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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

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    <B><FONT style="font-size: 9pt">As filed with the Securities and
    Exchange Commission on June&#160;3, 2009</FONT></B>
</DIV>

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    <B><FONT style="font-size: 9pt">Registration
    <FONT style="white-space: nowrap">No.&#160;333-&#160;&#160;&#160;&#160;&#160;</FONT></FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

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    <B><FONT style="font-size: 12pt">UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION<BR>
    </FONT>Washington,&#160;D.C. 20549</B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 16pt"><FONT style="white-space: nowrap">FORM&#160;S-1</FONT></FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 22pt">CVB FINANCIAL CORP.</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Exact Name of Registrant as
    Specified in Its Charter)</FONT></I>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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    <TD width="32%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
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    <TD width="32%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
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<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B><FONT style="font-size: 9pt">California</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B><FONT style="font-size: 9pt">6022</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B><FONT style="font-size: 9pt">95-3629339</FONT></B>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
    <I>(State or other jurisdiction of<BR>
    incorporation or organization)</I>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <I>(Primary Standard Industrial<BR>
    Classification Code Number)</I>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <I>(I.R.S. Employer<BR>
    Identification No.) </I>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">701&#160;N.&#160;Haven Avenue,
    Suite&#160;350</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Ontario, California
    91764</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Address, including zip code,
    and telephone number, including area</FONT></I>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">code, of registrant&#146;s
    principal executive offices)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Christopher D. Myers</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">President and Chief Executive
    Officer</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">CVB Financial Corp.</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">701&#160;N.&#160;Haven Avenue,
    Suite&#160;350</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Ontario, California
    91764</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt"><FONT style="white-space: nowrap">(909)&#160;980-4030</FONT></FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Name, address, including zip
    code, and telephone number,</FONT></I>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">including area code, of agent
    for service)</FONT></I>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 9pt">Copy to:</FONT></I></B>
</DIV>

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    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
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    <TD width="49%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
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<TR valign="bottom">
<TD align="center" valign="top">
    <B>William T. Quicksilver,&#160;Esq.<BR>
    Craig D. Miller,&#160;Esq.<BR>
    Renee E. Becker,&#160;Esq.<BR>
    Manatt, Phelps&#160;&#038; Phillips, LLP<BR>
    11355&#160;West Olympic Blvd.<BR>
    Los Angeles, California 90064<BR>
    <FONT style="white-space: nowrap">(310)&#160;312-4000</FONT><BR>
    <FONT style="white-space: nowrap">(310)&#160;312-4224&#160;&#151;</FONT>
    Facsimile</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>Gregg A. Noel,&#160;Esq.<BR>
    Skadden, Arps, Slate, Meagher &#038; Flom LLP<BR>
    300 South Grand Avenue<BR>
    Los Angeles, California 90071<BR>
    (213) 687-5000<BR>
    (213) 687-5600&#160;&#151; Facsimile</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">As soon as practicable after the
    effective date of this Registration Statement.
    </FONT>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">(Approximate date of commencement
    of proposed sale to the public)
    </FONT>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">&#160;&#160;&#160;&#160;&#160;If
    any of the securities being registered on this Form are to be
    offered on a delayed or continuous basis pursuant to
    Rule&#160;415 under the Securities Act of 1933 check the
    following
    box.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">&#160;&#160;&#160;&#160;&#160;If
    this Form is filed to register additional securities for an
    offering pursuant to Rule&#160;462(b) under the Securities Act,
    please check the following box and list the Securities Act
    registration statement number of the earlier effective
    registration statement for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">&#160;&#160;&#160;&#160;&#160;If
    this Form is a post-effective amendment filed pursuant to
    Rule&#160;462(c) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">&#160;&#160;&#160;&#160;&#160;If
    this Form is a post-effective amendment filed pursuant to
    Rule&#160;462(d) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 9pt">&#160;&#160;&#160;&#160;&#160;Indicate
    by check mark whether the registrant is a large accelerated
    filer, an accelerated filer, a non-accelerated filer, or a
    smaller reporting company. See the definitions of &#147;large
    accelerated filer,&#148; &#147;accelerated filer&#148; and
    &#147;smaller reporting company&#148; in
    <FONT style="white-space: nowrap">Rule&#160;12b-2</FONT>
    of the Exchange Act (Check one):
    </FONT>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="25%"></TD>
    <TD width="25%"></TD>
    <TD width="25%"></TD>
    <TD width="25%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <FONT style="font-size: 9pt; font-family: 'Times New Roman', Times">Large
    accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>
    </FONT></TD>
    <TD nowrap align="center">    <FONT style="font-size: 9pt; font-family: 'Times New Roman', Times">
    Accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT></TD>
    <TD nowrap align="center">    <FONT style="font-size: 9pt; font-family: 'Times New Roman', Times">
    Non-accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT></TD>
    <TD nowrap align="right">    <FONT style="font-size: 9pt; font-family: 'Times New Roman', Times">
    Smaller reporting
    company&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT></TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">CALCULATION OF REGISTRATION
    FEE</FONT></B>
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterright -->
    <TD width="23%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
    <B>Proposed Maximum<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>Title of Each Class of<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Aggregate Offering<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Amount of<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>Securities to be Registered</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Price(1)(2)</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Registration Fee</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Common Stock, no par value
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    $115,000,000
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    $6,417
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Rights to Purchase Series&#160;A Preferred Stock(3)
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Total:
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    $115,000,000
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    $6,417
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="98%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    <FONT style="font-size: 9pt">(1)
    </FONT></TD>
    <TD></TD>
    <TD valign="bottom">
    <FONT style="font-size: 9pt">Estimated solely for the purpose of
    determining the amount of the registration fee in accordance
    with Rule&#160;457(o) under the Securities Act of 1933, as
    amended.
    </FONT></TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    <FONT style="font-size: 9pt">(2)
    </FONT></TD>
    <TD></TD>
    <TD valign="bottom">
    <FONT style="font-size: 9pt">Includes offering price of shares
    that the underwriters have the option to purchase to cover
    over-allotments, if any.
    </FONT></TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    <FONT style="font-size: 9pt">(3)
    </FONT></TD>
    <TD></TD>
    <TD valign="bottom">
    <FONT style="font-size: 9pt">Associated with each share of the
    Common Stock of CVB Financial Corp. is one right to purchase one
    one-thousandth of a share of CVB Financial Corp. Series&#160;A
    Participating Preferred Stock (the &#147;Series&#160;A Preferred
    Stock&#148;) that will not be exercisable or evidenced
    separately from the Common Stock prior to the occurrence of
    certain events. No separate consideration will be received by
    CVB Financial Corp. for the initial issuance of the rights to
    purchase the Series&#160;A Preferred Stock.
    </FONT></TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">The Registrant hereby amends
    this Registration Statement on such date or dates as may be
    necessary to delay its effective date until the Registrant shall
    file a further amendment which specifically states that this
    Registration Statement shall thereafter become effective in
    accordance with Section&#160;8(a) of the Securities Act of 1933,
    as amended, or until this Registration Statement shall become
    effective on such date as the Commission, acting pursuant to
    said Section&#160;8(a), may determine.</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=504 length=0 -->

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER><!-- callerid=999 iwidth=504 length=0 -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN PAGE WIDTH -->

<TABLE style="color: #FF0000" width="100%" border="1" cellpadding="5"><TR><TD>
<FONT style="font-size: 9pt; font-family: Arial, Helvetica; color: #E8112D">The
information in this prospectus is not complete and may be
changed. We may not sell these securities until the registration
statement filed with the Securities and Exchange Commission is
effective. This prospectus is not an offer to sell these
securities and it is not soliciting an offer to buy these
securities in any jurisdiction where the offer or sale is not
permitted.<BR>
</FONT>
</TD></TR></TABLE>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="color: #E8112D">SUBJECT TO COMPLETION, DATED
    JUNE 3, 2009</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>PRELIMINARY PROSPECTUS</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;Shares</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="v52767orv5276700.gif" alt="(CVB FINANCIAL CORP)"><FONT style="font-size: 14pt">
    </FONT>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">Common Stock</FONT></B>
</DIV>

<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are
    offering&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;shares
    of our common stock, no par value per share. Our common stock is
    traded on the NASDAQ Global Select Market under the symbol
    &#147;CVBF.&#148; On June&#160;2, 2009, the last reported sale
    price of our common stock on the NASDAQ Global Select Market was
    $6.28 per share.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>These shares of common stock are not savings accounts,
    deposits, or other obligations of our bank subsidiary or any of
    our non-bank subsidiaries and are not insured by the Federal
    Deposit Insurance Corporation or any other governmental
    agency.</I>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 5%; font-size: 12pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Investing in our common stock involves risks. See &#147;Risk
    Factors&#148; beginning on page&#160;5 to read about factors you
    should consider before buying our common stock.</B>
</DIV>

<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Neither the Securities and Exchange Commission nor any state
    securities regulator has approved or disapproved of these
    securities or determined if this prospectus is truthful or
    complete. Any representation to the contrary is a criminal
    offense.</B>
</DIV>

