Citizens Business Bank - M&A Summary and Business Overview

Financial ServicesCompany

Citizens Business Bank M&A Summary

Citizens Business Bank has acquired 9 companies, including 1 in the last 5 years.

Citizens Business Bank’s largest acquisition to date was in 2021, when it acquired Suncrest Bank for $204M. Citizens Business Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

Citizens Business Bank Business Overview

Where is Citizens Business Bank headquartered?

Citizens Business Bank is headquartered in Ontario, California.

What is Citizens Business Bank’s revenue?

Citizens Business Bank disclosed revenue of 547M USD for 2023 and 556M USD for 2022.

How many employees does Citizens Business Bank have?

Citizens Business Bank has 1,107 employees.

What sector is Citizens Business Bank in?

Citizens Business Bank is a financial services company.

When was Citizens Business Bank founded?

Citizens Business Bank was founded in 1974.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 6

Citizens Business Bank

CVB Financial Corp.

701 North Haven Avenue, Suite 350,
Ontario, California 91764
United States,
(909) 980-4030
www.cbbank.com

Citizens Business Bank holding company for citizens business bank provides financial services. Citizens Business Bank was incorporated in 1974 and is based in Ontario, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 8 - 1 - - - 9
vol $273M $204M $477M
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
Suncrest Bank 2021-07-27 204M USD Merger
Visalia, California · www.suncrestbank.com
Valley Commerce Bancorp. 2016-09-22 57M USD Merger
Visalia, California · www.valleybusinessbank.net
County Commerce Bank 2015-10-14 41M USD Merger
Ventura, California · www.countycommercebank.com
First Coastal Bancshares Inc. 2007-06-22 36M USD Add-on Acquisition
El Segundo,, California
Granite State Bankshares, Inc. 2005-02-25 27M USD Divestiture
Keene, New Hampshire
Kaweah National Bank 2003-09-19 16M USD Add-on Acquisition
Visalia, California
Western Security Bank NA 2002-06-28 6M USD Add-on Acquisition
Burbank, California · www.wsbank.com
Orange National Bancorp 1999-10-04 77M USD Add-on Acquisition
Orange,, California
Western Industrial National Bank 1994-06-24 14M USD Add-on Acquisition
South El Monte, California
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Citizens Business Bank, Inc.    - Citizens Business Bank, Inc. - Woodlake Branch 2017-07-05 1
Ontario, California · www.cbbank.com Woodlake, California

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 9 (100%) 477M (100%) - -
Total 9 $477M - -

By Geo

State/Country Buy Value Sell Value
United States 9 477M - -
  California 8 450M - -
  New Hampshire 1 27M - -
Total 9 $477M - -

Top M&A Advisors

Financial Deals
Bank Advisory Group
 1
Sandler O'Neill + Partners
 1
Piper Sandler & Co.
 1
Legal Deals
Manatt, Phelps & Phillips
 9

Deal Values

buy # Total
$100M to $1B 1 $204M
< $100M 8 $273M
TOTAL $477M
Largest Suncrest Bank
$204M (2021-07-27)

M&A Connections

Deals
Acquired from
Strategic(s)
11%
1 (11%)

Company Summary

SECTOR

Financial Services

Revenue

547   2% 2023
556   21% 2022
462   1% 2021
464   5% 2020
484   24% 2019
393   23% 2018
321   10% 2017
293   2016
(millions of USD) Show More Show Less

Employees

1,107

Established

1974

Public

NASDAQ: CVBF

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