People: CVB Financial Corp (CVBF.O)
CVBF.O on Nasdaq
11.39USD
24 May 2013
11.39USD
24 May 2013
Price Change (% chg)
$0.12 (+1.06%)
$0.12 (+1.06%)
Prev Close
$11.27
$11.27
Open
$11.19
$11.19
Day's High
$11.40
$11.40
Day's Low
$11.16
$11.16
Volume
153,311
153,311
Avg. Vol
464,303
464,303
52-wk High
$12.95
$12.95
52-wk Low
$9.43
$9.43
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Ronald Kruse |
74 | 2012 | Chairman of the Board of the Company and the Bank |
Christopher Myers |
50 | 2006 | President, Chief Executive Officer, Director of the Company and the Bank |
D. Linn Wiley |
74 | 2006 | Independent Vice Chairman of the Board |
Richard Thomas |
64 | 2011 | Chief Financial Officer of the Company and the Bank, Executive Vice President of the Bank |
David Brager |
45 | 2010 | Executive Vice President and Sales Division Manager of the Bank |
James Dowd |
60 | 2008 | Executive Vice President and Chief Credit Officer of the Bank |
David Harvey |
45 | 2009 | Executive Vice President, Chief Operations Officer of the Bank |
George Borba |
45 | 2012 | Independent Director |
Stephen Del Guercio |
51 | 2012 | Independent Director |
Robert Jacoby |
71 | 2005 | Independent Director |
Raymond O'Brien |
56 | 2012 | Independent Director |
San Vaccaro |
80 | 1999 | Independent Director |
Myrna DiSanto |
IR Contact Officer |
Biographies
| Name | Description |
|---|---|
Ronald Kruse |
Mr. Ronald O. Kruse has been Chairman of the Board of CVB Financial Corp., and Citizens Business Bank, a subsidiary of the company since October 26, 2012. Mr. Kruse is the only founding director of CVB Financial Corp. and Citizens Business Bank who remains on the Board today, and he previously served as one of two Vice-Chairmen of the Board and as Chair of the Balance Sheet Management Committee of the Citizens Business Bank Board. In all, he has served on the Board for nearly 39 years. Mr. Kruse is an active member of the California business and agricultural community as Chairman of his family businesses, Kruse Investment Co., Inc. and Feed Commodities, LLC. Prior to forming Kruse Investment Co., Inc. and Feed Commodities, LLC, Mr. Kruse was owner and Chairman of O.H. Kruse Grain & Milling from 1974 through 1995. O.H. Kruse Grain & Milling was one of the animal feed manufacturing companies west of the Mississippi River. Mr. Kruse is Chairman of both the Compensation Committee and the Nominating and Corporate Governance Committee of CVB Financial Corp., and he is a member of the Balance Sheet Management Committee and the Trust Services Committee of the Citizens Business Bank Board. |
Christopher Myers |
Mr. Christopher D. Myers is President, Chief Executive Officer, Director of CVB Financial Corp., and Citizens Business Bank, a subsidiary of the Company since August 1, 2006. From 2004 to 2006, Mr. Myers served as Chairman of the Board and Chief Executive Officer of Mellon 1st Business Bank, a $3 billion-asset Los Angeles based-bank that is now a subsidiary of U.S. Bank. From 1996 to 2003, he held several management positions with Mellon 1st Business Bank, including Executive Vice President, Regional Vice President, and Vice President/Group Manager. He is presently a board member for the California Bankers Association and the UCLA Anderson School of Management’s Fink Center for Finance and Investments. Mr. Myers received his B.A. from Harvard University and a M.B.A. in Finance and Marketing from the University of California at Los Angeles and has over 28 years experience in banking. Mr. Myers serves as a member of the Balance Sheet Management Committee, the Risk Management Committee and the Trust Services Committee of the Citizens Business Bank Board. |
D. Linn Wiley |
Mr. D. Linn Wiley is Independent Vice Chairman of the Board of CVB Financial Corp. He has been on the Boards of CVB Financial Corp. and Citizens Business Bank since 1991. He served as President and Chief Executive Officer of both entities until August 1, 2006, and then served as a consultant to Citizens Business Bank pursuant to a Consulting Agreement until April 1, 2010. As Vice Chair, Mr. Wiley has been a key influence in CVB Financial Corp.’s continued growth and success. He serves as a liaison between Citizens Business Bank’s Senior Leadership and the Board. Mr. Wiley is a member of the Compensation Committee and the Nominating and Corporate Governance Committee of CVB Financial Corp., and he is the Chairman of the Trust Services Committee and a member of the Balance Sheet Management Committee and Risk Management Committee of the Citizens Business Bank Board. Mr. Wiley served as president and chief executive officer of two other financial institutions prior to joining CVB Financial Corp. in 1991. He also served as a director of the Los Angeles branch of the Federal Reserve Bank of San Francisco from 2000 to 2006. |
Richard Thomas |