<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="81%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Per Share</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Public offering price
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Underwriting discounts and commissions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Proceeds to CVB Financial Corp. (before expenses)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The underwriters also may purchase up to an
    additional&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;shares
    of our common stock within 30&#160;days of the date of this
    prospectus to cover over-allotments, if any.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The underwriters expect to deliver the common stock in
    book-entry form only, through the facilities of The Depository
    Trust&#160;Company, against payment on or
    about&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;,
    2009.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="50%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <B><FONT style="font-size: 16pt; font-family: 'Times New Roman', Times">Keefe,
    Bruyette&#160;&#038; Woods</FONT></B></TD>
    <TD nowrap align="right">    <B><FONT style="font-size: 16pt; font-family: 'Times New Roman', Times">
    Sandler O&#146;Neill + Partners, L.P.</FONT></B></TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The date of this prospectus
    is&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;,
    2009.
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Page</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#101'>SPECIAL NOTE&#160;REGARDING FORWARD-LOOKING
    STATEMENTS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    ii
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#102'>ABOUT THIS PROSPECTUS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    iv
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#103'>WHERE YOU CAN FIND MORE INFORMATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    iv
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#104'>PROSPECTUS SUMMARY</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#105'>SUMMARY SELECTED CONSOLIDATED FINANCIAL
    INFORMATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#106'>RISK FACTORS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#107'>USE OF PROCEEDS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#108'>CAPITALIZATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#109'>RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED
    DIVIDENDS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#110'>PRICE RANGE OF COMMON STOCK</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#111'>DIVIDEND POLICY</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#112'>DESCRIPTION OF CAPITAL STOCK</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#113'>U.S. FEDERAL TAX CONSIDERATIONS FOR
    <FONT style="white-space: nowrap">NON-U.S.</FONT>
    HOLDERS OF OUR COMMON STOCK</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#114'>CERTAIN ERISA CONSIDERATIONS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#115'>UNDERWRITING</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#116'>LEGAL MATTERS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#117'>EXPERTS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="v52767orexv5w1.htm">EX-5.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="v52767orexv12w1.htm">EX-12.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="v52767orexv23w1.htm">EX-23.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="v52767orexv23w2.htm">EX-23.2</A></FONT></TD></TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    i
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='101'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SPECIAL
    NOTE&#160;REGARDING FORWARD-LOOKING STATEMENTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus and the documents incorporated herein by
    reference include &#147;forward-looking statements&#148; within
    the meaning of Section&#160;27A of the Securities Act of 1933,
    as amended, and Section&#160;21E of the Securities Exchange Act
    of 1934, as amended, or the Exchange Act. Words such as
    &#147;aims,&#148; &#147;anticipates,&#148; &#147;believes,&#148;
    &#147;could,&#148; &#147;estimates,&#148; &#147;expects,&#148;
    &#147;hopes,&#148; &#147;intends,&#148; &#147;may,&#148;
    &#147;plans,&#148; &#147;projects,&#148; &#147;seeks,&#148;
    &#147;should,&#148; &#147;will&#148; and variations of these
    words and similar expressions are intended to identify these
    forward-looking statements. These forward-looking statements are
    subject to certain risks and uncertainties that could cause
    actual results to differ materially from our historical
    experience and our present expectations or projections. Factors
    that could cause actual results to differ from those discussed
    in the forward-looking statements include but are not limited to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Local, regional, national and international economic conditions
    and events and the impact they may have on us and our customers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ability to attract deposits and other sources of liquidity;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Oversupply of inventory and continued deterioration in values of
    California real estate, both residential and commercial;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    A prolonged slowdown in construction activity;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Changes in the financial performance
    <FONT style="white-space: nowrap">and/or</FONT>
    condition of our borrowers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Changes in the level of non-performing assets and charge-offs;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ability to repurchase our securities issued to the
    U.S.&#160;Treasury pursuant to its Capital Purchase Program;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The effect of changes in laws and regulations (including laws
    and regulations concerning taxes, banking, securities, executive
    compensation and insurance) with which we and our subsidiaries
    must comply;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Changes in estimates of future reserve requirements based upon
    the periodic review thereof under relevant regulatory and
    accounting requirements;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Inflation, interest rate, securities market and monetary
    fluctuations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Political instability;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Acts of war or terrorism, or natural disasters, such as
    earthquakes, or the effects of pandemic flu;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The timely development and acceptance of new banking products
    and services and perceived overall value of these products and
    services by users;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Changes in consumer spending, borrowing and savings habits;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Technological changes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The ability to increase market share and control expenses;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Changes in the competitive environment among financial and bank
    holding companies and other financial service providers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Continued volatility in the credit and equity markets and its
    effect on the general economy;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The effect of changes in accounting policies and practices, as
    may be adopted by the regulatory agencies, as well as the Public
    Company Accounting Oversight Board, the Financial Accounting
    Standards Board and other accounting standard setters;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Changes in our organization, management, compensation and
    benefit plans;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The costs and effects of legal and regulatory developments
    including the resolution of legal proceedings or regulatory or
    other governmental inquiries and the results of regulatory
    examinations or reviews;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Our success at managing the risks involved in the foregoing
    items.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    ii
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The forward-looking statements are based upon management&#146;s
    beliefs and assumptions and are made as of the date of this
    prospectus. We undertake no obligation to publicly update or
    revise any forward-looking statements included or incorporated
    by reference in this prospectus or to update the reasons why
    actual results could differ from those contained in such
    statements, whether as a result of new information, future
    events or otherwise, except to the extent required by federal
    securities laws. Forward-looking statements may be contained in
    this prospectus (and the documents incorporated by reference
    herein) under &#147;Risk Factors,&#148; or may be contained in
    our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    or in our Quarterly Reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    under headings such as &#147;Management&#146;s Discussion and
    Analysis of Financial Conditions and Results of Operations&#148;
    and &#147;Business,&#148; or in our Current Reports on
    <FONT style="white-space: nowrap">Form&#160;8-K,</FONT>
    among other places. Any investor in us should consider all risks
    and uncertainties disclosed in our filings with the Securities
    and Exchange Commission, or the SEC, described below under the
    heading &#147;Where You Can Find More Information,&#148; all of
    which are accessible on the SEC&#146;s website at
    <U>www.sec.gov</U>.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    iii
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='102'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ABOUT
    THIS PROSPECTUS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You should rely only on the information contained or
    incorporated by reference in this prospectus. We have not, and
    the underwriters have not, authorized any person to provide you
    with different or inconsistent information. If anyone provides
    you with different or inconsistent information, you should not
    rely on it. We are not, and the underwriters are not, making an
    offer to sell these securities in any jurisdiction where the
    offer or sale is not permitted. You should assume that the
    information appearing in this prospectus and the documents
    incorporated by reference is accurate only as of their
    respective dates. CVB Financial Corp.&#146;s business, financial
    condition, results of operations and prospects may have changed
    since such dates.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated or unless the context requires
    otherwise, all references in this prospectus to &#147;CVB
    Financial Corp.,&#148; the &#147;Company,&#148; &#147;we,&#148;
    &#147;us,&#148; &#147;our,&#148; or similar references, mean CVB
    Financial Corp. and its subsidiaries on a consolidated basis.
    References to &#147;Citizens Business Bank&#148; or the
    &#147;Bank&#148; means our wholly owned banking subsidiary.
</DIV>
<A name='103'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">WHERE YOU
    CAN FIND MORE INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We file annual, quarterly, and current reports, proxy statements
    and other information with the SEC. Our SEC filings are
    available to the public over the Internet at the SEC&#146;s web
    site at www.sec.gov and on the investor relations page of our
    website at www.cbbank.com. Information on our web site is not
    part of this prospectus. You may also read and copy any document
    we file with the SEC at its public reference facilities at
    100&#160;F&#160;Street N.E., Washington,&#160;D.C. 20549. You
    can also obtain copies of the documents upon the payment of a
    duplicating fee to the SEC. Please call the SEC at
    <FONT style="white-space: nowrap">1-800-SEC-0330</FONT>
    for further information on the operation of the public reference
    facilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This prospectus omits some information contained in the
    registration statement in accordance with SEC rules and
    regulations. You should review the information and exhibits
    included in the registration statement for further information
    about us and the securities we are offering. Statements in this
    prospectus concerning any document we filed as an exhibit to the
    registration statement or that we otherwise filed with the SEC
    are not intended to be comprehensive and are qualified by
    reference to these filings. You should review the complete
    document to evaluate these statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The SEC allows us to &#147;incorporate by reference&#148;
    information we file with it, which means that we can disclose
    important information to you by referring you to other
    documents. The information incorporated by reference is
    considered to be a part of this prospectus. Information
    contained in this prospectus supersedes information incorporated
    by reference that we have filed with the SEC prior to the date
    of this prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We incorporate by reference the following documents listed
    below, except to the extent that any information contained in
    such filings is deemed &#147;furnished&#148; in accordance with
    SEC rules:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2008, filed with the
    SEC on February&#160;27, 2009, including portions incorporated
    by reference therein to our Definitive Proxy Statement on
    Schedule&#160;14A, filed with the SEC on April&#160;7, 2009;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Our Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the fiscal quarter ended March&#160;31, 2009, as filed with
    the SEC on May&#160;7, 2009;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Our Current Reports on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on January&#160;2, 2009, January&#160;7,
    2009, January&#160;27, 2009 and February&#160;26, 2009.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These documents contain important information about us, our
    business and our financial condition. You may request a copy of
    these filings, at no cost, by writing or telephoning us at:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">CVB
    Financial Corp.<BR>
    701&#160;N.&#160;Haven Avenue, Suite&#160;350<BR>
    Ontario, California 91764<BR>
    <FONT style="white-space: nowrap">(909)&#160;980-4030</FONT>
    </FONT>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    iv
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<A name='104'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROSPECTUS
    SUMMARY</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>This summary highlights selected information contained
    elsewhere or incorporated by reference in this prospectus and
    may not contain all the information that you need to consider in
    making your investment decision. You should carefully read this
    entire prospectus, as well as the information to which we refer
    you and the information incorporated by reference herein, before
    deciding whether to invest in the common stock. You should pay
    special attention to the &#147;Risk Factors&#148; section of
    this prospectus to determine whether an investment in the common
    stock is appropriate for you.</I>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">About CVB
    Financial Corp.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CVB Financial Corp., a California corporation organized in 1981,
    is a bank holding company registered under the Bank Holding
    Company Act of 1956, as amended. We focus on providing a wide
    range of banking, investing and trust services through our
    wholly owned banking subsidiary, Citizens Business Bank, which
    is our principal asset. Citizens Business Bank, which has
    conducted business since 1974, is a California state-chartered
    bank headquartered in Ontario, California. Citizens Business
    Bank is the largest financial institution headquartered in the
    Inland Empire region of Southern California, based on assets. As
    of March&#160;31, 2009, the Bank serves 40&#160;cities with
    43&#160;business financial centers and 5 commercial banking
    centers in the Inland Empire, Los Angeles County, Orange County
    and the Central Valley areas of California. Its leasing
    division, Citizens Financial Services, provides vehicle leasing,
    equipment leasing and real estate loan services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of March&#160;31, 2009, we had consolidated total assets of
    $6.42&#160;billion, total deposits of $3.79&#160;billion, and
    loans and leases totaling $3.66&#160;billion. Through our
    network of banking offices, we emphasize personalized service
    combined with a full range of banking and trust services for
    businesses, professionals and individuals located in the service
    areas of our offices. Although we focus the marketing of our
    services to small-and medium-sized businesses, a full range of
    retail banking services are made available to the local consumer
    market.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a bank holding company, we are subject to the supervision of
    the Board of Governors of the Federal Reserve System, or the
    Federal Reserve. We are required to file with the Federal
    Reserve reports and other information regarding our business
    operations and the business operations of our subsidiaries. As a
    California chartered bank, Citizens Business Bank is subject to
    primary supervision, periodic examination, and regulation by the
    California Department of Financial Institutions, and by the
    Federal Deposit Insurance Corporation, or the FDIC, as its
    primary federal regulator.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our principal executive office is located at 701 North Haven
    Avenue, Suite&#160;350, Ontario, California 91764, telephone
    number:
    <FONT style="white-space: nowrap">(909)&#160;980-4030.</FONT>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risk
    Factors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    An investment in our common stock involves certain risks. You
    should carefully consider the risks described under &#147;Risk
    Factors&#148; beginning on page&#160;5 of this prospectus, as
    well as other information included or incorporated by reference
    into this prospectus, including our financial statements and the
    notes thereto, before making an investment decision.
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Offering</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>The following summary of the offering contains basic
    information about the offering and the common stock and is not
    intended to be complete. It does not contain all the information
    that is important to you. For a more complete understanding of
    the common stock, please refer to the section of this prospectus
    entitled &#147;Description of Capital Stock.&#148;</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Issuer</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    CVB Financial Corp., a California corporation.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Common stock offered</B> </TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -38pt; margin-left: 38pt">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;shares
    of common stock, no par value.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Over-allotment option</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    We have granted the underwriters an option to purchase up to an
    additional&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;
    shares of common stock within 30&#160;days of the date of this
    prospectus in order to cover over-allotments, if any.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Common stock outstanding after this</B> <B>offering</B> </TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -38pt; margin-left: 38pt">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;shares
    of common stock. (1)(2)</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Use of Proceeds</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    We intend to use the proceeds from the sale of our common stock,
    along with other funds, to redeem all of the 130,000&#160;shares
    of Fixed Rate Cumulative Perpetual Preferred Stock,
    Series&#160;B, or Series&#160;B Preferred Stock, and to
    repurchase the ten-year warrant to purchase up to
    1,669,521&#160;shares of our common stock, previously sold to
    the U.S.&#160;Department of the Treasury, or the U.S. Treasury,
    under its Capital Purchase Program. The approvals of the U.S.
    Treasury and our banking regulators are required for the
    repurchase of these securities. If we do not receive the
    necessary regulatory approvals to repurchase the Series&#160;B
    Preferred Stock and the related warrant, or our board of
    directors subsequently determines not to repurchase the
    Series&#160;B Preferred Stock and the related warrant, we will
    use the net proceeds of this offering for general corporate
    purposes and may contribute some portion of the net proceeds to
    the capital of the Bank, which will use such amount for its
    general corporate purposes.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Market and trading symbol for the common</B> <B>stock</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    Our common stock is listed and traded on the NASDAQ Global
    Select Market under the symbol &#147;CVBF.&#148;</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The number of shares of common stock outstanding immediately
    after the closing of this offering is based
    on&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;&#160;shares
    of common stock outstanding as
    of&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;,
    2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Unless otherwise indicated, the number of shares of common stock
    presented in this prospectus excludes shares issuable pursuant
    to the exercise of the underwriters&#146; over-allotment option,
    3,495,391&#160;shares of common stock issuable under our stock
    compensation plans and 1,669,521&#160;shares of common stock
    issuable upon the exercise of the warrant held by the U.S.
    Treasury.</TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<A name='105'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SUMMARY
    SELECTED CONSOLIDATED FINANCIAL INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You should read the summary selected consolidated financial
    information presented below in conjunction with the
    &#147;Management&#146;s Discussion and Analysis of Financial
    Condition and Results of Operations&#148; and our financial
    statements and the notes to those financial statements appearing
    in our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2008, which is
    incorporated by reference in this prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following tables set forth selected consolidated financial
    data for us at and for each of the years in the five-year period
    ended December&#160;31, 2008 and at and for the three month
    periods ended March&#160;31, 2009 and 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The selected statement of income data for the years ended
    December&#160;31, 2008, 2007 and 2006, and the selected
    statement of financial condition data as of December&#160;31,
    2008 and 2007, have been derived from our audited financial
    statements included in our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2008, which is
    incorporated by reference in this prospectus. The selected
    statement of income data for the years ended December&#160;31,
    2005 and 2004 and the summary statement of financial condition
    data as of December&#160;31, 2006, 2005 and 2004 have been
    derived from our audited financial statements that are not
    included in this prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The summary financial data at and for the three months ended
    March&#160;31, 2009 and 2008 have been derived from our
    unaudited interim financial statements included in our Quarterly
    Reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the fiscal quarters ended March&#160;31, 2009 and
    March&#160;31, 2008, respectively, and are incorporated by
    reference in this prospectus. These unaudited interim financial
    statements include all adjustments (consisting only of normal
    recurring adjustments) that we consider necessary for a fair
    presentation of our financial condition and results of
    operations as of the dates and for the periods indicated.
    Historical results are not necessarily indicative of future
    results and the results for the three months ended
    March&#160;31, 2009, are not necessarily indicative of our
    expected results for the full year ending December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="37%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>At or For the Three<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Months Ended March&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>At or For The Year Ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2004</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="26" nowrap align="center" valign="bottom">
    <B>(Amounts and numbers in thousands except per share
    amounts)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Interest Income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    78,962
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    83,219
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    332,518
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    341,277
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    316,091
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    246,884
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    197,257
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Interest Expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,670
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39,089
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    138,839
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    180,135
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    147,464
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77,436
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46,517
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Net Interest Income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55,292
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44,130
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    193,679
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    161,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    168,627
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    169,448
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    150,740
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Provision for Credit Losses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,700
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26,600
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Other Operating Income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16,357
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,140
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34,457
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31,325
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,258
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,505
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,907
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Other Operating Expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31,397
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28,399
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    115,788
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    105,404
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    95,824
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90,053
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89,722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Earnings Before Income Taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18,252
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,171
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    85,748
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,063
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    103,061
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    106,900
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88,925
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income Taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,084
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,987
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,675
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32,481
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36,710
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,698
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>NET EARNINGS</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    13,168
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,184
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    63,073
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    60,584
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    70,580
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    70,190
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    61,227
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Basic Earnings Per Common Share(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.13
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.72
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.84
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.83
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.74
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Diluted Earnings Per Common Share(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.13
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.72
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.83
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.83
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.73
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cash Dividends Declared Per Common Share
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.340
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.340
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.355
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.420
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.480
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cash Dividends Paid on Common Shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,083
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,093
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28,317
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28,479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,876
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,963
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,821
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Dividend Pay-Out Ratio(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53.79
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    43.83
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44.90
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    47.01
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39.50
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39.84
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38.91
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Weighted Average Common Shares(1):
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,174,373
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,151,328
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,120,817
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,600,316
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84,154,216
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84,139,254
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,221,496
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,303,201
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,521,594
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,335,503
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84,005,941
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84,813,875
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84,911,893
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84,258,933
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Common Stock Data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Common Shares Outstanding(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,326,511
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,095,678
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,270,263
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,164,906
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84,281,722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84,073,227
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    83,416,193
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Book Value Per Share(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.05
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5.92
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5.11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4.60
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4.07
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3.81
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="37%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>At or For the Three<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Months Ended March&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>At or For The Year Ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2004</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="26" nowrap align="center" valign="bottom">
    <B>(Amounts and numbers in thousands except per share
    amounts)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Financial Position:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,416,089
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,374,802
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,649,651
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,293,963
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,092,248
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,422,283
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,510,752
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Investment Securities Available-for-Sale
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,319,051
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,546,367
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,493,476
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,390,566
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,582,902
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,369,892
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,085,014
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Net Loans(4)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,593,104
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,357,481
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,682,878
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,462,095
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,042,459
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,640,660
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,117,580
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Deposits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,785,265
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,260,668
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,508,156
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,364,349
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,406,808
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,424,045
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,875,039
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Borrowings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,812,516
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,362,353
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,345,473
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,339,809
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,139,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,496,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,186,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Junior Subordinated Debentures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    115,055
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    115,055
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    115,055
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    115,055
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    108,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    82,476
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    82,746
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Stockholders&#146; Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    626,361
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    451,789
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    614,892
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    424,948
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    387,325
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    342,189
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    317,224
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Equity-to-Assets Ratio(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.76
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.09
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.25
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.75
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.36
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.31
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Financial Performance:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Net Income to Beginning Equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.68
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15.32
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.84
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15.64
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.63
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22.13
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21.35
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Net Income to Average Equity (ROE)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.56
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.91
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.75
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15.00
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19.45
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.77
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.25
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Net Income to Average Assets (ROA)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.81
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.05
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.99
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.00
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.22
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.44
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.46
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Net Interest Margin (TE)(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.75
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.25
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.41
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.30
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.86
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.99
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Efficiency Ratio(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    63.24
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    56.16
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57.45
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55.93
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    48.18
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    45.72
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    50.22
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Credit Quality:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Allowance for Credit Losses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    65,755
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    34,711
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    53,960
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    33,049
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    27,737
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    23,204
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    22,494
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Allowance/Total Loans
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.80
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.02
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.44
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.95
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.90
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.87
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.05
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Total Non-Accrual Loans
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    48,037
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,707
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    17,684
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,435
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Non-Accrual Loans/Total Loans
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.31
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.08
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.47
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.04
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.00
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.00
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.00
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Allowance/Non-Accrual Loans
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    136.88
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1282.27
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    305.13
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,303
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Net (Recoveries)/Charge-offs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    10,205
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,689
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,358
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,533
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    46
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,212
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Net (Recoveries)/Charge-Offs/Average Loans
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.28
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.00
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.16
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.04
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#8722;0.05
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.00
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#8722;0.06
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Regulatory Capital Ratios</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>For the Company:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Leverage Ratio
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Tier&#160;1 Capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Total Capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>For the Bank:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Leverage Ratio
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Tier&#160;1 Capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    Total Capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    All per share information has been retroactively adjusted to
    reflect the 10% stock dividend declared December&#160;20, 2006
    and paid January&#160;19, 2007, the
    <FONT style="white-space: nowrap">5-for-4</FONT>
    stock split declared on December&#160;21, 2005, which became
    effective January&#160;10, 2006, and the
    <FONT style="white-space: nowrap">5-for-4</FONT>
    stock split declared December&#160;15, 2004, which became
    effective December&#160;29, 2004. Cash dividends declared per
    share are not restated in accordance with generally accepted
    accounting principles.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Stockholders&#146; equity divided by total assets.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Cash dividends divided by net earnings.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Net of deferred fees and allowance for credit losses.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Net interest income (TE) divided by total average earning assets.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Noninterest expense divided by total revenue (net interest
    income, after provision for credit losses, and other operating
    income).</TD>
</TR>

