<SUBMISSION>
<ACCESSION-NUMBER>0000950123-09-040557
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20090902
<ITEMS>1.01
<ITEMS>3.03
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20090903
<DATE-OF-FILING-DATE-CHANGE>20090902
<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>091052002
</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>c89909e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV style="font-size: 10pt">
<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>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

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

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): September 2, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>CVB FINANCIAL CORP.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>California</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>0-10140</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>95-3629339</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>701 North Haven Avenue, Ontario, California<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>91764</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

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


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>Not Applicable<BR></B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

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

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
<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>

</DIV>

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

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.01 Entry into Material Definitive Agreement</B>


<P align="left" style="font-size: 10pt">On September&nbsp;2, 2009, CVB Financial Corp., a California corporation (the &#147;Company&#148;), repurchased the remaining 25%, or
32,500 shares (the &#147;Final Repurchase&#148;), of its outstanding Series&nbsp;B Fixed Rate Cumulative Perpetual Preferred Stock
(the &#147;Preferred Stock&#148;) issued to the U.S. Treasury pursuant to the Capital Purchase Program established under the
Troubled Asset Relief Program. The Company conducted an initial repurchase of 75% of the Preferred Stock on August&nbsp;26,
2009. The Company paid an aggregate purchase price of $32,576,736.11 for the Final Repurchase, which was equal to an
aggregate liquidation preference of $32,500,000 of the repurchased Preferred Stock, plus accrued and unpaid dividends
of $76,736.11. The letter agreement between the Company and the U.S. Treasury with respect to the Final Repurchase is
attached hereto as Exhibit&nbsp;10.1 and incorporated herein by reference.


<P align="left" style="font-size: 10pt">At the time of the Company&#146;s sale of the Preferred Stock to the U.S. Treasury, the Company also issued a related
warrant (the &#147;Warrant&#148;) to the U.S. Treasury for the purchase of 1,669,521 shares of the Company&#146;s common stock at an
exercise price of $11.68 per share. As a result of the Company&#146;s common stock offering completed on July&nbsp;27, 2009, the number of shares
subject to the Warrant has been reduced by half. The Company has fifteen days from the date of the Final Repurchase to
notify the U.S. Treasury whether the Company elects to repurchase the Warrant or deliver a substitute Warrant. At this
time, the Company intends to repurchase the Warrant from the U.S. Treasury. The price for the repurchase is subject to
negotiation and there can be no assurance that the Warrant will be repurchased.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;3.03 Material Modification to Rights of Security Holders.</B>


<P align="left" style="font-size: 10pt">Upon issuance of the Preferred Stock on December&nbsp;5, 2008, the ability of the Company to declare or pay dividends or
distributions on, or purchase, redeem or otherwise acquire for consideration shares of its Common Stock, became subject
to restrictions, including dividend restrictions. As a result of the repurchase of the Preferred Stock, the
foregoing restrictions and limitations resulting from the issuance of the Preferred Stock were terminated.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;8.01 Other Events</B>


<P align="left" style="font-size: 10pt">On September&nbsp;2, 2009, the Company issued a press release announcing the consummation of the repurchase of the Preferred
Stock as described under Item&nbsp;1.01. The press release is attached hereto as Exhibit&nbsp;99.1 and is incorporated herein by
reference.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits</B>


<P align="left" style="font-size: 10pt"><B>(d)&nbsp;Exhibits</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">Exhibit&nbsp;10.1 Letter Agreement between the Company and the U.S. Treasury, dated September&nbsp;2, 2009.


<P align="left" style="font-size: 10pt; text-indent: 4%">Exhibit&nbsp;99.1. Press Release, dated September&nbsp;2, 2009, announcing the repurchase of the preferred stock.

