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Cvb Financial Corp. Announces Executive Changes

05/18/2022 | 02:00pm
CVB Financial Corp. announced that Raymond V. O'Brien III has decided to step aside as Chairman of the Boards of CVBF and CBB, effective following the end of his current term as Chairman at CVBF's and CBB's respective annual meetings on May 18, 2022. Mr. O'Brien will continue to serve as a director of CVBF and CBB, and he was elected as Chair of CBB's Board Credit Committee at CBB's annual organizational meeting immediately following the annual meeting. The Company also announced that the Board of Directors has elected current director Hal W. Oswalt as Chairman of the Boards of CVBF and CBB. Mr. Oswalt will assume this role immediately. Mr. Oswalt has been a director of CVBF and CBB since 2014. He is a veteran of the U.S. Banking industry having served as CEO, Director and President of several community banks as well as President and Managing Director of two different national financial consulting firms. He will continue to serve as Chair of CVBF's Compensation Committee.
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