</TABLE>

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    4
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<A name='106'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

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    <B><FONT style="font-family: 'Times New Roman', Times">RISK
    FACTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>An investment in our common stock involves certain risks.
    Before making an investment decision, you should read carefully
    and consider the risk factors below relating to this offering.
    You should also refer to other information contained in or
    incorporated by reference in this prospectus and any applicable
    prospectus supplement, including our financial statements and
    the related notes incorporated by reference herein. Additional
    risks and uncertainties not presently known to us at this time
    or that we currently deem immaterial may also materially and
    adversely affect our business and operations.</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Relating to Recent Economic Conditions and Governmental Response
    Efforts</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Difficult
    economic and market conditions have adversely affected our
    industry.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dramatic declines in the housing market, with decreasing home
    prices and increasing delinquencies and foreclosures, have
    negatively impacted the credit performance of mortgage and
    construction loans and resulted in significant write-downs of
    assets by many financial institutions. General downward economic
    trends, reduced availability of commercial credit and increasing
    unemployment have negatively impacted the credit performance of
    commercial and consumer credit, resulting in additional
    write-downs. Concerns over the stability of the financial
    markets and the economy have resulted in decreased lending by
    financial institutions to their customers and to each other.
    This market turmoil and tightening of credit has led to
    increased commercial and consumer deficiencies, lack of customer
    confidence, increased market volatility and widespread reduction
    in general business activity. Financial institutions have
    experienced decreased access to deposits and borrowings. The
    resulting economic pressure on consumers and businesses and the
    lack of confidence in the financial markets may adversely affect
    our business, financial condition, results of operations and
    stock price. We do not expect that the difficult conditions in
    the financial markets are likely to improve in the near future.
    A worsening of these conditions would likely exacerbate the
    adverse effects of these difficult market conditions on us and
    others in the financial institutions industry. In particular, we
    may face the following risks in connection with these events:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    We potentially face increased regulation of our industry.
    Compliance with such regulation may increase our costs and limit
    our ability to pursue business opportunities.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The process we use to estimate losses inherent in our credit
    exposure requires difficult, subjective and complex judgments,
    including forecasts of economic conditions and how these
    economic conditions might impair the ability of our borrowers to
    repay their loans. The level of uncertainty concerning economic
    conditions may adversely affect the accuracy of our estimates
    which may, in turn, impact the reliability of the process.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The value of the portfolio of investment securities that we hold
    may be adversely affected.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    We may be required to pay significantly higher FDIC premiums
    because market developments have significantly depleted the
    insurance fund of the FDIC and reduced the ratio of reserves to
    insured deposits.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If current levels of market disruption and volatility continue
    or worsen, there can be no assurance that we will not experience
    an adverse effect, which may be material, on our business,
    financial condition and results of operations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Recent legislative and regulatory initiatives to address
    difficult market and economic conditions may not stabilize the
    U.S.&#160;banking system. On October&#160;3, 2008, President
    Bush signed into law the Emergency Economic Stabilization Act of
    2008, or the Emergency Economic Stabilization Act, in response
    to the current crisis in the financial sector. The
    U.S.&#160;Treasury and banking regulators have implemented a
    number of programs under this legislation to address capital and
    liquidity issues in the banking system. On February&#160;17,
    2009, President Obama signed into law the American Recovery and
    Reinvestment Act of 2009, or the American Recovery and
    Reinvestment Act. There can be no assurance, however, as to the
    actual impact that the Emergency Economic Stabilization Act or
    the American Recovery and Reinvestment Act will have on the
    financial markets, including the extreme levels of volatility
    and limited credit availability currently being experienced. The
    failure of the Emergency Economic Stabilization Act or American
    Recovery and Reinvestment Act to help stabilize the financial
    markets and
</DIV>

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    <BR>
    5
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    a continuation or worsening of current financial market
    conditions could have a material, adverse effect on our
    business, financial condition, results of operations, access to
    credit or the value of our securities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">U.S.
    and international financial markets and economic conditions
    could adversely affect our liquidity, results of operations and
    financial condition.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Recent turmoil and downward economic trends have been
    particularly acute in the financial sector. Although we remain
    well capitalized and have not suffered any significant liquidity
    issues as a result of these recent events, the cost and
    availability of funds may be adversely affected by illiquid
    credit markets and the demand for our products and services may
    decline as our borrowers and customers realize the impact of an
    economic slowdown and recession. In view of the concentration of
    our operations and the collateral securing our loan portfolio in
    Central and Southern California, we may be particularly
    susceptible to the adverse economic conditions in the state of
    California where our business is concentrated. In addition, the
    severity and duration of these adverse conditions is unknown and
    may exacerbate our exposure to credit risk and adversely affect
    the ability of borrowers to perform under the terms of their
    lending arrangements with us.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    be required to make additional provisions for loan losses and
    charge off additional loans in the future, which could adversely
    affect our results of operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the quarter ended March&#160;31, 2009, we recorded a
    $22&#160;million provision for credit losses and charged off
    $10.2&#160;million, net of $99,000 in recoveries. For the year
    ended December&#160;31, 2008, we recorded a $26.6&#160;million
    provision for credit losses and charged off $5.7&#160;million,
    net of $348,000 in recoveries. There has been a significant
    slowdown in the housing market in portions of Los Angeles,
    Riverside, San&#160;Bernardino and Orange counties and the
    Central Valley area of California where a majority of our loan
    customers are based. This slowdown reflects declining prices and
    excess inventories of homes to be sold, which has contributed to
    financial strain on home builders and suppliers. As of
    March&#160;31, 2009, we had $2.3&#160;billion in real estate
    loans and $0.33&#160;billion in construction loans. Continuing
    deterioration in the real estate market generally and in the
    residential building segment in particular could result in
    additional loan charge-offs and provisions for credit losses in
    the future, which could have a material adverse effect on our
    financial condition, net income and capital.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Declines
    in commodity prices may adversely affect our results of
    operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of March&#160;31, 2009, approximately 11% of our loan
    portfolio was comprised of dairy and livestock loans. Our dairy
    and livestock loans are made to borrowers both within and
    outside of our Central and Southern California branch footprint.
    Recent declines in commodity prices, including milk prices,
    could adversely impact the ability of those to whom we have made
    dairy and livestock loans to perform under the terms of their
    borrowing arrangements with us. In particular, declines in
    commodity prices could result in additional loan charge-offs and
    provisions for credit losses in the future, which could have a
    material adverse effect on our financial condition, net income
    and capital.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Related to Our Market and Business</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    allowance for credit losses may not be adequate to cover actual
    losses.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A significant source of risk arises from the possibility that we
    could sustain losses because borrowers, guarantors, and related
    parties may fail to perform in accordance with the terms of
    their loans and leases. The underwriting and credit monitoring
    policies and procedures that we have adopted to address this
    risk may not prevent unexpected losses that could have a
    material adverse effect on our business, financial condition,
    results of operations and cash flows. We maintain an allowance
    for credit losses to provide for loan and lease defaults and
    non-performance. The allowance is also appropriately increased
    for new loan growth. While we believe that our allowance for
    credit losses is adequate to cover inherent losses, we cannot
    assure you that we will not increase the allowance for credit
    losses further or that regulators will not require us to
    increase this allowance.
</DIV>

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    <BR>
    6
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Liquidity
    risk could impair our ability to fund operations and jeopardize
    our financial condition.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Liquidity is essential to our business. An inability to raise
    funds through deposits, borrowings, the sale of loans and other
    sources could have a material adverse effect on our liquidity.
    Our access to funding sources in amounts adequate to finance our
    activities could be impaired by factors that affect us
    specifically or the financial services industry in general.
    Factors that could detrimentally impact our access to liquidity
    sources include a decrease in the level of our business activity
    due to a market downturn or adverse regulatory action against
    us. Our ability to acquire deposits or borrow could also be
    impaired by factors that are not specific to us, such as a
    severe disruption of the financial markets or negative views and
    expectations about the prospects for the financial services
    industry as a whole as the recent turmoil faced by banking
    organizations in the domestic and worldwide credit markets
    deteriorates.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    loan portfolio is predominantly secured by real estate and thus
    we have a higher degree of risk from a downturn in our real
    estate markets.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A further downturn in our real estate markets could hurt our
    business because many of our loans are secured by real estate.
    Real estate values and real estate markets are generally
    affected by changes in national, regional or local economic
    conditions, fluctuations in interest rates and the availability
    of loans to potential purchasers, changes in tax laws and other
    governmental statutes, regulations and policies and acts of
    nature, such as earthquakes and national disasters particular to
    California. Substantially all of our real estate collateral is
    located in California. If real estate values continue to further
    decline, the value of real estate collateral securing our loans
    could be significantly reduced. Our ability to recover on
    defaulted loans by foreclosing and selling the real estate
    collateral would then be diminished and we would be more likely
    to suffer losses on defaulted loans.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We are
    exposed to risk of environmental liabilities with respect to
    properties to which we take title.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the course of our business, we may foreclose and take title
    to real estate, and could be subject to environmental
    liabilities with respect to these properties. We may be held
    liable to a governmental entity or to third parties for property
    damage, personal injury, investigation and
    <FONT style="white-space: nowrap">clean-up</FONT>
    costs incurred by these parties in connection with environmental
    contamination, or may be required to investigate or
    <FONT style="white-space: nowrap">clean-up</FONT>
    hazardous or toxic substances, or chemical releases at a
    property. The costs associated with investigation or remediation
    activities could be substantial. In addition, if we are the
    owner or former owner of a contaminated site, we may be subject
    to common law claims by third parties based on damages and costs
    resulting from environmental contamination emanating from the
    property. If we become subject to significant environmental
    liabilities, our business, financial condition, results of
    operations and prospects could be adversely affected.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    experience goodwill impairment.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If our estimates of segment fair value change due to changes in
    our businesses or other factors, we may determine that
    impairment charges on goodwill recorded as a result of
    acquisitions are necessary. Estimates of fair value are
    determined based on our earnings and our fair value as
    determined by our stock price. If our fair value declines, we
    may need to recognize goodwill impairment in the future which
    would have a material adverse affect on our results of
    operations and capital levels.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    business is subject to interest rate risk and variations in
    interest rates may negatively affect our financial
    performance.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A substantial portion of our income is derived from the
    differential or &#147;spread&#148; between the interest earned
    on loans, securities and other interest-earning assets, and
    interest paid on deposits, borrowings and other interest-bearing
    liabilities. Because of the differences in the maturities and
    repricing characteristics of our interest-earning assets and
    interest-bearing liabilities, changes in interest rates do not
    produce equivalent changes in interest income earned on
    interest-earning assets and interest paid on interest-bearing
    liabilities. At March&#160;31, 2009, our balance sheet was
    liability sensitive and, as a result, our net interest margin
    tends to decline in a rising interest rate environment and
    expand in a declining interest rate environment. Accordingly,
    fluctuations in interest rates could adversely affect our
    interest rate spread and, in turn, our profitability. In
    addition, loan origination volumes are
</DIV>

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    <BR>
    7
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    affected by market interest rates. Higher interest rates,
    generally, are associated with a lower volume of loan
    originations while lower interest rates are usually associated
    with higher loan originations. Conversely, in rising interest
    rate environments, loan repayment rates may decline and in
    falling interest rate environments, loan repayment rates may
    increase. In addition, in a rising interest rate environment, we
    may need to accelerate the pace of rate increases on our deposit
    accounts as compared to the pace of future increases in
    short-term market rates. Accordingly, changes in levels of
    market interest rates could materially and adversely affect our
    net interest spread, asset quality and loan origination volume.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We are
    subject to extensive government regulation that could limit or
    restrict our activities, which, in turn, may hamper our ability
    to increase our assets and earnings.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our operations are subject to extensive regulation by federal,
    state and local governmental authorities and are subject to
    various laws and judicial and administrative decisions imposing
    requirements and restrictions on part or all of our operations.
    Because our business is highly regulated, the laws, rules,
    regulations and supervisory guidance and policies applicable to
    us are subject to regular modification and change. Perennially,
    various laws, rules and regulations are proposed, which, if
    adopted, could impact our operations by making compliance much
    more difficult or expensive, restricting our ability to
    originate or sell loans or further restricting the amount of
    interest or other charges or fees earned on loans or other
    products.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    short term and long term impact of the Basel&#160;II capital
    standards and the forthcoming new capital rules to be proposed
    for non-Basel&#160;II U.S. banks is uncertain.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of the recent deterioration in the global credit
    markets and the potential impact of increased liquidity risk and
    interest rate risk, it is unclear what the short term impact of
    the implementation of Basel&#160;II may be or what impact a
    pending alternative standardized approach to Basel&#160;II
    option for non-Basel&#160;II U.S.&#160;banks may have on the
    cost and availability of different types of credit and the
    potential compliance costs of implementing the new capital
    standards.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Failure
    to manage our growth may adversely affect our
    performance.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our financial performance and profitability depend on our
    ability to manage past and possible future growth. Future
    acquisitions and our continued growth may present operating,
    integration and other issues that could have a material adverse
    effect on our business, financial condition, results of
    operations and cash flows.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    face strong competition from financial services companies and
    other companies that offer banking services.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We conduct most of our operations in California. The banking and
    financial services businesses in California are highly
    competitive and increased competition in our primary market area
    may adversely impact the level of our loans and deposits.
    Ultimately, we may not be able to compete successfully against
    current and future competitors. These competitors include
    national banks, foreign banks, regional banks and other
    community banks. We also face competition from many other types
    of financial institutions, including savings and loan
    associations, finance companies, brokerage firms, insurance
    companies, credit unions, mortgage banks and other financial
    intermediaries. In particular, our competitors include major
    financial companies whose greater resources may afford them a
    marketplace advantage by enabling them to maintain numerous
    locations and mount extensive promotional and advertising
    campaigns. Areas of competition include interest rates for loans
    and deposits, efforts to obtain loan and deposit customers and a
    range in quality of products and services provided, including
    new technology driven products and services. If we are unable to
    attract and retain banking customers, we may be unable to
    continue our loan growth and level of deposits.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We
    rely on communications, information, operating and financial
    control systems technology from third-party service providers,
    and we may suffer an interruption in those
    systems.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We rely heavily on third-party service providers for much of our
    communications, information, operating and financial control
    systems technology, including our internet banking services and
    data processing systems. Any
</DIV>