<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

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



<P align="left" style="font-size: 10pt; text-indent: 2%">&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 align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">DATE: September 2, 2009</TD>

    <TD>&nbsp;</TD>
    <TD nowrap align="left">CVB FINANCIAL CORP.</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">(Registrant)</TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <U>/s/ 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;</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: Edward J. Biebrich, Jr.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: Executive Vice President and Chief Financial
Officer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

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

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



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


<P align="center" style="font-size: 10pt">EXHIBIT INDEX


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">10.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Letter Agreement between the Company and the U.S. Treasury, dated
September&nbsp;2, 2009.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">99.1
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release, dated September&nbsp;2, 2009, announcing the repurchase of
the preferred stock.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

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

<P align="center" style="font-size: 10pt; display: none">4
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>c89909exv10w1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 10.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="right" style="font-size: 10pt; margin-top: 10pt">Exhibit&nbsp;10.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><FONT style="font-variant: SMALL-CAPS">United States Department of the Treasury</FONT><BR>
1500 Pennsylvania Avenue, NW<BR>
Washington, D.C. 20220
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">September&nbsp;2, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Ladies and Gentlemen:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Reference is made to that certain Letter Agreement incorporating the Securities Purchase
Agreement &#151; Standard Terms (the &#147;<I>Securities Purchase Agreement</I>&#148;), dated as of the date set forth
on Schedule&nbsp;A hereto, between the United States Department of the Treasury (the &#147;<I>Investor</I>&#148;) and the
company set forth on Schedule&nbsp;A hereto (the &#147;<I>Company</I>&#148;). Capitalized terms used but not defined
herein shall have the meanings assigned to them in the Securities Purchase Agreement. Pursuant to
the Securities Purchase Agreement, at the Closing, the Company issued to the Investor the number of
shares of the series of its preferred stock set forth on Schedule&nbsp;A hereto (the &#147;<I>Preferred Shares</I>&#148;)
and a warrant to purchase the number of shares of its common stock set forth on Schedule&nbsp;A hereto
(the &#147;<I>Warrant</I>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In connection with the consummation of the repurchase (the &#147;<I>Repurchase</I>&#148;) by the Company from
the Investor, on the date hereof, of the number of Preferred Shares listed on Schedule&nbsp;A hereto
(the &#147;<I>Repurchased Preferred Shares</I>&#148;), as permitted by the Emergency Economic Stabilization Act of
2008, as amended by the American Recovery and Reinvestment Act of 2009:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%; text-indent: 4%">(a)&nbsp;The Company hereby acknowledges receipt from the Investor of the share certificate
set forth on Schedule&nbsp;A hereto representing the Preferred Shares; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%; text-indent: 4%">(b)&nbsp;The Investor hereby acknowledges receipt from the Company of a wire transfer to the
account of the Investor set forth on Schedule&nbsp;A hereto in immediately available funds of the
aggregate purchase price set forth on Schedule&nbsp;A hereto, representing payment in full for
the Repurchased Preferred Shares at a price per share equal to the Liquidation Amount per
share, together with any accrued and unpaid dividends to, but excluding, the date hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Investor and the Company hereby agree that, notwithstanding Section&nbsp;4.4 of the Securities
Purchase Agreement, immediately following consummation of the Repurchase, but subject to compliance
with applicable securities laws, the Investor shall be permitted to Transfer all or a portion of
the Warrant or Substitute Warrant (as defined below) with respect to, and/or exercise the Warrant
or Substitute Warrant for, all or a portion of the number of shares of Common Stock issuable
thereunder, at any time and without limitation, and Section&nbsp;4.4 of the Securities Purchase
Agreement shall be deemed to be amended in order to permit the foregoing. The Company shall take
all steps as may be reasonably requested by the Investor to facilitate any such Transfer.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

