CVB Financial repays all TARP funds to the Treasury

Ontario-based CVB Financial Corp. and its subsidiary, Citizens Business Bank, recently announced that it has fully repurchased all of the preferred stock sold to the Treasury Department under the Capital Purchase Program Troubled Asset Relief Program in December.  According to a company news release, CVB Financial Corp. paid $130 million to the Treasury to buy back the preferred stock, plus a final dividend payment of $226,000.  Dividends paid to the Treasury totaled $4.7 million.  Information: www.cbbank.com