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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    failure or interruption of these services or systems or breaches
    in security of these systems could result in failures or
    interruptions in our customer relationship management, general
    ledger, deposit, servicing
    <FONT style="white-space: nowrap">and/or</FONT> loan
    origination systems. The occurrence of any failures or
    interruptions may require us to identify alternative sources of
    such services, and we cannot assure you that we could negotiate
    terms that are as favorable to us, or could obtain services with
    similar functionality as found in our existing systems without
    the need to expend substantial resources, if at all.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We are
    dependent on key personnel and the loss of one or more of those
    key personnel may materially and adversely affect our
    prospects.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Competition for qualified employees and personnel in the banking
    industry is intense and there are a limited number of qualified
    persons with knowledge of, and experience in, the California
    community banking industry. The process of recruiting personnel
    with the combination of skills and attributes required to carry
    out our strategies is often lengthy. In addition, the American
    Recovery and Reinvestment Act has imposed significant
    limitations on executive compensation for recipients, such as
    us, of funds under the U.S.&#160;Treasury&#146;s Troubled Asset
    Relief Program, or TARP, Capital Purchase Program, which may
    make it more difficult for us to retain and recruit key
    personnel. Our success depends to a significant degree upon our
    ability to attract and retain qualified management, loan
    origination, finance, administrative, marketing and technical
    personnel and upon the continued contributions of our management
    and personnel. In particular, our success has been and continues
    to be highly dependent upon the abilities of key executives,
    including our President, and certain other employees. In
    addition, our success has been and continues to be highly
    dependent upon the services of our directors, many of whom are
    at or nearing retirement age, and we may not be able to identify
    and attract suitable candidates to replace such directors.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Managing
    reputational risk is important to attracting and maintaining
    customers, investors and employees.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Threats to our reputation can come from many sources, including
    adverse sentiment about financial institutions generally,
    unethical practices, employee misconduct, failure to deliver
    minimum standards of service or quality, compliance
    deficiencies, and questionable or fraudulent activities of our
    customers. We have policies and procedures in place to protect
    our reputation and promote ethical conduct, but these policies
    and procedures may not be fully effective. Negative publicity
    regarding our business, employees, or customers, with or without
    merit, may result in the loss of customers, investors and
    employees, costly litigation, a decline in revenues and
    increased governmental regulation.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    terms of our outstanding preferred stock limit our ability to
    pay dividends on and repurchase our common stock.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Purchase Agreement between us and the U.S.&#160;Treasury,
    pursuant to which we sold $130&#160;million of our Series&#160;B
    Preferred Stock and issued a warrant to purchase up to
    1,669,521&#160;shares of our common stock provides that prior to
    the earlier of (i)&#160;December&#160;5, 2011 and (ii)&#160;the
    date on which all of the shares of the Series&#160;B Preferred
    Stock have been redeemed by us or transferred by the
    U.S.&#160;Treasury to third parties, we may not, without the
    consent of the U.S.&#160;Treasury, (a)&#160;increase the
    quarterly cash dividend on our common stock above $0.085 per
    share, the amount of the last quarterly cash dividend per share
    declared prior to October&#160;14, 2008 or (b)&#160;subject to
    limited exceptions, redeem, repurchase or otherwise acquire
    shares of our common stock or preferred stock other than the
    Series&#160;B Preferred Stock. In addition, we are unable to pay
    any dividends on our common stock unless we are current in our
    dividend payments on the Series&#160;B Preferred Stock. These
    restrictions, together with the potentially dilutive impact of
    the warrant issued to the U.S.&#160;Treasury could have a
    negative effect on the value of our common stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Our
    outstanding preferred stock impacts net income available to our
    common stockholders and earnings per common share, and the
    warrant issued to the U.S. Treasury as well as other potential
    issuances of equity securities may be dilutive to holders of our
    common stock.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The dividends declared and the accretion on our outstanding
    preferred stock will reduce the net income available to common
    stockholders and our earnings per common share. Our outstanding
    preferred stock will also receive preferential treatment in the
    event of our liquidation, dissolution or winding up.
    Additionally, the ownership interest of the existing holders of
    our common stock will be diluted to the extent the warrant
    issued to the
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    U.S.&#160;Treasury is exercised. The shares of common stock
    underlying the warrant represent approximately 2.0% of the
    shares of our common stock outstanding as of March&#160;31, 2009
    (including the shares issuable upon exercise of the warrant in
    total shares outstanding). Although the U.S.&#160;Treasury has
    agreed not to vote any of the shares of common stock it receives
    upon exercise of the warrant, a transferee of any portion of the
    warrant or of any shares of common stock acquired upon exercise
    of the warrant is not bound by this restriction. In addition, to
    the extent options to purchase common stock under our employee
    and director stock option plans are exercised, holders of our
    common stock will incur additional dilution. Further, if we sell
    additional equity or convertible debt securities, such sales
    could result in increased dilution to our shareholders.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Because
    of our participation in the TARP, we are subject to several
    restrictions, including restrictions on compensation paid to our
    executives.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the terms of the Purchase Agreement, we adopted
    certain standards for executive compensation and corporate
    governance for the period during which the U.S.&#160;Treasury
    holds the equity issued pursuant to the Purchase Agreement.
    These standards generally apply to our Chief Executive Officer,
    Chief Financial Officer, and the three next most highly
    compensated senior executive officers. The standards include
    (1)&#160;ensuring that incentive compensation for senior
    executives does not encourage unnecessary and excessive risks
    that threaten the value of the financial institution;
    (2)&#160;required clawback of any bonus or incentive
    compensation paid to a senior executive based on statements of
    earnings, gains or other criteria that are later proven to be
    materially inaccurate; (3)&#160;prohibition on making golden
    parachute payments to senior executives; and (4)&#160;agreement
    not to deduct for tax purposes executive compensation in excess
    of $500,000 for each senior executive. In particular, the change
    to the deductibility limit on executive compensation will likely
    increase the overall cost of our compensation programs in future
    periods. Since the warrant issued to the U.S.&#160;Treasury has
    a ten year term, we could potentially be subject to certain
    executive compensation and corporate governance restrictions for
    a ten-year time period. Pursuant to the American Recovery and
    Reinvestment Act, further compensation restrictions, including
    significant limitations on incentive compensation, have been
    imposed on our senior executive officers and most highly
    compensated employees. Such restrictions and any future
    restrictions on executive compensation, which may be adopted,
    could adversely affect our ability to hire and retain senior
    executive officers.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Anti-takeover
    provisions of our articles of incorporation and by-laws and
    federal and state law may limit the ability of another party to
    acquire us, which could cause our stock price to
    decline.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Various provisions of our articles of incorporation and by-laws
    and certain other actions we have taken could delay or prevent a
    third-party from acquiring us, even if doing so might be
    beneficial to our shareholders. These include, among other
    things, a shareholder rights plan and the authorization to issue
    &#147;blank check&#148; preferred stock by action of the board
    of directors acting alone, thus without obtaining shareholder
    approval.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Federal law prohibits a person or group of persons &#147;acting
    in concert&#148; from acquiring &#147;control&#148; of a bank
    holding company unless the Federal Reserve Board has been given
    60&#160;days prior written notice of such proposed acquisition
    and within that time period the Federal Reserve has not issued a
    notice disapproving the proposed acquisition or extending for up
    to another 30&#160;days the period during which such a
    disapproval may be issued. An acquisition may be made prior to
    the expiration of the disapproval period if the Federal Reserve
    issues written notice of its intent not to disapprove the
    action. Under a rebuttable presumption established by the
    Federal Reserve, the acquisition of 10% or more of a class of
    voting stock of a bank or bank holding company with a class of
    securities registered under Section&#160;12 of the Exchange Act
    would, under the circumstances set forth in the presumption,
    constitute the acquisition of control. In addition, any
    &#147;company&#148; would be required to obtain the approval of
    the Federal Reserve under the Bank Holding Company Act before
    acquiring 25% (5% in the case of an acquiror that is, or is
    deemed to be, a bank holding company) or more of any class of
    voting stock, or such lesser number of shares as may constitute
    control.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the California Financial Code, no person shall, directly
    or indirectly, acquire control of a California state bank or its
    holding company unless the Department of Financial Institutions
    has approved such acquisition of control. A person would be
    deemed to have acquired control of Citizens Business Bank if
    such person, directly or indirectly, has the power (1)&#160;to
    vote 25% or more of the voting power of Citizens Business Bank,
    or (2)&#160;to direct or cause the direction of the management
    and policies of Citizens Business Bank. For purposes of this
    law, a person
</DIV>