Mr. Richard C. Thomas is Chief Financial Officer of CVB Financial Corp., and Executive Vice President and Chief Financial Officer of the Citizens Business Bank, subsidairy of the Company since March 1, 2011. Mr. Thomas assumed the position of Chief Financial Officer of the Company and Executive Vice President and Chief Financial Officer of the Bank on March 1, 2011. Mr. Thomas initially joined the Bank as an Executive Vice President Finance and Accounting on December 13, 2010. Previously, Mr. Thomas served as Chief Risk Officer of Community Bank. From 1987 to 2009, he was an audit partner of Deloitte & Touche LLP. |
David Brager |
Mr. David A. Brager is Executive Vice President and Sales Division Manager of Citizens Business Bank, a subsidiary of CVB Financial Corp., since November 22, 2010. From 2007 to 2010, he served as Senior Vice President and Regional Manager of the Central Valley Region for the Bank. From 2003 to 2007, he served as Senior Vice President and Manager of the Fresno Business Financial Center for the Bank. From 1997 to 2003, Mr. Brager held management positions with Westamerica Bank. |
James Dowd |
Mr. James F. Dowd is Executive Vice President and Chief Credit Officer of Citizens Business Bank, a subsidiary of CVB Financial Corp. From 2006 to 2008, he served as Executive Vice President and Chief Credit Officer for Mellon First Business Bank. From 1991 to 2006, Mr. Dowd held several management positions with City National Bank, including Senior Vice President and Manager of Special Assets, Deputy Chief Credit Officer, and Interim Chief Credit Officer. |
David Harvey |
Mr. David C. Harvey is Executive Vice President, Chief Operations Officer of Citizens Business Bank, a subsidiary of CVB Financial Corp. Mr. Harvey assumed the position of Executive Vice President and Chief Operations Officer of the Bank on December 31, 2009. From 2000 to 2008, he served as Senior Vice President and Operations Manager at Bank of the West. From 2008 to 2009 he served as Executive Vice President and Commercial and Treasury Services Manager at Bank of the West. |
George Borba |
Mr. George A. Borba, Jr., has been Independent Director of CVB Financial Corp since November 2012. He was appointed as a director of Citizens Business Bank in November 2012. He is currently President and CFO of Bellanave Dairy Corp. and Partner and CFO of West Kern Dairy, both in Bakersfield, California, which together represent one of the larger dairy operations in California. Mr. Borba also manages a amount of agricultural farmland. Mr. Borba earned a Bachelor of Science Degree in Agricultural Business Management with a concentration in Finance from the California Polytechnic University in San Luis Obispo. He has served on the Board of the San Bernardino Zone 1 Flood Control and the Western United Dairymen. Mr. Borba is also active in the Bakersfield community serving as a board member of St. Francis Catholic Church Finance Council and as a past board member of St. Faustinas Maternity Home. Mr. Borba is a member of the Compensation Committee and the Nominating and Corporate Governance Committee of CVB Financial Corp., and he is a member of the Balance Sheet Management Committee, the Risk Management Committee and the Trust Services Committee of the Citizens Business Bank Board. |
Stephen Del Guercio |
Mr. Stephen A. Del Guercio is Independent Director of CVB Financial Corp since October 2012. Mr. Del Guercio was appointed as a director of Citizens Business Bank in October 2012. Mr. Del Guercio is presently a partner with the law firm of Demetriou, Del Guercio, Springer & Francis, LLP. He was admitted to the California Bar in 1986. His practice areas include real estate and corporate transactional law, serving mid-sized businesses and high net worth individuals. He received his B.A. from the University of Southern California, graduating magna cum laude in 1983, and he received his J.D. from the University of Southern California Law School, graduating Order of the Coif, in 1986. Mr. Del Guercio served on the City Council of the City of La Canada Flintridge from 2001 to 2013, including three one-year terms as Mayor. He is also involved with various community and charitable organizations in the greater Pasadena and Los Angeles areas. Mr. Del Guercio is a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of CVB Financial Corp., and he is a member of the Balance Sheet Management Committee, the Risk Management Committee and the Trust Services Committee of the Citizens Business Bank Board. |
Robert Jacoby |
