Management ChangeMay 21, 2026, 04:46 PM
CVB Financial Announces Leadership Transition: Borba Named Chairman
AI Summary
CVB Financial Corp. announced a planned leadership transition for its Boards. Hal W. Oswalt will transition from Chairman to Vice-Chairman of the Boards of CVBF and Citizens Business Bank. George A. Borba Jr., a current director and Vice-Chairman, has been elected as the new Chairman. Both individuals assumed their new roles immediately. The company highlighted its significant growth, surpassing $20 billion in assets following recent mergers with Heritage Commerce Corp.
Key Highlights
- Hal W. Oswalt transitioned from Chairman to Vice-Chairman of CVBF and CBB Boards.
- George A. Borba Jr. elected as the new Chairman of CVBF and CBB Boards.
- Both Mr. Borba and Mr. Oswalt assumed their new roles immediately.
- Mr. Borba has served as a director and Vice Chairman of CVBF and CBB since 2012.
- Mr. Oswalt served as Chairman of CVBF and CBB since 2022.
- Company surpassed $20 billion in total assets.
- Growth achieved through recent mergers with Heritage Commerce Corp.
Price Impact
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