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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    who directly or indirectly owns or controls 10% or more of our
    outstanding common stock would be presumed to control Citizens
    Business Bank.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These provisions of our articles of incorporation and by-laws
    and federal and state law may prevent a merger or acquisition
    that would be attractive to shareholders and could limit the
    price investors would be willing to pay in the future for our
    common stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Changes
    in stock market prices could reduce fee income from our
    brokerage, asset management and investment advisory
    businesses.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We earn substantial wealth management fee income for managing
    assets for our clients and also providing brokerage and
    investment advisory services. Because investment management and
    advisory fees are often based on the value of assets under
    management, a fall in the market prices of those assets could
    reduce our fee income. Changes in stock market prices could
    affect the trading activity of investors, reducing commissions
    and other fees we earn from our brokerage business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Relating to this Offering</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    not be able to repurchase the Series&#160;B Preferred Stock and
    the warrant sold to the U.S. Treasury as soon as we desire,
    thereby requiring us to continue to operate under the
    restrictions imposed by the U.S. Treasury under the Capital
    Purchase Program, and such restrictions may have unforeseen and
    unintended adverse effects on our business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As described in &#147;Use of Proceeds,&#148; we intend to use
    the proceeds of this offering, along with other funds, to
    repurchase the 130,000&#160;shares of Series&#160;B Preferred
    Stock and to repurchase the ten-year warrant to purchase up to
    1,669,521&#160;shares of our common stock previously sold to the
    U.S.&#160;Treasury under its Capital Purchase Program. The
    repurchase of the Series&#160;B Preferred Stock and the warrant
    are subject to regulatory approval. We can make no assurances as
    to when, or if, we will receive such approval. Until such time
    as we repurchase the Series&#160;B Preferred Stock, we will
    remain subject to the respective terms and conditions set forth
    in the agreements we entered into with the U.S.&#160;Treasury
    under the Capital Purchase Program. Among other things, prior to
    December&#160;5, 2011, unless we have redeemed all of the
    Series&#160;B Preferred Stock or the U.S.&#160;Treasury has
    transferred all of the Series&#160;B Preferred Stock to third
    parties, the consent of the U.S.&#160;Treasury would be required
    for us to increase our quarterly common stock dividend above
    $0.085 per share, the amount of our last quarterly cash dividend
    per share declared prior to October&#160;14, 2008, except in
    limited circumstances. Further, the continued existence of the
    Capital Purchase Program investment subjects us to increased
    regulatory and legislative oversight. The American Recovery and
    Reinvestment Act includes, among other things, amendments to the
    executive compensation provisions of the Emergency Economic
    Stabilization Act, and directs the Secretary of the Treasury to
    adopt standards that will implement the amended provisions of
    the Emergency Economic Stabilization Act and directs the SEC to
    issue rules in connection with certain of the amended
    provisions. However, the particular scope of those standards and
    rules, and the timing of their issuance, is not known. These,
    and any future legal requirements and implementing standards
    under the Capital Purchase Program may apply retroactively and
    may have unforeseen or unintended adverse effects on Capital
    Purchase Program participants and on the financial services
    industry as a whole. They may require us to expend significant
    time, effort and resources to ensure compliance, and the
    evolving regulations concerning executive compensation may
    impose limitations on us that affect our ability to compete
    successfully for executive and management talent.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">We may
    raise additional capital, which could have a dilutive effect on
    the existing holders of our common stock and adversely affect
    the market price of our common stock.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as described in the section entitled
    &#147;Underwriting,&#148; we are not restricted from issuing
    additional shares of common stock or securities that are
    convertible into or exchangeable for, or that represent the
    right to receive, common stock. We frequently evaluate
    opportunities to access the capital markets taking into account
    our regulatory capital ratios, financial condition and other
    relevant considerations, and subject to market conditions, we
    may take further capital actions in addition to issuance of the
    shares offered by this prospectus. Such actions could include,
    among other things, the issuance of additional shares of common
    stock in public or private
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    transactions in order to further increase our capital levels
    above the requirements for a well-capitalized institution
    established by the federal bank regulatory agencies as well as
    other regulatory targets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, we face significant regulatory and other
    governmental risk as a financial institution and a participant
    in the Capital Purchase Program, and it is possible that capital
    requirements and directives could in the future require us to
    change the amount or composition of our current capital,
    including common equity. In this regard, we note that we were
    not one of the 19 institutions required to conduct a
    forward-looking capital assessment, or &#147;stress test,&#148;
    in conjunction with the Federal Reserve and other federal bank
    supervisors, pursuant to the Supervisory Capital Assessment
    Program, a complement to the U.S.&#160;Treasury&#146;s Capital
    Assistance Program, which makes capital available to financial
    institutions as a bridge to private capital in the future.
    However, the stress assessment requirements under the Capital
    Assistance Program or similar requirement could be extended or
    otherwise impact financial institutions beyond the 19
    participating institutions, including us. As a result, we could
    determine, or our regulators could require us, to raise
    additional capital. There could also be market perceptions
    regarding the need to raise additional capital, whether as a
    result of public disclosures that were made regarding the
    Capital Assistance Program stress test methodology or otherwise,
    and, regardless of the outcome of the stress tests or other
    stress case analysis, such perceptions could have an adverse
    effect on the price of our common stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The issuance of any additional shares of common stock or
    securities convertible into or exchangeable for common stock or
    that represent the right to receive common stock, or the
    exercise of such securities, could be substantially dilutive to
    shareholders of our common stock, including purchasers of common
    stock in this offering. Holders of our shares of common stock
    have no preemptive rights that entitle holders to purchase their
    pro rata share of any offering of shares of any class or series
    and, therefore, such sales or offerings could result in
    increased dilution to our shareholders. The market price of our
    common stock could decline as a result of sales of shares of our
    common stock made after this offering or the perception that
    such sales could occur.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    price of our common stock may fluctuate significantly, and this
    may make it difficult for you to resell shares of common stock
    owned by you at times or at prices you find
    attractive.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The stock market and, in particular, the market for financial
    institution stocks, has experienced significant volatility,
    which, in recent months, has reached unprecedented levels. In
    some cases, the markets have produced downward pressure on stock
    prices for certain issuers without regard to those issuers&#146;
    underlying financial strength. As a result, the trading volume
    in our common stock may fluctuate more than usual and cause
    significant price variations to occur. This may make it
    difficult for you to resell shares of common stock owned by you
    at times or at prices you find attractive.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The trading price of the shares of our common stock will depend
    on many factors, which may change from time to time and which
    may be beyond our control, including, without limitation, our
    financial condition, performance, creditworthiness and
    prospects, future sales or offerings of our equity or equity
    related securities, and other factors identified above under
    &#147;Special Note Regarding Forward-Looking Statements&#148;
    and below. These broad market fluctuations have adversely
    affected and may continue to adversely affect the market price
    of our common stock. Among the factors that could affect our
    stock price are:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    actual or anticipated quarterly fluctuations in our operating
    results and financial condition;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    changes in financial estimates or publication of research
    reports and recommendations by financial analysts or actions
    taken by rating agencies with respect to our common stock or
    those of other financial institutions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure to meet analysts&#146; revenue or earnings estimates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    speculation in the press or investment community generally or
    relating to our reputation, our market area, our competitors or
    the financial services industry in general;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    strategic actions by us or our competitors, such as
    acquisitions, restructurings, dispositions or financings;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    actions by our current shareholders, including sales of common
    stock by existing shareholders
    <FONT style="white-space: nowrap">and/or</FONT>
    directors and executive officers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    fluctuations in the stock price and operating results of our
    competitors;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    12
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    future sales of our equity, equity-related or debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    changes in the frequency or amount of dividends or share
    repurchases;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    proposed or adopted regulatory changes or developments;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    anticipated or pending investigations, proceedings, or
    litigation that involve or affect us;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    trading activities in our common stock, including short-selling;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    domestic and international economic factors unrelated to our
    performance;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    general market conditions and, in particular, developments
    related to market conditions for the financial services industry.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A significant decline in our stock price could result in
    substantial losses for individual shareholders and could lead to
    costly and disruptive securities litigation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I>We are a holding company and depend on our subsidiaries
    for dividends, distributions and other payments.</I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are a company separate and apart from Citizens Business Bank
    that must provide for our own liquidity. Substantially all of
    our revenues are obtained from dividends declared and paid by
    Citizens Business Bank. There are statutory and regulatory
    provisions that could limit the ability of Citizens Business
    Bank to pay dividends to us. Under applicable California law,
    Citizens Business Bank cannot make any distribution (including a
    cash dividend) to its shareholder, us, in an amount which
    exceeds the lesser of: (1)&#160;the retained earnings of
    Citizens Business Bank and (2)&#160;the net income of Citizens
    Business Bank for its last three fiscal years, less the amount
    of any distributions made by Citizens Business Bank to its
    shareholder during such period. Notwithstanding the foregoing,
    with the prior approval of the California Commissioner of
    Financial Institutions, Citizens Business Bank may make a
    distribution (including a cash dividend) to us in an amount not
    exceeding the greatest of: (1)&#160;its retained earnings;
    (2)&#160;its net income for its last fiscal year; and
    (3)&#160;its net income for its current fiscal year. At
    March&#160;31, 2009, approximately $106.1&#160;million of
    Citizens Business Bank&#146;s equity was unrestricted and
    available to be paid as dividends to us.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, if, in the opinion of the applicable regulatory
    authority, a bank under its jurisdiction is engaged in or is
    about to engage in an unsafe or unsound practice, such authority
    may require, after notice and an opportunity for a hearing, that
    such bank cease and desist from such practice. Depending on the
    financial condition of Citizens Business Bank, the applicable
    regulatory authority might deem us to be engaged in an unsafe or
    unsound practice if Citizens Business Bank were to pay
    dividends. The Federal Reserve has issued policy statements
    generally requiring insured banks and bank holding companies to
    pay dividends only out of current operating earnings. See
    &#147;Dividend Policy.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, if any of our subsidiaries becomes insolvent, the
    direct creditors of that subsidiary will have a prior claim on
    its assets, as discussed further below. Our rights and the
    rights of our creditors will be subject to that prior claim,
    unless we are also a direct creditor of that subsidiary.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    common stock is equity and therefore is subordinate to our and
    our subsidiaries&#146; indebtedness and preferred stock, and our
    ability to declare dividends on our common stock may be
    limited.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shares of the common stock are equity interests in us and do not
    constitute indebtedness. As such, shares of the common stock
    will rank junior to all current and future indebtedness and
    other non-equity claims on us with respect to assets available
    to satisfy claims on us, including in a liquidation of us. We
    may, and Citizens Business Bank and our other subsidiaries may
    also, incur additional indebtedness from time to time and may
    increase our aggregate level of outstanding indebtedness.
    Additionally, holders of our common stock are subject to the
    prior dividend and liquidation rights of any holders of our
    preferred stock then outstanding. Under the terms of the
    Series&#160;B Preferred Stock (which are described in more
    detail in the section entitled &#147;Description of Capital
    Stock&#148;), our ability to declare or pay dividends on or
    repurchase our common stock or other equity or capital
    securities will be subject to restrictions in the event that we
    fail to declare and pay (or set aside for payment) full
    dividends on the Series&#160;B Preferred Stock. In addition,
    prior to December&#160;5, 2011, unless we have redeemed all of
    the Series&#160;B Preferred Stock or the U.S.&#160;Treasury has
    transferred all of the Series&#160;B Preferred Stock to
    third-parties, the consent of the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    13
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    U.S.&#160;Treasury will be required for us to, among other
    things, increase our common stock dividend above $0.085 except
    in limited circumstances. Our board of directors is authorized
    to cause us to issue additional classes or series of preferred
    stock without any action on the part of the shareholders. If we
    issue preferred shares in the future that have a preference over
    our common stock with respect to the payment of dividends or
    upon liquidation, or if we issue preferred shares with voting
    rights that dilute the voting power of the common stock, then
    the rights of holders of our common stock or the market price of
    our common stock could be adversely affected.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of our common stock are only entitled to receive such
    dividends as our board of directors may declare out of funds
    legally available for such payments. Although we have
    historically paid cash dividends on our common stock, we are not
    required to do so and our board of directors could reduce or
    eliminate our common stock dividend in the future. This could
    adversely affect the market price of our common stock. Also, as
    discussed above, we are a bank holding company and our ability
    to declare and pay dividends depends on certain federal
    regulatory considerations including the guidelines of the
    Federal Reserve regarding capital adequacy and dividends.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">An
    entity holding as little as a 5% interest in our outstanding
    common stock could, under certain circumstances, be subject to
    regulation as a &#147;bank holding company.&#148;</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any entity (including a &#147;group&#148; composed of natural
    persons) owning or controlling with the power to vote 25% or
    more of our outstanding common stock, or 5% or more if such
    holder otherwise exercises a &#147;controlling influence&#148;
    over us, may be subject to regulation as a &#147;bank holding
    company&#148; in accordance with the Bank Holding Company Act of
    1956, as amended, or the Bank Holding Company Act. In addition,
    (1)&#160;any bank holding company or foreign bank with a
    U.S.&#160;presence may be required to obtain the approval of the
    Federal Reserve under the Bank Holding Company Act to acquire or
    retain 5% or more of our outstanding common stock and
    (2)&#160;any person not otherwise defined as a company by the
    Bank Holding Company Act and its implementing regulations may be
    required to obtain the approval of the Federal Reserve under the
    Change in Bank Control Act to acquire or retain 10% or more of
    our outstanding common stock. Becoming a bank holding company
    imposes certain statutory and regulatory restrictions and
    obligations, such as providing managerial and financial strength
    for its bank subsidiaries. Regulation as a bank holding company
    could require the holder to divest all or a portion of the
    holder&#146;s investment in our common stock or such nonbanking
    investments that may be deemed impermissible or incompatible
    with bank holding company status, such as a material investment
    in a company unrelated to banking.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    14
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='107'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">USE OF
    PROCEEDS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We expect to receive net proceeds from this offering of
    approximately
    $&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;
    (or approximately
    $&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;
    if the underwriters exercise their over-allotment option in
    full), after deduction of underwriting discounts and commissions
    and estimated expenses payable by us.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We intend to use the proceeds from the sale of our common stock,
    along with other funds, to redeem all of the 130,000&#160;shares
    of Series&#160;B Preferred Stock and to repurchase the ten-year
    warrant to purchase up to 1,669,521&#160;shares of our common
    stock, previously sold to the U.S.&#160;Treasury under its
    Capital Purchase Program. The Series&#160;B Preferred Stock
    would be repurchased at its $1,000 per share liquidation
    preference, plus accrued and unpaid dividends, and the warrant
    would be repurchased at its fair market value, as determined
    pursuant to the Purchase Agreement and described below under
    &#147;Description of Capital Stock&#160;&#151; Treasury
    Warrant&#160;&#151; Repurchase&#148;. The approvals of the
    U.S.&#160;Treasury and our banking regulators are required for
    the repurchase of these securities. We can make no assurances as
    to when, or if, we will receive such approvals. If we do not
    receive the necessary regulatory approvals to repurchase the
    Series&#160;B Preferred Stock and the related warrant, or our
    board of directors subsequently determines not to repurchase the
    Series&#160;B Preferred Stock and the related warrant, we intend
    to use the net proceeds of this offering for general corporate
    purposes and may contribute some or all of the net proceeds to
    Citizens Business Bank, which would use such amount for its
    general corporate purposes.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    15
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='108'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CAPITALIZATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth our cash and cash equivalents,
    our capitalization, our per common share book values, and our
    regulatory capital ratios, each as of March&#160;31, 2009 and to
    give effect to the issuance of the common stock offered hereby,
    assuming the repurchase of all of the Series&#160;B Preferred
    Stock and the related warrant, subject to regulatory approval.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>As of March&#160;31, 2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Actual</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>As Adjusted(1)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>(Dollars in thousands, except per share data)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    101,214
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
    (2)
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total Liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,789,728
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Preferred stock, authorized 20,000,000&#160;shares without par;
    issued and outstanding 130,000
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    121,860
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Common stock, authorized 122,070,312&#160;shares without par;
    issued and outstanding 83,326,511, actual; issued and
    outstanding&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;&#160;shares,
    as adjusted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    365,204
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Retained earnings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    104,291
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accumulated other comprehensive income, net of tax
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35,006
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    626,361
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total Capitalization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,416,089
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Per Common Share
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Common book value per share
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.05
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Tangible common book value per share
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.27
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Regulatory Capital Ratios
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    For the Company:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Leverage Ratio
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Tier&#160;1 Capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total Capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    For the Bank:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Leverage Ratio
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Tier&#160;1 Capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total Capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Assumes
    that&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;&#160;shares
    of our common stock are sold in this offering at
    $&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;&#160;per
    share and that the net proceeds thereof are approximately
    $&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;&#160;million
    after deducting underwriting discounts and commissions and our
    estimated expenses. If the underwriters&#146; over-allotment
    option is exercised in full, common stock will increase to
    $&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;&#160;million.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    If we do not receive regulatory approval to repurchase the
    Series&#160;B Preferred Stock and the related warrant, as
    adjusted cash and cash equivalents as of March&#160;31, 2009
    will increase to
    $&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='109'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RATIO OF
    EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table shows our ratio of earnings to fixed charges
    and preferred dividends on a consolidated basis. The ratio of
    earnings to fixed charges and preferred dividends has been
    computed by dividing net income plus all applicable income taxes
    plus fixed charges, by fixed charges and preferred dividend
    requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of determining the ratio of earnings to fixed
    charges and preferred dividends, earnings are defined as the sum
    of pre-tax income from continuing operations and fixed charges.
    Fixed charges means the sum of interest expense, capitalized
    expenses related to indebtedness and an estimate of the interest
    within rental expense. We have separately presented our ratio of
    earnings to fixed charges and preferred dividends excluding
    interest on deposits and including interest on deposits.
    Preferred dividends means the amount of pre-tax earnings that is