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

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In addition, the Company agrees that within 15 calendar days of the date hereof the Company
shall either (a)&nbsp;deliver to the Investor a notice of intent to repurchase the Warrant in accordance
with Section&nbsp;4.9(b) of the Securities Purchase Agreement (the &#147;<I>Warrant Repurchase Notice</I>&#148;), or (b)
issue and deliver to the Investor a new warrant, in substantially the form of the Warrant, except
with the deletion of Section&nbsp;13(H) thereof, to purchase the number of shares of Common Stock into
which the Warrant is then exercisable (the &#147;<I>Substitute Warrant</I>&#148;), which Substitute Warrant shall be
deemed the &#147;<I>Warrant</I>&#148; for all purposes under the Securities Purchase Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In the event that the Company delivers a Warrant Repurchase Notice and the Company and the
Investor fail to agree on the Fair Market Value of the Warrant pursuant to the procedures
(including the Appraisal Procedure), and in accordance with the time periods, set forth in Section
4.9(c) of the Securities Purchase Agreement or the Company revokes the delivery of such Warrant
Repurchase Notice, then the Company shall deliver a Substitute Warrant to the Investor within 5
calendar days of the earlier of the failure to agree on the Fair Market Value and the revocation of
the Warrant Repurchase Notice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Effective as of the date of receipt of the Substitute Warrant, if applicable, the Investor
hereby provides notice, pursuant to Section&nbsp;4.5(p) of the Securities Purchase Agreement, of its
intention to sell the Substitute Warrant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">This letter agreement will be governed by and construed in accordance with the federal law of
the United States if and to the extent such law is applicable, and otherwise in accordance with the
laws of the State of New York applicable to contracts made and to be performed entirely within such
State.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">This letter agreement may be executed in any number of separate counterparts, each such
counterpart being deemed to be an original instrument, and all such counterparts will together
constitute the same agreement. Executed signature pages to this letter agreement may be delivered
by facsimile and such facsimiles will be deemed sufficient as if actual signature pages had been
delivered.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><I>&#091;Remainder of this page intentionally left blank&#093;</I>
</DIV>

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

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

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<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In witness whereof, the parties have duly executed this letter agreement as of the date first
written above.
</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="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">UNITED STATES DEPARTMENT OF<BR>
THE TREASURY</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Herbert M. Allison, Jr.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: Herbert M. Allison, Jr.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: Assistant Secretary for Financial Stability</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">COMPANY:</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">CVB FINANCIAL CORP.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Christopher D. Myers</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: Christopher D. Myers</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: President &#038; CEO</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

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

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

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="right" style="font-size: 10pt; margin-top: 10pt"><B>SCHEDULE A</B>
</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="55%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><U>General Information:</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Date of Letter Agreement incorporating the</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">December 5, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Securities Purchase Agreement:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Name of the Company:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">CVB Financial Corp.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Corporate or other organizational form of the</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Corporation</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Company:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Jurisdiction of organization of the Company:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">California</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Number and series of preferred stock issued to</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">130,000 shares of Series B Fixed Rate Cumulative</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">the Investor at the Closing:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Perpetual Preferred Stock</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Number of Initial Warrant Shares:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1,669,521</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><U>Terms of the Repurchase:</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Number of Preferred Shares repurchased by the</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">32,500 shares of Series B Fixed Rate Cumulative</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Company:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Perpetual Preferred Stock</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Share certificate number (representing the</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">PB00002</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Preferred Shares previously issued to the
Investor at the Closing):</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Per share Liquidation Amount of Preferred Shares:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$1,000 per share</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued and unpaid dividends on Preferred Shares:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$76,736.11</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Aggregate purchase price for Repurchased</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$32,576,736.11</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Preferred Shares:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Investor wire information for payment of purchase</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Redacted</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>price</B>:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



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

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




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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>c89909exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

 <P align="right" style="font-size: 10pt"><B>Exhibit 99.1</B>
<P align="left" style="font-size: 10pt"><B>Press Release</B>
<BR>
<B><I>For Immediate Release</I></B>


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

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="60%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>Contact:</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD> <B>Christopher D. Myers</B><BR>
<B>President and CEO</B><BR>

