, 2008&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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