# CVB FINANCIAL CORP (CVBF) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_2441fefb09bf1ed6a665 · retrieved 2026-08-11T15:52:20.140Z

## Overview
CVB Financial Corp. is the holding company for Citizens Business Bank, National Association, a California-based business bank with $21.2 billion in assets serving small to medium-sized businesses throughout California.

CVB Financial Corp. completed its acquisition of Heritage Commerce Corp and its banking subsidiary, Heritage Bank of Commerce, on April 17, 2026. The transaction added $3.4 billion in fair-value loans, $1.2 billion in noninterest-bearing deposits, $3.5 billion in interest-bearing deposits, and $38.7 million in subordinated debentures. The acquisition generated $450.7 million in intangible assets, including $116.6 million in core deposit intangibles and $334.1 million in goodwill. The company completed systems integration in June 2026. The deal was projected to deliver a 20% internal rate of return, 13% EPS accretion, 1.50% ROAA, and 17% ROATCE.

## Terms
- Counterparty: Heritage Commerce Corp · Consideration: stock

## Key dates
- Announced 2026-07-23

## Timeline
- 2026-07-23 · 8-K (0001193125-26-313203): 8-K - CVB FINANCIAL CORP — *CVB Financial Corp. is the holding company for Citizens Business Bank, National Association, a California-based business bank with $21.2 billion in assets serving small to medium-sized businesses throughout California.* CVB Financial Corp. completed its acquisition of Heritage Commerce Corp and its banking subsidiary, Heritage Bank of Commerce, on April 17, 2026. The transaction added $3.4 billion in fair-value loans, $1.2 billion in noninterest-bearing deposits, $3.5 billion in interest-bearing deposits, and $38.7 million in subordinated debentures. The acquisition generated $450.7 million in intangible assets, including $116.6 million in core deposit intangibles and $334.1 million in goodwill. The company completed systems integration in June 2026. The deal was projected to deliver a 20% internal rate of return, 13% EPS accretion, 1.50% ROAA, and 17% ROATCE.
  https://www.sec.gov/Archives/edgar/data/354647/0001193125-26-313203.txt

## Citations
- 0001193125-26-313203 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526313203