    required to pay dividends on outstanding preference securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="57%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Quarter Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>March&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>For The Years Ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2004</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ratio of earnings to fixed charges and preferred dividends
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Excluding interest on deposits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.80
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.74
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.26
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Including interest on deposits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.60
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.46
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.69
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.86
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<A name='110'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PRICE
    RANGE OF COMMON STOCK</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our common stock is listed and traded on the NASDAQ Global
    Select Market under the symbol &#147;CVBF.&#148; The following
    table sets forth, for the quarters shown, the range of high and
    low sales prices of our common stock on the NASDAQ Global Select
    Market and the cash dividends declared on the common stock. As
    of March&#160;31, 2009, we had approximately
    83,326,511&#160;shares of common stock outstanding, held of
    record by approximately 1,920&#160;shareholders. The last
    reported sales price of our common stock on the NASDAQ Global
    Select Market on June&#160;2, 2009, was $6.28 per share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="64%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Quarter Ended</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Dividends per Share</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2009</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    June 30 (through June&#160;2, 2009)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.77
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5.75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    March 31
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12.11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5.31
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2008</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    December 31
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    14.75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    September 30
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    20.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    June 30
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12.62
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9.18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    March 31
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    11.45
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2007</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    December 31
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12.09
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9.96
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    September 30
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    13.00
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9.46
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    June 30
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12.64
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    10.69
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    March 31
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    13.76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    11.36
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.085
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    17
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='111'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DIVIDEND
    POLICY</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The amount of future dividends will depend upon our earnings,
    financial condition, capital requirements and other factors, and
    will be determined by our board of directors on a quarterly
    basis. It is Federal Reserve policy that bank holding companies
    should generally pay dividends on common stock only out of
    income available over the past year, and only if prospective
    earnings retention is consistent with the organization&#146;s
    expected future needs and financial condition. It is also
    Federal Reserve policy that bank holding companies should not
    maintain dividend levels that undermine the company&#146;s
    ability to be a source of strength to its banking subsidiaries.
    Additionally, in consideration of the current financial and
    economic environment, the Federal Reserve has indicated that
    bank holding companies should carefully review their dividend
    policy and has discouraged payment ratios that are at maximum
    allowable levels unless both asset quality and capital are very
    strong. Furthermore, under the federal Prompt Corrective Action
    regulations, the Federal Reserve or the FDIC may prohibit a bank
    holding company from paying any dividends if the holding
    company&#146;s bank subsidiary is classified as
    &#147;undercapitalized.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dividends from Citizens Business Bank constitute the principal
    source of income to CVB Financial Corp. Citizens Business Bank
    is subject to various statutory and regulatory restrictions on
    its ability to pay dividends to us, which determines our ability
    to pay dividends to our shareholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the terms of the Capital Purchase Program, for so long as
    any preferred stock issued under the Capital Purchase Program
    remains outstanding, we are prohibited from increasing dividends
    on our common stock in excess of $0.085 per share, and from
    making certain repurchases of equity securities, including our
    common stock, without the U.S.&#160;Treasury&#146;s consent
    until the third anniversary of the U.S.&#160;Treasury&#146;s
    investment or until the U.S.&#160;Treasury has transferred all
    of the preferred stock it purchased under the Capital Purchase
    Program to third parties. As long as the preferred stock issued
    to the U.S.&#160;Treasury is outstanding, dividend payments and
    repurchases or redemptions relating to certain equity
    securities, including our common stock, are also prohibited
    until all accrued and unpaid dividends are paid on such
    preferred stock, subject to certain limited exceptions.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    18
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='112'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF CAPITAL STOCK</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a brief description of the terms of our capital
    stock. This summary does not purport to be complete in all
    respects. This description is subject to and qualified in its
    entirety by reference to the General Corporation Law of the
    State of California, federal law, our articles of incorporation,
    as amended, and our bylaws, copies of which have been filed with
    the SEC and are also available upon request from us.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Common
    Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">General</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our articles of incorporation, as amended, provide the authority
    to issue 122,070,312&#160;shares of common stock, no par value
    per share. At March&#160;31, 2009, there were
    83,326,511&#160;shares of common stock issued and outstanding,
    held of record by approximately 1,920&#160;shareholders. In
    addition, at March&#160;31, 2009, 3,495,391&#160;shares of our
    common stock were issuable under our stock compensation plans.
    Our common stock is listed on the NASDAQ Global Select Market
    under the symbol &#147;CVBF.&#148; Outstanding shares of our
    common stock are validly issued, fully paid and non-assessable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each share of our common stock has the same relative rights and
    is identical in all respects to each other share of our common
    stock. The common stock has no preemptive, conversion or
    redemption rights or sinking fund provisions.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Voting
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On any matter submitted to a vote of the shareholders, holders
    of common stock are entitled to one vote, in person or by proxy,
    for each share of common stock held of record in the
    shareholder&#146;s name on our books as of the record date. In
    connection with the election of directors, the shares may be
    voted cumulatively. Cumulative voting allows each shareholder to
    give one nominee as many votes as is equal to the number of
    directors to be elected, multiplied by the number of shares
    owned, or to distribute the shareholder&#146;s votes in the same
    fashion between two or more nominees.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Liquidation
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of our common stock and the holders of any class or
    series of stock entitled to participate with the holders of our
    common stock as to the distribution of assets in the event of
    any liquidation, dissolution or winding up of us, whether
    voluntary or involuntary, will become entitled to participate
    equally in the distribution of any of our assets remaining after
    we have paid, or provided for the payment of, all of our debts
    and liabilities and after we have paid, or set aside for
    payment, to the holders of any class of stock having preference
    over the common stock in the event of liquidation, dissolution
    or winding up, the full preferential amounts, if any, to which
    they are entitled.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Dividends</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of our common stock are entitled to receive dividends
    if, as and when declared by our board of directors out of any
    funds legally available for dividends. We pay dividends on our
    common stock only if we have paid or provided for all dividends
    on our outstanding series of preferred stock, for the then
    current period and, in the case of any cumulative preferred
    stock, all prior periods. As a holding company, our ability to
    pay distributions is affected by the ability of our bank
    subsidiary to pay dividends. The ability of our bank subsidiary,
    and our ability, to pay dividends in the future is, and could in
    the future be further, influenced by bank regulatory
    requirements and capital guidelines.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Shareholder
    Rights Plan</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Attached to each share of our common stock is a Series&#160;A
    Participating Preferred Stock purchase right, pursuant to a
    Preferred Shares Rights Agreement, adopted by our board of
    directors on June&#160;21, 2000, or a shareholder rights plan,
    as discussed further below.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    19
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Transfer
    Agent and Registrar</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The transfer agent and registrar for our common stock is
    Computershare.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Preferred
    Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are authorized to issue 20,000,000&#160;shares of preferred
    stock, no par value per share, 1,000,000&#160;shares of which
    have been designated as Series&#160;A Participating Preferred
    Stock, or Series&#160;A Preferred Stock, of which none have been
    issued and none of which are outstanding as of the date of this
    prospectus, and 130,000&#160;shares designated as Fixed Rate
    Cumulative Perpetual Preferred Stock, Series&#160;B all of which
    are issued and outstanding as of the date of this prospectus,
    with a $1,000 liquidation preference per share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our articles of incorporation, as amended, subject to
    limitations prescribed in such articles and subject to
    limitations prescribed by California law, authorize the board of
    directors, from time to time by resolution and without further
    shareholder action, to provide for the issuance of shares of
    preferred stock, in one or more series, and to fix the
    designation, powers, preferences and other rights of the shares
    and to fix the qualifications, limitations and restrictions
    thereof. As a result of its discretion with respect to the
    creation and issuance of preferred stock without shareholder
    approval, the board of directors could adversely affect the
    voting power of the holders of common stock and, by issuing
    shares of preferred stock with certain voting, conversion
    <FONT style="white-space: nowrap">and/or</FONT>
    redemption rights, could discourage any attempt to obtain
    control of us.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Series&#160;A
    Preferred Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Series&#160;A Preferred Stock was authorized by our board of
    directors in connection with the adoption of our shareholder
    rights plan in June 2000, discussed further below. No shares of
    our Series&#160;A Preferred Stock have ever been issued. Our
    Series&#160;A Preferred Stock, if ever issued, would rank junior
    to our Series&#160;B Preferred Stock, as discussed below.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Voting
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If and when issued, each share of Series&#160;A Preferred Stock
    would entitle the holder to 1,000 votes on all matters submitted
    to a vote of our shareholders. Except as otherwise provided in
    the Series&#160;A Preferred Stock Certificate of Determination,
    or by law, if and when issued, the holders of shares of
    Series&#160;A Preferred Stock and the holders of shares of
    common stock would vote together as one class on all matters
    submitted to a vote of our shareholders. Except as required by
    law, holders of Series&#160;A Preferred Stock would have no
    special voting rights and their consent would not be required
    (except to the extent they are entitled to vote with holders of
    common stock) for taking any corporate action.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Liquidation
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon any liquidation, dissolution or winding up of us, no
    distribution may be made (1)&#160;to the holders of shares of
    stock ranking junior (either as to dividends or upon
    liquidation, dissolution or winding up) to the Series&#160;A
    Preferred Stock, unless, prior to such distribution, the holders
    of shares of Series&#160;A Preferred Stock shall have received
    an amount per share equal to $1,000, plus an amount equal to
    accrued and unpaid dividends and distributions thereon, whether
    or not declared, to the date of such payment, provided that the
    holders of shares of Series&#160;A Preferred Stock are entitled
    to receive an aggregate amount per share, subject to certain
    provisions for adjustment, equal to the aggregate amount to be
    distributed per share to holder of shares of common stock, or
    (2)&#160;to the holders of shares of stock ranking on a parity
    (either as to dividends or upon liquidation, dissolution or
    winding up) with the Series&#160;A Preferred Stock, except
    distributions made ratably on the Series&#160;A Preferred Stock
    and all such parity stock in proportion to the total amount to
    which the holders of all such shares are entitled upon such
    liquidation, dissolution or winding up. In the event we, at any
    time, declare or pay any dividend on the common stock payable in
    shares of common stock, or effect a subdivision or combination
    or consolidation of the outstanding shares of common stock (by
    reclassification or otherwise than by payment of a dividend in
    shares of common stock) into a greater or lesser number of
    shares of common stock, then the aggregate amount to which
    holders of shares of Series&#160;A Preferred Stock were entitled
    immediately prior to such event under the proviso in
    clause&#160;(1) of the preceding sentence shall be adjusted.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    20
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Dividends</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to the prior and superior right of the holders of any
    shares of any series of preferred stock (or any similar stock)
    ranking prior and superior to the shares of Series&#160;A
    Preferred Stock with respect to dividends, the holders of shares
    of Series&#160;A Preferred Stock, if and when issued, in
    preference to the holders of our common stock, and of any other
    junior stock, are entitled to receive when, as and if declared
    by the board of directors out of funds legally available for the
    purpose, quarterly dividends payable in cash on the last day of
    March, June, September and December in each year (each such date
    being referred to as a &#147;quarterly dividend payment
    date&#148;), in an amount per share equal to the greater of
    (a)&#160;$1.00 or (b)&#160;subject to the provision for
    adjustment set forth in the Series&#160;A Preferred Stock
    Certificate of Determination, 1,000 times the aggregate per
    share amount of all cash dividends, and 1,000 times the
    aggregate per share amount (payable in kind) of all non-cash
    dividends or other distributions other than a dividend payable
    in shares of common stock or a subdivision of the outstanding
    shares of common stock (by reclassification or otherwise),
    declared on the common stock since the immediately preceding
    quarterly dividend payment date, or, with respect to the first
    quarterly dividend payment date, since the first issuance of any
    share or fraction of a share of Series&#160;A Preferred Stock.
    In the event we at any time declare or pay any dividend on the
    common stock payable in shares of common stock, or effect a
    subdivision or combination or consolidation of the outstanding
    shares of common stock into a greater or lesser number of shares
    of common stock, then the amount to which holders of shares of
    Series&#160;A Preferred Stock were entitled immediately prior to
    such event is adjusted accordingly. Whenever quarterly dividends
    or other dividends or distributions payable on the Series&#160;A
    Preferred Stock are in arrears, dividend payments on common
    stock or other classes of shares ranking junior to the
    Series&#160;A Preferred Stock are restricted until all accrued
    and unpaid dividends and distributions, whether or not declared,
    on shares of Series&#160;A Preferred Stock outstanding are paid
    in full.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Redemption</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may, at our option and with the approval of the board of
    directors, at any time prior to the earlier of (1)&#160;the
    close of business on the 10th&#160;day after the first date of a
    public announcement by us or an acquiring person (a person who
    has become or has obtained the right to become the beneficial
    owner of 20% or more of our common stock) that an acquiring
    person has become such or the 10th&#160;business day after the
    date a tender or exchange offer is first published or sent, and
    (2)&#160;the close of business on June&#160;21, 2010, redeem all
    but not less than all the then-outstanding rights at a
    redemption price of $0.01 per right, appropriately adjusted to
    reflect any stock split, stock dividend or similar transaction
    occurring since the date of the shareholder rights plan (such
    redemption price being herein referred to as the
    &#147;redemption price&#148;). Immediately upon the action of
    the board of directors ordering the redemption of the rights,
    and without any further action and without any notice, the right
    to exercise the rights terminates and the only right thereafter
    of the holders of rights would be to receive the redemption
    price.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Series&#160;B
    Preferred Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On December&#160;5, 2008, pursuant to the Capital Purchase
    Program, we issued to the U.S.&#160;Treasury 130,000&#160;shares
    of Fixed Rate Cumulative Perpetual Preferred Stock,
    Series&#160;B, having a liquidation amount per share equal to
    $1,000, for a total price of $130,000,000. The holders of the
    Series&#160;B Preferred Stock have preferential dividend and
    liquidation rights over holders of our common stock. The
    Series&#160;B Preferred Stock pays cumulative dividends at a
    rate of 5% per year for the first five years and thereafter at a
    rate of 9% per year. The Series&#160;B Preferred Stock is
    non-voting, except in limited circumstances. Prior to
    December&#160;5, 2011, unless we have redeemed all of the
    Series&#160;B Preferred Stock or the U.S.&#160;Treasury has
    transferred all of the Series&#160;B Preferred Stock to third
    parties, the consent of the U.S.&#160;Treasury will be required
    for us to, among other things, repurchase or otherwise acquire
    any of our shares of common stock or trust preferred securities,
    subject to certain limited exceptions. In addition, so long as
    any shares of our Series&#160;B Preferred Stock are outstanding,
    we may not repurchase or otherwise acquire any of our
    outstanding common stock unless we are current in our dividend
    payments on our outstanding Series&#160;B Preferred Stock. We
    may not redeem the Series&#160;B Preferred Stock without
    requisite regulatory approval.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    21
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Voting
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as indicated below or otherwise required by law, the
    holders of Series&#160;B Preferred Stock will not have any
    voting rights.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Election of Two Directors upon Non-Payment of
    Dividends.</I>&#160;&#160;If the dividends on the Series&#160;B
    Preferred Stock have not been paid for an aggregate of six
    quarterly dividend periods or more (whether or not consecutive),
    the holders of Series&#160;B Preferred Stock, together with the
    holders of any outstanding parity stock with like voting rights,
    referred to as voting parity stock, voting as a single class,
    will be entitled to elect two members of our board of directors,
    referred to as the preferred stock directors, at the next annual
    meeting (or at a special meeting called for the purpose of
    electing the preferred stock directors prior to the next annual
    meeting) and at each subsequent annual meeting until all accrued
    and unpaid dividends for all past dividend periods have been
    paid in full. Our bylaws provide that in the event such voting
    right is triggered, the authorized number of directors on our
    board of directors shall be increased by two members. The
    election of any preferred stock director is subject to the
    qualification that the election would not cause us to violate
    the corporate governance requirement of the NASDAQ Global Select
    Market (or any other exchange on which our securities may be
    listed) that listed companies must have a majority of
    independent directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the termination of the right of the holders of
    Series&#160;B Preferred Stock and voting parity stock to vote
    for preferred stock directors, as described above, the preferred
    stock directors will immediately cease to be qualified as
    directors, their term of office shall terminate immediately and
    the number of our authorized directors will be reduced by the
    number of preferred stock directors that the holders of
    Series&#160;B Preferred Stock and voting parity stock had been
    entitled to elect. The holders of a majority of shares of
    Series&#160;B Preferred Stock and voting parity stock, voting as
    a class, may remove any preferred stock director, with or
    without cause, and the holders of a majority of the shares
    Series&#160;B Preferred Stock and voting parity stock, voting as
    a class, may fill any vacancy created by the removal of a
    preferred stock director. If the office of a preferred stock
    director becomes vacant for any other reason, the remaining
    preferred stock director may choose a successor to fill such
    vacancy for the remainder of the unexpired term.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Other Voting Rights.</I>&#160;&#160;So long as any shares of
    Series&#160;B Preferred Stock are outstanding, in addition to
    any other vote or written consent of shareholders required by
    law or by our articles of incorporation, the vote or written
    consent of the holders of at least
    66<FONT style="vertical-align: text-top; font-size: 70%;">2</FONT>/<FONT style="font-size: 70%;">3</FONT>%
    of the shares of Series&#160;B Preferred Stock at the time
    outstanding, voting separately as a single class, given in
    person or by proxy, either in writing without a meeting or by
    vote at any meeting called for the purpose, shall be necessary
    for effecting or validating:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any amendment or alteration of the certificate of determination
    for the Series&#160;B Preferred Stock or our articles of
    incorporation to authorize or create or increase the authorized
    amount of, or any issuance of, any shares of, or any securities
    convertible into or exchangeable or exercisable for shares of,
    any class or series of capital stock ranking senior to the
    Series&#160;B Preferred Stock with respect to payment of
    dividends
    <FONT style="white-space: nowrap">and/or</FONT>
    distribution of assets on our liquidation, dissolution or
    winding up;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any amendment, alteration or repeal of any provision of the
    certificate of determination for the Series&#160;B Preferred
    Stock so as to adversely affect the rights, preferences,
    privileges or voting powers of the Series&#160;B Preferred
    Stock;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any consummation of a binding share exchange or reclassification
    involving the Series&#160;B Preferred Stock or of a merger or
    consolidation by us with another entity, unless the shares of
    Series&#160;B Preferred Stock remain outstanding following any
    such transaction or, if we are not the surviving entity, such
    shares are converted into or exchanged for preference securities
    and such remaining outstanding shares of Series&#160;B Preferred
    Stock or preference securities have rights, preferences,
    privileges and voting powers that are not materially less
    favorable than the rights, preferences, privileges or voting