<B>(909)&nbsp;980-4030</B>


</TD>
</TR>

</TABLE>





<P align="center" style="font-size: 10pt"><B>CVB Financial Corp. Repurchases All Preferred Stock from U.S. Treasury</B>



<P align="left" style="font-size: 10pt"><B>Ontario, CA, September&nbsp;2, 2009 -</B>CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the
&#147;Company&#148;), announced today that it has fully repurchased all of the preferred stock sold to the U.S. Treasury
Department under the Capital Purchase Program/Troubled Asset Relief Program (&#147;TARP&#148;) last December.


<P align="left" style="font-size: 10pt">CVB Financial Corp. paid $130&nbsp;million to the Treasury to buy-back the preferred stock, plus a final dividend payment of
$226,000. Dividends paid to the U.S. Treasury totaled $4.7&nbsp;million since the sale of the preferred stock in December
2008.


<P align="left" style="font-size: 10pt">&#147;Our strong capital position, as a result of our common stock offering that raised $132.5&nbsp;million in gross proceeds in
late July, allowed us to pay back TARP much earlier than originally anticipated&#148; stated Chris Myers, President and
Chief Executive Officer. &#147;This strengthens our tangible common equity position.&#148;


<P align="left" style="font-size: 10pt">CVB Financial Corp. is the holding company for Citizens Business Bank, a $6.5&nbsp;billion financial services company based
in Ontario, California. Citizens Business Bank serves 39 cities with 41 business financial centers and 5 commercial
banking centers in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California.


<P align="left" style="font-size: 10pt">Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol of &#147;CVBF.&#148; For investor
information on CVB Financial Corp., visit our Citizens Business Bank website at www.cbbank.com and click on the CVB
Investor tab.

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

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

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


<P align="left" style="font-size: 10pt"><I>Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the
Company&#146;s current business plan and expectations regarding future operating results. These forward-looking statements
are subject to risks and uncertainties that could cause actual results, performance or achievements to differ
materially from those projected. These risks and uncertainties include, but are not limited to, local, regional,
national and international economic conditions and events and the impact they may have on us and our customers; ability
to attract deposits and other sources of liquidity; oversupply of inventory and continued deterioration in values of
California real estate, both residential and commercial; a prolonged slowdown in construction activity; changes in the
financial performance and/or condition of our borrowers; changes in the level of non-performing assets and charge-offs;
ability and consent to repurchase our securities issued to the U.S. Treasury pursuant to its Capital Purchase Program;
the effect of changes in laws and regulations (including laws and regulations concerning taxes, banking, securities,
executive compensation and insurance) with which we and our subsidiaries must comply; changes in estimates of future
reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements;
inflation, interest rate, securities market and monetary fluctuations; political instability; acts of war or terrorism,
or natural disasters, such as earthquakes, or the effects of pandemic flu; the timely development and acceptance of new
banking products and services and perceived overall value of these products and services by users; changes in consumer
spending, borrowing and savings habits; technological changes; the ability to increase market share and control
expenses; changes in the competitive environment among financial and bank holding companies and other financial service
providers; continued volatility in the credit and equity markets and its effect on the general economy; the effect of
changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public
Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters;
changes in our organization, management, compensation and benefit plans; the costs and effects of legal and regulatory
developments including the resolution of legal proceedings or regulatory or other governmental inquiries and the
results of regulatory examinations or reviews; our success at managing the risks involved in the foregoing items and
other factors set forth in the Company&#146;s public reports including its Annual Report on </I><I>Form 10-K</I><I> for the year ended
December&nbsp;31, 2008, and particularly the discussion of risk factors within that document. The Company does not
undertake, and specifically disclaims any obligation to update any forward-looking statements to reflect occurrences or
unanticipated events or circumstances after the date of such statements except as required by law.</I>


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



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

<P align="center" style="font-size: 10pt; display: none">2




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