Under the terms of the agreement, Citizens Business Bank will purchase most of the assets and assume all deposits, with the exception of Cede & Company brokered deposits, of San Joaquin Bank.

Chris Myers, president and CEO of CVB Financial, said: "We are pleased to welcome the many valued customers of San Joaquin Bank to Citizens Business Bank. We will be working diligently with San Joaquin Bank employees and the FDIC to ensure a smooth transition of client relationships to Citizens Business Bank. We are excited about the opportunity to grow our presence in the Bakersfield area. Our superior customer service and financial products will blend well with San Joaquin Bank's high service standards."

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Under the terms of the agreement, Citizens Business Bank will purchase most of the assets and assume all deposits, with the exception of Cede & Co. brokered deposits, of San Joaquin Bank.

Citizens Business Bank is a $6.5 billion financial services company based in Ontario, California, with 41 business financial centers and five commercial banking centers serving California. The addition of the San Joaquin Bank will add five business financial centers for a total of six in the Bakersfield area and 13 centers in the California Central Valley communities.

Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol of CVBF. For investor information on CVB Financial Corp., visit our Citizens Business Bank website at www.cbbank.com and click on the CVB Investor tab.

Safe Harbor

SOURCE: CVB Financial Corp.

CVB Financial Corp. 
Christopher D. Myers, President and CEO 
909-980-4030

Immediately following the closure, the DFI named the Federal Deposit Insurance Corporation (FDIC) as Receiver of San Joaquin Bank. The depositors of San Joaquin Bank are protected by the FDIC. The FDIC has accepted a bid from Citizens Business Bank, a state chartered bank located in Ontario, California, to assume the branch deposits and significantly all the assets of San Joaquin Bank. For information about FDIC coverage limits and requirements, visit www.fdic.gov or call toll-free 1-877-ASK-FDIC.

DFI supervises over 700 state financial institutions. Maintaining the integrity of financial services remains the primary mission of the Department. The DFI is responsible for administering state laws regulating state-licensed financial institutions: banks, credit unions, industrial banks, trust companies, offices of foreign banks, issuers of travelers' checks and payment instruments (money orders), and money transmitters. In addition to posting information about licensees, the DFI Web site features consumer information on a variety of financial topics and DFI consumer information brochures available in seven languages.

DFI reports to Business, Transportation & Housing Agency Secretary Dale E. Bonner and Governor Arnold Schwarzenegger.

SOURCE: California Department of Financial Institutions

California Department of Financial Institutions 
Alana Golden, 916-323-7012 or 916-322-5966 
Public Information Officer 
www.dfi.ca.gov

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