CVB Financial Corporation.
CVBF.US | Other monetary intermediation
CVB Financial Corp. is a bank holding company. It provides business and consumer banking services through its subsidiary, Citizens Business Bank. The bank offers a range of services, including checking and savings accounts, commercial and industrial loans, real estate loans, agricultural loans, and ...Show More
Better Health for All
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CVB Financial Corporation's core business is banking services, which inherently have no significant direct positive or negative health impact. The company does not offer health-related products or services, engage in health-related R&D, or conduct clinical trials. There is no evidence of health-harming externalities or products with addiction potential. The company's operations are not directly relevant to health crisis response, mental health outcomes, healthcare workforce development, preventative health measures, or healthcare data management. While one article mentions a grant to a health center, the funding amount is not provided as a percentage of revenue, making it unscorable for health equity programs.
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Similarly, financial education seminars are not considered healthcare education.
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Fair Money & Economic Opportunity
-20
Citizens Business Bank received an overall “Satisfactory” rating in its most recent FDIC CRA performance evaluation, with a “High Satisfactory” rating for both the lending and investment tests and an “Outstanding” rating for the service test.
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The company originated approximately $1.10 billion in PPP loans, with $883.0 million outstanding as of December 31, 2020, representing 10.69% of its $8.26 billion total loan portfolio at that time.
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The company's 401(k) contribution for associates was 5% of eligible salary in 2020.
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Citizens Business Bank invested $250,000 in Clearinghouse CDFI, which finances community projects in underserved areas, and partnered to award a $100,000 grant to the Genesis for Good Foundation for diverse entrepreneurs in low-to-moderate-income communities in Southern California.
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The bank operates more than 60 banking centers and three trust office locations serving California.
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It offers Cybersecurity Seminars in the Inland Empire and Central Valley.
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The company makes its Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K available free of charge on its website after filing with the SEC.
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Fair Pay & Worker Respect
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No specific, concrete data points were found in the provided articles for any of the KPIs related to Fair Pay & Worker Respect. Information regarding living wage coverage, CEO-to-median employee pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, employee turnover rate, labor violation incidents, insecure contract share, or health insurance coverage for CVB Financial Corporation was not available.
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Fair Trade & Ethical Sourcing
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No evidence available to assess CVB Financial Corporation on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No evidence available to assess CVB Financial Corporation on Honest & Fair Business.
Kind to Animals
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CVB Financial Corp. is a bank holding company. The provided articles discuss general trends in animal welfare policies within the financial sector but explicitly state that no specific data relevant to CVBF.US or the 'Kind to Animals' value was found.
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Therefore, no KPIs can be scored based on the available information.
No War, No Weapons
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No evidence available to assess CVB Financial Corporation on No War, No Weapons.
Planet-Friendly Business
-30
In 2023, the company sourced 38.1% of its total energy consumption from renewable energy.
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The company recorded zero major compliance violations in federal and state bank examinations in 2023.
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Respect for Cultures & Communities
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The provided articles do not contain specific, concrete data points for any of the KPIs related to Respect for Cultures & Communities. There is no information regarding formal partnerships, community reinvestment percentages, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training. A $200,000 donation to wildfire relief organizations was mentioned in Article 3, but the article explicitly states this is not specific to cultural or community groups, and it is not presented as a percentage of revenue donated to cultural heritage organizations, thus it cannot be used for any KPI.
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Safe & Smart Tech
-20
The company has not detected any significant compromises, data loss, or material financial losses related to cybersecurity attacks to date.
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Its cybersecurity program is overseen by the Audit Committee and managed by a CISO, employing a layered, defensive approach with preventative and detective tools.
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The Audit Committee reviews information security risk matters quarterly, approves the security strategy and budget annually, and reviews threat mitigation and vulnerability management reports.
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The company conducts annual privacy and security training for employees and regular phishing email exercises.
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Its Online Banking platform uses strong encryption to protect data transmitted between the browser and servers.
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The company states it retains data only to the extent required by applicable law or for purposes of preventing fraud.
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It had zero major compliance violations in 2023 federal and state bank examinations and complies with the California Consumer Privacy Act (CCPA) and California Privacy Rights Act (CPRA).
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Multi-Factor Authentication (MFA) is used to enhance online banking security.
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California residents have rights to access, correct, or delete personal data, and to limit the use of sensitive personal data, with requests responded to within 45 days, extendable by another 45 days.
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The company advises customers to use strong passwords of at least 12 characters and change them regularly.
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Zero Waste & Sustainable Products
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No evidence available to assess CVB Financial Corporation on Zero Waste & Sustainable Products.