CVB Financial Corp. Receives Deal of the Year Award

ONTARIO, Calif.–(BUSINESS WIRE)–CVB Financial Corp. (NASDAQ: CVBF), the holding company for Citizens
Business Bank (“Citizens”), announced today that they were awarded
the Spotlight Deal of the Year Award for the purchase of a Southern
California-based financial institution. The Orange County Chapter of
ACG, the Association for Corporate Growth, presents the Spotlight Deal
of the Year Award to one company that has experienced a significant
merger or acquisition deal over the past year.

Citizens, headquartered in Ontario, received the Spotlight Deal of the
Year Award in recognition of the August 2018 acquisition of
Pasadena-based Community Bank. The deal, valued at approximately $903
million, was the largest in CVBF history, and one of the ten largest
bank M&A deals in the country last year. Community Bank had $3.7 billion
in assets and 16 branch locations throughout the Greater Los Angeles and
Orange County areas at the time of the acquisition.

ACG Orange County hosted an estimated 500 local business leaders at the
24th Annual Awards Gala on May 16 in Irvine. The gala recognized and
honored the highest performing middle market companies from Orange
County and the Inland Empire. There were more than 100 companies
nominated for the 2019 ACG Awards, and each one underwent multiple
rounds of review by ACG and an independent panel of judges before their
selection as finalists.

Christopher D. Myers, President and Chief Executive Officer of Citizens,
commented, “We are honored to receive this recognition from ACG.
Acquiring 74-year-old Community Bank was a transformational deal for our
company, increasing our total assets by over 40%. We are now one of the
100 largest banks in the United States and the 9th largest headquartered
in California.”

ACG’s Spotlight Award is the latest accolade for the Bank this year. In
January, Forbes named CVBF the #1 Bank in California on Forbes America’s
Best Banks 2019. In April, CVBF was recognized as the #2 ranked bank on
S&P Global’s Best-Performing Banks in the Nation. CVBF also received a
Five-Star Superior Rating from BauerFinancial and was once again
designated a Super Premier Performing Bank by Findley Reports.

Corporate Overview

CVB Financial Corp. (“CVBF”) is the holding company for Citizens
Business Bank. CVBF is the 9th largest bank holding company
headquartered in California with over $11 billion in total assets.
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 59 banking centers and 3 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.

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

Contacts

Christopher
D. Myers
President and CEO
(909) 980-4030