Robert M. Jacoby Not to Stand for Re-Election as Director of CVB Financial Corp and Citizens Business Bank
February 23, 2017 at 05:03 pm EST
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On February 22, 2017, Mr. Robert M. Jacoby, a director of CVB Financial Corp., notified the Board of Directors of his decision not to stand for re-election as a director at the company’s 2017 Annual Meeting of stockholders to be held on May 17, 2017. Mr. Jacoby is also a member of the Board of the company’s subsidiary, Citizens Business Bank (the “Bank”). Mr. Jacoby will retire from the company and the Bank Boards, effective upon the expiration of his current term at the company’s 2017 Annual Meeting of Stockholders. Mr. Jacoby currently serves on the company’s Audit, Compensation and Nominating & Corporate Governance Committees.
CVB Financial Corp. is a bank holding company for Citizens Business Bank (the Bank). The Bank offers personalized service combined with a range of banking and trust services for businesses, professionals and individuals located in the service areas of its centers. It offers a range of bank deposit instruments, including checking, savings, money market and time certificates of deposit for both business and personal accounts, municipalities and districts, and specialized deposit products for title and escrow. It provides lending products, including commercial, agribusiness, consumer, small business administration loans, real estate loans, construction loans and equipment and vehicle leasing. It offers a range of financial services and trust services through its CitizensTrust division, including fiduciary services, mutual funds, annuities, 401(k) plans and individual investment accounts. It also offers a range of specialized services designed for the needs of its commercial customers.