<SEC-DOCUMENT>0001193125-17-079411.txt : 20170313
<SEC-HEADER>0001193125-17-079411.hdr.sgml : 20170313
<ACCEPTANCE-DATETIME>20170313060655
ACCESSION NUMBER:		0001193125-17-079411
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170310
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170313
DATE AS OF CHANGE:		20170313

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CVB FINANCIAL CORP
		CENTRAL INDEX KEY:			0000354647
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				953629339
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10140
		FILM NUMBER:		17683813

	BUSINESS ADDRESS:	
		STREET 1:		701 N HAVEN AVE STE 300
		CITY:			ONTARIO
		STATE:			CA
		ZIP:			91764
		BUSINESS PHONE:		9099804030

	MAIL ADDRESS:	
		STREET 1:		701 N HAVEN AVENUE
		CITY:			ONTARIO
		STATE:			CA
		ZIP:			91764
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d349939d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Current Report </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): March&nbsp;10, 2017 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>CVB FINANCIAL CORP. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>California </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>0-10140</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>95-3629339</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(State or other jurisdiction<BR>of incorporation or organization)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission<BR>file number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(I.R.S. employer<BR>identification number)</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>701 North Haven Avenue, Ontario, California</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>91764</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (909)&nbsp;980-4030 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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.): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;8.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Other Events. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March&nbsp;10, 2017, CVB Financial Corp (the &#147;Company&#148;) announced that CVB
Financial Corp. and its principal subsidiary Citizens Business Bank completed the closing of the acquisition of Valley Commerce Bancorp, the holding company for Valley Business Bank, on March&nbsp;10, 2017, which was originally announced on
September&nbsp;22, 2016. A copy of the Company&#146;s press release announcing the closing of the acquisition is attached as Exhibit 99.1. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) Exhibits </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:26.20pt; font-size:8pt; font-family:Times New Roman">Exhibit<BR>Number</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated March&nbsp;10, 2017 announcing the closing of the acquisition of Valley Commerce Bancorp.</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">CVB FINANCIAL CORP.<BR>(Registrant)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Date: March&nbsp;13, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ E. Allen Nicholson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">E. Allen Nicholson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Executive Vice President and Chief Financial Officer</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d349939dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g349939g12g26.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Press Release</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B><I>For Immediate
Release</I></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><B>Contact:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Christopher D. Myers</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>President and
CEO</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>(909) 980-4030</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CVB Financial Corp. Completes Acquisition of Valley Commerce Bancorp </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ONTARIO, Calif., March&nbsp;10, 2017 &#151;</B> CVB Financial Corp. (&#147;CVBF&#148;), the holding company for Citizens Business Bank (&#147;CBB&#148;),
announced that CVBF has completed its merger with Valley Commerce Bancorp (&#147;VCBP&#148;), the holding company for Valley Business Bank, Visalia, California. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The acquisition, which was first announced on September&nbsp;22, 2016, was concluded earlier today following receipt of all required regulatory and VCBP
shareholder approvals. As of December&nbsp;31, 2016, VCBP had approximately $400 million in assets and CVBF had approximately $8.1 billion in assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As
a result of the merger, each holder of outstanding shares of VCBP common stock (&#147;Valley Shares&#148;) became entitled to receive, per Valley Share, (i).5442 of a share of CVBF common stock (the &#147;CVBF Shares&#148;), (ii)&nbsp;$7.73 cash and
