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Article: CVB Financial Announces Commencement of Common Stock Offering.
- Article from:
- Business Wire
- Article date:
- July 20, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ONTARIO, Calif. -- CVB Financial Corp. (NASDAQ: CVBF), the parent company of wholly owned subsidiary Citizens Business Bank, today announced that it has commenced an offering of approximately $115 million of its common stock in an underwritten public offering through Keefe, Bruyette & Woods and Sandler O'Neill + Partners, L.P. The Company intends to grant the underwriters a 30 day option to purchase up to an additional 15% of the common stock sold in the offering to cover over-allotments, if any.
Subject to approval from the U.S. Treasury and banking regulators, CVB Financial Corp. intends to use the proceeds from the offering toward the redemption of the ...