    powers of the Series&#160;B Preferred Stock, taken as a whole.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent of the voting rights of the Series&#160;B
    Preferred Stock, each holder of Series&#160;B Preferred Stock
    will be entitled to one vote for each share of Series&#160;B
    Preferred Stock held.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    22
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing voting provisions will not apply if, at or prior
    to the time when the vote or consent would otherwise be
    required, all outstanding shares of Series&#160;B Preferred
    Stock have been redeemed or called for redemption upon proper
    notice and sufficient funds have been set aside by us for the
    benefit of the holders of Series&#160;B Preferred Stock to
    effect the redemption.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Liquidation
    Rights</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that we voluntarily or involuntarily liquidate,
    dissolve or wind up our affairs, holders of Series&#160;B
    Preferred Stock will be entitled to receive an amount per share,
    referred to as the total liquidation amount, equal to the fixed
    liquidation preference of $1,000 per share, plus any accrued and
    unpaid dividends, whether or not declared, to the date of
    payment. Holders of the Series&#160;B Preferred Stock will be
    entitled to receive the total liquidation amount out of our
    assets that are available for distribution to shareholders,
    after payment or provision for payment of our debts and other
    liabilities but before any distribution of assets is made to
    holders of our common stock or any other shares ranking, as to
    that distribution, junior to the Series&#160;B Preferred Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If our assets are not sufficient to pay the total liquidation
    amount in full to all holders of Series&#160;B Preferred Stock
    and all holders of any shares of outstanding parity stock, the
    amounts paid to the holders of Series&#160;B Preferred Stock and
    other shares of parity stock will be paid pro rata in accordance
    with the respective total liquidation amount for those holders.
    If the total liquidation amount per share of Series&#160;B
    Preferred Stock has been paid in full to all holders of
    Series&#160;B Preferred Stock and other shares of parity stock,
    the holders of our common stock or any other shares ranking, as
    to such distribution, junior to the Series&#160;B Preferred
    Stock will be entitled to receive all of our remaining assets
    according to their respective rights and preferences.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of the liquidation rights, neither the sale,
    conveyance, exchange or transfer of all or substantially all of
    our property and assets, nor the consolidation or merger by us
    with or into any other corporation or by another corporation
    with or into us, will constitute a liquidation, dissolution or
    winding up of our affairs.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Dividends
    Payable On Shares of Series&#160;B Preferred Stock</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of shares of Series&#160;B Preferred Stock are entitled
    to receive if, as and when declared by our board of directors or
    a duly authorized committee of the board, out of assets legally
    available for payment, cumulative cash dividends at a rate per
    annum of 5% per share on a liquidation preference of $1,000 per
    share of Series&#160;B Preferred Stock with respect to each
    dividend period during the five year period following
    December&#160;5, 2008 and are entitled to receive cumulative
    cash dividends at a rate per annum of 9% per share on a
    liquidation preference of $1,000 per share of Series&#160;B
    Preferred Stock with respect to each dividend period thereafter.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dividends are payable quarterly in arrears on each
    February&#160;15, May&#160;15, August 15 and November&#160;15,
    each a dividend payment date, with payments having commenced on
    February&#160;15, 2009. If any dividend payment date is not a
    business day, then the next business day will be the applicable
    dividend payment date, and no additional dividends will accrue
    as a result of the applicable postponement of the dividend
    payment date. Dividends payable during any dividend period are
    computed on the basis of a
    <FONT style="white-space: nowrap">360-day</FONT> year
    consisting of twelve
    <FONT style="white-space: nowrap">30-day</FONT>
    months. Dividends payable with respect to the Series&#160;B
    Preferred Stock are payable to holders of record of shares of
    Series&#160;B Preferred Stock on the date that is 15 calendar
    days immediately preceding the applicable dividend payment date
    or such other record date as the board of directors or any duly
    authorized committee of the board determines, so long as such
    record date is not more than 60 nor less than 10&#160;days prior
    to the applicable dividend payment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If we determine not to pay any dividend or a full dividend with
    respect to the Series&#160;B Preferred Stock, we are required to
    provide written notice to the holders of shares of Series&#160;B
    Preferred Stock prior to the applicable dividend payment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are subject to various regulatory policies and requirements
    relating to the payment of dividends, including requirements to
    maintain adequate capital above regulatory minimums. The Federal
    Reserve, is authorized to determine, under certain circumstances
    relating to the financial condition of a bank holding company,
    such as us, that the payment of dividends would be an unsafe or
    unsound practice and to prohibit payment thereof. In addition,
    we are subject to California state laws relating to the payment
    of dividends.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    23
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Priority
    of Dividends</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With respect to the payment of dividends and the amounts to be
    paid upon liquidation, the Series&#160;B Preferred Stock will
    rank:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Senior to our common stock and all other equity securities
    designated as ranking junior to the Series&#160;B Preferred
    Stock (including our Series&#160;A Preferred Stock);&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    at least equally with all other equity securities designated as
    ranking on a parity with the Series&#160;B Preferred Stock, or
    parity stock, with respect to the payment of dividends and
    distribution of assets upon our liquidation, dissolution or
    winding up.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    So long as any shares of Series&#160;B Preferred Stock remain
    outstanding, unless all accrued and unpaid dividends for all
    prior dividend periods have been paid or are contemporaneously
    declared and paid in full, no dividend shall be paid or declared
    on our common stock or other junior stock, other than a dividend
    payable solely in common stock. We and our subsidiaries also may
    not purchase, redeem or otherwise acquire for consideration any
    shares of our common stock or other junior stock unless we have
    paid in full all accrued dividends on the Series&#160;B
    Preferred Stock for all prior dividend periods, other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    purchases, redemptions or other acquisitions of our common stock
    or other junior stock in connection with the administration of
    our employee benefit plans in the ordinary course of business
    pursuant to a publicly announced repurchase plan up to the
    increase in diluted shares outstanding resulting from the grant,
    vesting or exercise of equity-based compensation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any dividends or distributions of rights or junior stock in
    connection with any shareholder rights plan or repurchases of
    rights pursuant to any shareholder rights plan;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    acquisition of record ownership of junior stock or parity stock
    for the beneficial ownership of any other person who is not us
    or our subsidiary, including as trustee or custodian;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the exchange or conversion of junior stock for or into other
    junior stock or of parity stock for or into other parity stock
    or junior stock but only to the extent that such acquisition is
    required pursuant to binding contractual agreements entered into
    before December&#160;5, 2008 or any subsequent agreement for the
    accelerated exercise, settlement or exchange thereof for common
    stock.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On any dividend payment date for which full dividends are not
    paid, or declared and funds set aside, on the Series&#160;B
    Preferred Stock and any other parity stock, all dividends paid
    or declared for payment on that dividend payment date (or, with
    respect to parity stock with a different dividend payment date,
    on the applicable dividend date falling within the dividend
    period and related to the dividend payment date for the
    Series&#160;B Preferred Stock), with respect to the
    Series&#160;B Preferred Stock and any other parity stock shall
    be declared ratably among the holders of any such shares who
    have the right to receive dividends, in proportion to the
    respective amounts of the undeclared and unpaid dividends
    relating to the dividend period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to the foregoing, such dividends (payable in cash, stock
    or otherwise) as may be determined by our board of directors (or
    a duly authorized committee of the board) may be declared and
    paid on our common stock and any other stock ranking equally
    with or junior to the Series&#160;B Preferred Stock from time to
    time out of any funds legally available for such payment, and
    the Series&#160;B Preferred Stock shall not be entitled to
    participate in any such dividend.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Redemption</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Certificate of Determination of Series&#160;B Preferred
    Stock provides that such stock may not be redeemed prior to
    February&#160;15, 2012, unless we have received aggregate gross
    proceeds from one or more qualified equity offerings (as
    described below) equal to $32,500,000, which equals 25% of the
    aggregate liquidation amount of the Series&#160;B Preferred
    Stock on the date of issuance. In such a case, we may redeem the
    Series&#160;B Preferred Stock, subject to the approval of
    Federal Reserve, in whole or in part, upon notice as described
    below, up to a maximum amount equal to the aggregate net cash
    proceeds received by us from such qualified equity offerings. A
    &#147;qualified equity offering&#148; is a sale and issuance for
    cash by us, to persons other than us or our subsidiaries after
    December&#160;5,
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    24
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2008, of shares of perpetual preferred stock, common stock or a
    combination thereof, that in each case qualify as our
    Tier&#160;1 capital at the time of issuance under the applicable
    risk-based capital guidelines of the Federal Reserve. Qualified
    equity offerings do not include issuances made in connection
    with acquisitions, issuances of trust preferred securities and
    issuances of common stock
    <FONT style="white-space: nowrap">and/or</FONT>
    perpetual preferred stock made pursuant to agreements or
    arrangements entered into, or pursuant to financing plans that
    were publicly announced, on or prior to October&#160;13, 2008.
    The Certificate of Determination of Series&#160;B Preferred
    Stock provides that, after February&#160;15, 2012, the
    Series&#160;B Preferred Stock may be redeemed at any time,
    subject to the approval of the Federal Reserve, in whole or in
    part, subject to notice as described below. In connection with
    the adoption of the American Recovery and Reinvestment Act,
    subject to the approval of the U.S.&#160;Treasury and the
    Federal Reserve Board, we may repurchase the Series&#160;B
    Preferred Stock at any time regardless of whether or not we have
    replaced such funds from any other source.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In any redemption or repurchase, the redemption or repurchase
    price is an amount equal to the per share liquidation amount
    plus accrued and unpaid dividends to but excluding the date of
    redemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Series&#160;B Preferred Stock will not be subject to any
    mandatory redemption, sinking fund or similar provisions.
    Holders of shares of Series&#160;B Preferred Stock have no right
    to require the redemption or repurchase of the Series&#160;B
    Preferred Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If fewer than all of the outstanding shares of Series&#160;B
    Preferred Stock are to be redeemed, the shares to be redeemed
    will be selected either pro rata from the holders of record of
    shares of Series&#160;B Preferred Stock in proportion to the
    number of shares held by those holders or in such other manner
    as our board of directors or a committee thereof may determine
    to be fair and equitable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We will mail notice of any redemption of Series&#160;B Preferred
    Stock by first class mail, postage prepaid, addressed to the
    holders of record of the shares of Series&#160;B Preferred Stock
    to be redeemed at their respective last addresses appearing on
    our books. This mailing will be at least 30&#160;days and not
    more than 60&#160;days before the date fixed for redemption. Any
    notice mailed or otherwise given as described in this paragraph
    will be conclusively presumed to have been duly given, whether
    or not the holder receives the notice, and failure duly to give
    the notice by mail or otherwise, or any defect in the notice or
    in the mailing or provision of the notice, to any holder of
    Series&#160;B Preferred Stock designated for redemption will not
    affect the redemption of any other Series&#160;B Preferred
    Stock. Each notice of redemption will set forth the applicable
    redemption date, the redemption price, the place where shares of
    Series&#160;B Preferred Stock are to be redeemed, and the number
    of shares of Series&#160;B Preferred Stock to be redeemed (and,
    if less than all shares of Series&#160;B Preferred Stock held by
    the applicable holder, the number of shares to be redeemed from
    the holder).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shares of Series&#160;B Preferred Stock that are redeemed,
    repurchased or otherwise acquired by us will revert to
    authorized but unissued shares of our preferred stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Treasury
    Warrant</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the U.S.&#160;Treasury&#146;s purchase of our
    Series&#160;B Preferred Stock, we issued to the
    U.S.&#160;Treasury, or the &#147;warrantholder,&#148; a warrant
    exercisable for 1,669,521&#160;shares of our common stock
    (subject to adjustment as described below) at an initial
    exercise price of $11.68 per share (the &#147;Warrant&#148;).
    The Warrant may be exercised at any time on or before
    December&#160;5, 2018 by surrender of the Warrant and a
    completed notice of exercise attached as an annex to the Warrant
    and the payment of the exercise price for the shares of common
    stock for which the Warrant is being exercised. The exercise
    price may be paid either by our withholding of such number of
    shares of common stock issuable upon exercise of the Warrant
    equal to the value of the aggregate exercise price of the
    Warrant determined by reference to the market price of our
    common stock on the trading day on which the Warrant is
    exercised or, if agreed to by us and the warrantholder, by the
    payment of cash equal to the aggregate exercise price.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If we complete one or more qualified equity offerings on or
    prior to December&#160;31, 2009 that result in our receipt of
    aggregate gross proceeds of not less than $130,000,000, which is
    equal to 100% of the aggregate liquidation preference of the
    Series&#160;B Preferred Stock, the number of shares of common
    stock underlying the Warrant then held by the warrantholder will
    be reduced by one-half of the original number of shares.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    25
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Rights
    as a Shareholder</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The warrantholder shall have no rights or privileges of the
    holders of our common stock, including any voting rights, until
    (and then only to the extent) the Warrant has been exercised.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Transferability</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The warrantholder may not transfer a portion of the Warrant with
    respect to more than 50% of shares of common stock until the
    earlier of the date on which we have received aggregate gross
    proceeds from a qualified equity offering of at least
    $130,000,000 and December&#160;31, 2009. The Warrant, and all
    rights under the Warrant, are otherwise transferable.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Adjustments
    to the Warrant</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Adjustments in Connection with Stock Splits, Subdivisions,
    Reclassifications and Combinations.</I>&#160;&#160;The number of
    shares for which the Warrant may be exercised and the exercise
    price applicable to the Warrant will be proportionately adjusted
    in the event we pay stock dividends or make distributions of our
    common stock, subdivide, combine or reclassify outstanding
    shares of our common stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Anti-dilution Adjustment.</I>&#160;&#160;Until the earlier of
    December&#160;5, 2011 and the date the initial warrantholder no
    longer holds the Warrant (and other than in certain permitted
    transactions described below), if we issue any shares of common
    stock (or securities convertible or exercisable into common
    stock) for less than 90% of the market price of the common stock
    on the last trading day prior to pricing such shares, then the
    number of shares of common stock into which the Warrant is
    exercisable and the exercise price will be adjusted. Permitted
    transactions include issuances:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    as consideration for or to fund the acquisition of businesses
    <FONT style="white-space: nowrap">and/or</FONT>
    related assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in connection with employee benefit plans and compensation
    related arrangements in the ordinary course and consistent with
    past practice approved by our board of directors;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in connection with public or broadly marketed offerings and
    sales of common stock or convertible securities for cash
    conducted by us or our affiliates pursuant to registration under
    the Securities Act, or Rule&#160;144A thereunder on a basis
    consistent with capital-raising transactions by comparable
    financial institutions (but do not include other private
    transactions);&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in connection with the exercise of preemptive rights on terms
    existing as of December&#160;5, 2008.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Other Distributions.</I>&#160;&#160;If we declare any
    dividends or distributions other than our historical, ordinary
    cash dividends, the exercise price of the Warrant will be
    adjusted to reflect such distribution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Certain Repurchases.</I>&#160;&#160;If we effect a pro rata
    repurchase of common stock both the number of shares issuable
    upon exercise of the Warrant and the exercise price will be
    adjusted.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Business Combinations.</I>&#160;&#160;In the event of a
    merger, consolidation or similar transaction by us that requires
    shareholder approval, the warrantholder&#146;s right to receive
    shares of our common stock upon exercise of the Warrant shall be
    converted into the right to exercise the Warrant for the
    consideration that would have been payable to the warrantholder
    with respect to the shares of common stock for which the Warrant
    may be exercised, as if the Warrant had been exercised prior to
    such merger, consolidation or similar transaction.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Repurchase</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Following the redemption in whole of the Series&#160;B Preferred
    Stock held by the warrantholder or the transfer by the
    warrantholder of all of its Series&#160;B Preferred Stock to one
    or more unaffiliated third parties, we may, upon notice to the
    warrantholder, repurchase any portion of the Warrant at any time
    at Fair Market Value.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Fair Market Value&#148; is first determined by our board
    of directors, acting in good faith in reliance on an opinion of
    a nationally recognized independent investment banking firm. If
    the warrantholder disagrees with our board of directors&#146;
    determination, it may object within ten days. Following such an
    objection, an authorized representative of
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    26
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the warrantholder and our chief executive officer will promptly
    meet to agree upon the Fair Market Value. If, after ten days
    following the objection of the warrantholder, such parties are
    unable to agree on the Fair Market Value, the Appraisal
    Procedure may be invoked by either party within thirty days of
    the warrantholder&#146;s objection.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;Appraisal Procedure&#148; means a procedure whereby two
    independent appraisers, one chosen by the warrantholder and one
    chosen by us, mutually agree on the Fair Market Value. If the
    two independent appraisers are unable to agree, a third
    independent appraiser will be chosen by mutual consent of the
    first two appraisers. In certain cases where the determination
    of one appraiser differs widely from those of the other two
    appraisers, the disparate appraisal may be excluded. Whether or
    not an appraisal is so excluded, the Fair Market Value is the
    average of the included appraisals.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Anti-Takeover Effects of Certain Provisions of Our Charter
    Documents, Shareholder Rights Plan, and Law</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a summary of certain provisions of law, our
    articles of incorporation and bylaws, and our shareholder rights
    plan, that may have the effect of discouraging, delaying or
    preventing a change of control, change in management or an
    unsolicited acquisition proposal that a shareholder might
    consider favorable, including proposals that might result in the
    payment of a premium over the market price for the shares held
    by our shareholders. This summary does not purport to be
    complete and is qualified in its entirety by reference to the
    laws and documents referenced.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With respect to our charter documents and our shareholder rights
    plan, while such provisions might be deemed to have some
    &#147;anti-takeover&#148; effect, the principal effect of these
    provisions is to protect our shareholders generally and to
    provide our board of directors and shareholders a reasonable
    opportunity to evaluate and respond to such unsolicited
    acquisition proposals.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Charter
    Documents</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our authorized shares of common stock or preferred stock may be
    used by the board of directors consistent with its fiduciary
    duty to deter future attempts to gain control of us. The board
    of directors also has sole authority to determine the terms of
    any one or more series of preferred stock, including voting
    rights, conversion rates and liquidation preferences. As a
    result of the ability to fix voting rights for a series of
    preferred stock, the board of directors has the power, to the
    extent consistent with its fiduciary duty, to issue a series of
    preferred stock to persons friendly to management in order to
    attempt to block a post-tender offer merger or other transaction
    by which a third party seeks control, and thereby assist
    management to retain its position. Our bylaws impose certain
    notice and information requirements in connection with the
    nomination by shareholders of candidates for election to the
    board of directors or the proposal by shareholders of business
    to be acted upon at any annual or special meeting of
    shareholders.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Shareholder
    Rights Plan</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our shareholder rights plan, adopted by our board of directors
    on June&#160;21, 2000, is designed to maximize long-term value
    and to protect our shareholders from improper takeover tactics
    and takeover bids which are not fair to all shareholders. In
    accordance with the shareholder rights plan, preferred share
    purchase rights were distributed as a dividend at the rate of
    one right to purchase one one-thousandth of a share of our
    Series&#160;A Preferred Stock at an initial exercise price of
    $50.00, upon the occurrence of certain triggering events. The
    exercise price and the number of shares of Series&#160;A
    Preferred Stock issuable upon exercise are subject to adjustment
    from time to time to prevent dilution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The rights become exercisable, and will begin to trade
    separately from our common stock, upon the earlier of
    (1)&#160;10&#160;days following a public announcement that a
    person or group of affiliated persons has acquired, or obtained
    the right to acquire, beneficial ownership of 20% or more of our
    outstanding common stock and (2)&#160;ten business days (or such
    later day as determined by the board of directors) after a
    person or group announces a tender offer or exchange offer, the
    consummation of which would result in ownership by a person or
    group of 20% or more of our common stock. Each right will
    entitle the holder to purchase our common stock having a current
    market value of twice the exercise price of the right. If we are
    acquired through a merger or other business combination
    transaction,
</DIV>