(iii)&nbsp;cash in lieu of any fractional Valley Share, if any (the &#147;Merger Consideration&#148;). Separately and prior to the merger, VCBP declared a special cash dividend of $4.82 per Valley Share, payable by VCBP to holders of Valley Shares
as of March&nbsp;10, 2017, immediately prior to the merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;The merger with Valley Commerce Bancorp is an exciting opportunity for Citizens
Business Bank to expand our presence in the Central Valley.&#148; said Christopher D. Myers, President and Chief Executive Officer of CVBF. &#147;Allan Stone and his team have built a solid bank with strong customer and community relationships. We
intend to build upon their strong foundation and broaden customer relationships through our enhanced product offerings and higher credit capacity.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Allan Stone, President and Chief Executive Officer of Valley Commerce Bancorp, stated, &#147;The merger of Valley Business Bank and Citizens Business Bank is
very positive for our customers and stakeholders. Our customers will benefit from Citizens Business Bank&#146;s ability to offer more products along with their similar commitment to excellent customer service. Their business banking model fits very
well with the community banking strategy of Valley Business Bank. As such, we look forward to a smooth integration.&#148; </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Corporate Overview </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CVBF is the ninth largest bank holding company headquartered in California with assets of approximately $8.1 billion. Citizens Business Bank is consistently
recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services through 42 Business Financial Centers, 8 Commercial Banking Centers, and three trust office locations serving the Inland
Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Shares of
CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol &#147;CVBF.&#148; For investor information on CVB Financial Corp., visit our Citizens Business Bank website at <U>http://www.cbbank.com</U> and click on the
&#147;<U>Investors</U>&#148; tab. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>This press release contains forward-looking statements within the meaning of Section&nbsp;21E of the Securities
Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. These forward-looking statements including statements relating to our acquisition of Valley Commerce
Bancorp, are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to: CVBF&#146;s ability to realize
cost savings within expected time frames or at all; local, regional, national and international economic and market conditions and events and the impact they may have on CVBF, CVBF&#146;s customers, assets, and liabilities; CVBF&#146;s success at
managing the risks involved in the foregoing items and all other factors set forth in CVBF&#146;s public reports including its Annual Report on Form 10-K for the year ended December&nbsp;31, 2016, and particularly the discussion of risk factors
within that document. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements except as required by law. The Company is also not responsible for
changes made to the press release by wire services, internet services or other media. </I></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g349939g12g26.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g349939g12g26.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M !0 4 8OBC63HNBR3QD>>Y\N('U/?\!0!XZ[,[L[L69CDD]2:8A* "@ H *
M"@ H * -3P]JIT;6H+HD^5G;*!W4]?\ '\* /6-5U2/3]$GU!65U6/='SPQ/
MW?YBD,\5DD>65Y9&+.Y+,3W)IB&T % !0 4 % !0 4 201/-<111@F1V"J!Z
MD\4 >VZ3$\.C6,4@(D2!%8'U"C-(9<H * "@ H * /,_B)>M+K$-F#\D$>2/
M]IO_ *P%- <=0(* "@ H * "@ H * "@#0GUJ]N-)@TR20&V@.5&.?;)]LT
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M .H * "@ H * "@#S7XBV+1:I;WJCY)H]A/^TO\ ]8C\J: XR@04 % !0 4
M=+X-U=++4'L+KFSO1Y; ] QX!_7'XT#,S7=)DT759;1^4'S1M_>4]#0(S: "
M@ H * "@#K?"%NFGV]WXBNU_<VRE(AW9SQQ^>/QH&<Q=7,MY=RW,S;I)6+,?
M<T"(: "@ H * .R\":_);7ZZ9<2L;>;B('D(_I]#_.@9Z72 * "@ H * "@#
M(\2Z/_;6BRVR8$RD/$3_ 'A_B,C\: /')8I()GBE0I(A*LIZ@BF(90 4 % !
M0 H)4@@X(Z&@#M;\?\)7X3CU%!G4+ %9A_>7&2?Z_G0,XF@04 % !0!+;6\E
MW<Q6\*[I)6"*/4F@#J_%MS'IVG67ARV;(MU#SD=VZ_U)_$4#./H$% !0 4 %
M $]B[QW]L\>=ZR*5QZYXH ]NL'>33K5Y,[VB4MGUP,TAEB@ H * "@ H * .
M4\4>#X]6W7EEMBO?X@>%D^OH?>F!YE<VT]G</;W$312H<,K#D4"(J "@ H *
M -[PGK/]DZLJ2\VESB.53TYZ'\,_EF@"+Q/HIT36'A7_ %$GSQ'_ &2>GX4
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M^% %AK^9]8M88L"U;S%8D<NRCM[#]?PY -2@ H * "@ H * "@ H * "@ H
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MI._'3'&/Q'TH B36&S;3/&HM+F8P1D?>!Y"D^Q(_44 :] !0 4 % !0 4 %
M!0 4 % !0 4 % !0!F:BK0ZC8W^"8HM\4F/X0^/F^@*C/US0 RXT:*[U*.=X
M(HHHF+G:HW2N5QDGT )]R<>E $%II-RD&E6DVSRM.;.\'/F (57CMP<GZ=Z
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/ 4 % !0 4 % !0 4 ?_9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