Mr. Robert M. Jacoby, C.P.A., is Independent Director of CVB Financial Corp. He is a Certified Public Accountant who has served on the Board since 2005. He is one of two designated financial experts on the Audit Committee. As an accountant, Mr. Jacoby has operated his own accounting practice since 1992. Prior to 1992, he was with the accounting firm of Grant Thornton for 21 years where he specialized in banking, manufacturing and distribution. Mr. Jacoby is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. Mr. Jacoby was previously the engagement partner for Grant Thornton when they were the accountants for Chino Valley Bank, the predecessor company to Citizens Business Bank, from 1981 to 1987. Mr. Jacoby was also a director of the former First American Bank (now PacWest Bancorp) in Rosemead, California for thirteen years. Mr. Jacoby is Chairman of the Audit Committee and is a member of the Compensation Committee and the Nominating and Corporate Governance Committee of CVB Financial Corp., and he is a member of the Balance Sheet Management Committee, the Risk Management Committee and the Trust Services Committee of the Citizens Business Bank Board. |
Raymond O'Brien |
Mr. Raymond Vincent O'Brien, III, has been Independent Director of CVB Financial Corp since September 2012. Mr. O’Brien has an background in both manufacturing and banking. Mr. O’Brien began his professional career in banking in 1979 with Chase Manhattan Bank and moved to 1st Business Bank in 1983. In 1987, he left the banking profession and became CEO and owner of I.L. Walker, a Los Angeles-based manufacturing company. Over the next two-plus decades, Mr. O’Brien owned and led several manufacturing companies. He is currently the Chief Executive Officer and owner of Cal Plate, Inc., based in Artesia, CA. Mr. O’Brien was a founding director of American Business Bank in 1997 and served as a director until 2012. Mr. O’Brien earned his B.B.A. in Finance from the University of Notre Dame in 1979. Mr. O’Brien is an active “49er” member of the Young Presidents’ Organization. Mr. O’Brien is a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of CVB Financial Corp. Mr. O’Brien is Chairman of the Balance Sheet Management Committee and is a member of the Risk Management Committee and the Trust Services Committee of the Citizens Business Bank Board. |
San Vaccaro |
Mr. San E. Vaccaro is Independent Director of CVB Financial Corp since 1999. He joined the Board of Citizens Business Bank in 1999 upon the acquisition of ONB Bancorp and Orange National Bank. He had previously served as chairman of the board of both those companies. Mr. Vaccaro received his undergraduate and juris doctor law degrees from Fordham University. He is admitted to practice before state and federal courts in Arizona and California and the Supreme Court of the United States. His law firm, Law Offices of San E. Vaccaro (and its predecessor firm, Curtis & Vaccaro), has been an active participant in the Orange County legal community for many years. He is a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of CVB Financial Corp. He serves as Chairman of the Risk Management Committee and is a member of the Balance Sheet Management Committee and the Trust Services Committee of the Citizens Business Bank Board. He is a past member of the National Association of Corporate Directors and has over 33 years experience serving on the boards of public financial institutions. |
Myrna DiSanto |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Ronald Kruse |
-- |
Christopher Myers |
1,591,860 |
D. Linn Wiley |
1,295,300 |
Richard Thomas |
566,745 |
David Brager |
588,842 |
James Dowd |
557,345 |
David Harvey |
584,999 |
George Borba |
-- |
Stephen Del Guercio |
-- |
Robert Jacoby |
-- |
Raymond O'Brien |
-- |
San Vaccaro |
-- |
Myrna DiSanto |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Ronald Kruse |
0 | 0 |
Christopher Myers |
11,219 | 99,996 |
D. Linn Wiley |
94,263 | 454,702 |
Richard Thomas |
4,000 | 33,680 |
David Brager |
4,728 | 52,055 |
James Dowd |
0 | 0 |
David Harvey |
0 | 0 |
George Borba |
0 | 0 |
Stephen Del Guercio |
0 | 0 |
Robert Jacoby |
0 | 0 |
Raymond O'Brien |
0 | 0 |
San Vaccaro |
0 | 0 |
Myrna DiSanto |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
THOMAS RICHARD C |
4,000 | $8.42 |
HARVEY DAVID C |
340 | $11.38 |
BRAGER DAVID A |
400 | $11.38 |
MYERS CHRISTOPHER D |
14,000 | $11.03 |
BORBA GEORGE A JR |
1,277 | $10.90 |
BORBA GEORGE A JR |
320,000 | $10.90 |
GEORGE BORBA FAMILY TRUST |
150,000 | $10.91 |
GEORGE BORBA FAMILY TRUST |
101,151 | $10.89 |
GEORGE BORBA FAMILY TRUST |
105,200 | $10.81 |
GEORGE BORBA FAMILY TRUST |
380,902 | $10.77 |
GEORGE BORBA FAMILY TRUST |
346,802 | $10.52 |
GEORGE BORBA FAMILY TRUST |
344,891 | $10.51 |
GEORGE BORBA FAMILY TRUST |
65,000 | $10.65 |
GEORGE BORBA FAMILY TRUST |
50,000 | $10.69 |
GEORGE BORBA FAMILY TRUST |
32,505 | $11.01 |
GEORGE BORBA FAMILY TRUST |
14,000 | $11.00 |
GEORGE BORBA FAMILY TRUST |
307 | $11.00 |
GEORGE BORBA FAMILY TRUST |
1,738 | $11.00 |
GEORGE BORBA FAMILY TRUST |
17,100 | $11.00 |
BORBA GEORGE A JR |
5,000 | $11.00 |
GEORGE BORBA FAMILY TRUST |
5,000 | $11.00 |
GEORGE BORBA FAMILY TRUST |
36,127 | $11.00 |
BORBA GEORGE A JR |
36,127 | $11.00 |
GEORGE BORBA FAMILY TRUST |
28,000 | $11.01 |
BORBA GEORGE A JR |
28,000 | $11.01 |
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