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    <BR>
    27
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    or if there is a sale of more than 50% of our assets or earning
    power, each right will entitle the holder (other than rights
    held by the acquiring person) to purchase, at the exercise
    price, common stock of the acquiring entity having a value of
    twice the exercise price at the time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our board of directors has the option, at any time after a
    person becomes a 20% holder of our outstanding common stock, to
    exchange all or part of the rights (other than rights held by
    the acquiring person) for shares of our common stock provided
    that we may not make such an exchange after the person becomes
    the beneficial owner of 50% or more of our outstanding stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We may redeem the rights for $.01 each at any time on, or prior
    to, public announcement that a person has become the beneficial
    owner of 20% or more of our common stock. The rights will expire
    on June&#160;21, 2010, unless earlier redeemed or exchanged.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Until a right is exercised, the holder will have no rights as a
    shareholder (other than any rights resulting from the
    holder&#146;s ownership of our common stock), including the
    right to vote or receive dividends.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">California
    and Federal Banking Law</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following discussion is a summary of certain provisions of
    California and federal law and regulations which may be deemed
    to have &#147;anti-takeover&#148; effects. The description of
    these provisions is necessarily general and reference should be
    made to the actual law and regulations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Federal law prohibits a person or group of persons &#147;acting
    in concert&#148; from acquiring &#147;control&#148; of a bank
    holding company unless the Federal Reserve Board has been given
    60&#160;days prior written notice of such proposed acquisition
    and within that time period the Federal Reserve has not issued a
    notice disapproving the proposed acquisition or extending for up
    to another 30&#160;days the period during which such a
    disapproval may be issued. An acquisition may be made prior to
    the expiration of the disapproval period if the Federal Reserve
    issues written notice of its intent not to disapprove the
    action. Under a rebuttable presumption established by the
    Federal Reserve, the acquisition of 10% or more of a class of
    voting stock of a bank or bank holding company with a class of
    securities registered under Section&#160;12 of the Exchange Act
    would, under the circumstances set forth in the presumption,
    constitute the acquisition of control. In addition, any
    &#147;company&#148; would be required to obtain the approval of
    the Federal Reserve under the Bank Holding Company Act before
    acquiring 25% (5% in the case of an acquiror that is, or is
    deemed to be, a bank holding company) or more of any class of
    voting stock, or such lesser number of shares as may constitute
    control.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the California Financial Code, no person shall, directly
    or indirectly, acquire control of a California state bank or its
    holding company unless the Department of Financial Institutions
    has approved such acquisition of control. A person would be
    deemed to have acquired control of Citizens Business Bank if
    such person, directly or indirectly, has the power (1)&#160;to
    vote 25% or more of the voting power of Citizens Business Bank,
    or (2)&#160;to direct or cause the direction of the management
    and policies of Citizens Business Bank. For purposes of this
    law, a person who directly or indirectly owns or controls 10% or
    more of our outstanding common stock would be presumed to
    control Citizens Business Bank.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    28
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='113'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">U.S.
    FEDERAL TAX CONSIDERATIONS FOR
    <FONT style="white-space: nowrap">NON-U.S.</FONT>
    HOLDERS OF OUR COMMON STOCK</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following is a general discussion of certain
    U.S.&#160;federal income tax considerations with respect to the
    ownership and disposition of shares of our common stock
    applicable to
    <FONT style="white-space: nowrap">non-U.S.&#160;holders</FONT>
    who acquire such shares in this offering and hold such shares as
    a capital asset (generally, property held for investment). For
    purposes of this discussion, a
    <FONT style="white-space: nowrap">&#147;non-U.S.&#160;holder&#148;</FONT>
    means a beneficial owner of our common stock (other than an
    entity or arrangement that is treated as a partnership for
    U.S.&#160;federal income tax purposes) that is not, for
    U.S.&#160;federal income tax purposes, any of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a citizen or resident of the United States;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a corporation or other business entity taxable as a corporation
    created or organized in the United States or under the laws of
    the United States, any state thereof or the District of Columbia;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an estate, the income of which is includible in gross income for
    U.S.&#160;federal income tax purposes regardless of its
    source;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a trust if (a)&#160;a court within the United States is able to
    exercise primary supervision over the administration of the
    trust and one or more U.S.&#160;persons have the authority to
    control all substantial decisions of the trust or (b)&#160;such
    trust has made a valid election to be treated as a
    U.S.&#160;person for U.S.&#160;federal income tax purposes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This discussion is based on current provisions of the Code,
    Treasury regulations promulgated thereunder, judicial opinions,
    published positions of the Internal Revenue Service and other
    applicable authorities, all of which are subject to change
    (possibly with retroactive effect). This discussion does not
    address all aspects of U.S.&#160;federal income taxation that
    may be important to a particular
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    in light of that
    <FONT style="white-space: nowrap">non-U.S.&#160;holder&#146;s</FONT>
    individual circumstances, nor does it address any aspects of
    U.S.&#160;federal estate and gift, state, local or
    <FONT style="white-space: nowrap">non-U.S.&#160;taxes.</FONT>
    This discussion may not apply, in whole or in part, to
    particular
    <FONT style="white-space: nowrap">non-U.S.&#160;holders</FONT>
    in light of their individual circumstances or to holders subject
    to special treatment under the U.S.&#160;federal income tax laws
    (such as insurance companies, tax-exempt organizations,
    financial institutions, brokers or dealers in securities,
    &#147;controlled foreign corporations,&#148; &#147;passive
    foreign investment companies,&#148;
    <FONT style="white-space: nowrap">non-U.S.&#160;holders</FONT>
    that hold our common stock as part of a straddle, hedge,
    conversion transaction or other integrated investment, and
    certain U.S.&#160;expatriates).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a partnership (or other entity or arrangement treated as a
    partnership for U.S.&#160;federal income tax purposes) holds our
    common stock, the tax treatment of a partner will generally
    depend on the status of the partner and the activities of the
    partnership. Partners of a partnership holding our common stock
    should consult their tax advisor as to the particular
    U.S.&#160;federal income tax consequences applicable to them.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THIS SUMMARY IS FOR GENERAL INFORMATION ONLY AND IS NOT INTENDED
    TO CONSTITUTE A COMPLETE DESCRIPTION OF ALL TAX CONSEQUENCES FOR
    <FONT style="white-space: nowrap">NON-U.S.&#160;HOLDERS</FONT>
    RELATING TO THE OWNERSHIP AND DISPOSITION OF OUR COMMON STOCK.
    PROSPECTIVE HOLDERS OF OUR COMMON STOCK SHOULD CONSULT WITH
    THEIR TAX ADVISORS REGARDING THE TAX CONSEQUENCES TO THEM
    (INCLUDING THE APPLICATION AND EFFECT OF ANY STATE, LOCAL,
    FOREIGN INCOME AND OTHER TAX LAWS) OF THE OWNERSHIP AND
    DISPOSITION OF OUR COMMON STOCK.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Dividends</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, any distributions we make to a
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    with respect to its shares of our common stock that constitutes
    a dividend for U.S.&#160;federal income tax purposes will be
    subject to U.S.&#160;withholding tax at a rate of 30% of the
    gross amount, unless the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    is eligible for a reduced rate of withholding tax under an
    applicable tax treaty and the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    provides proper certification of its eligibility for such
    reduced rate. A distribution will constitute a dividend for
    U.S.&#160;federal income tax purposes to the extent of our
    current and accumulated earnings and profits as determined for
    U.S.&#160;federal income tax purposes. Any distribution not
    constituting a dividend will be treated first as reducing the
    adjusted basis in the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder&#146;s</FONT>
    shares of our common stock and, to the extent it exceeds the
    adjusted basis in the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder&#146;s</FONT>
    shares of our common stock, as gain from the sale or exchange of
    such stock.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    29
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dividends we pay to a
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    that are effectively connected with its conduct of a trade or
    business within the United States (and, if a tax treaty applies,
    are attributable to a U.S.&#160;permanent establishment) will
    not be subject to U.S.&#160;withholding tax, as described above,
    if the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    complies with applicable certification and disclosure
    requirements. Instead, such dividends generally will be subject
    to U.S.&#160;federal income tax on a net income basis, in the
    same manner as if the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    were a resident of the United States. Dividends received by a
    foreign corporation that are effectively connected with its
    conduct of trade or business within the United States may be
    subject to an additional branch profits tax at a rate of 30% (or
    such lower rate as may be specified by an applicable tax treaty).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Gain on
    Sale or Other Disposition of Common Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, a
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    will not be subject to U.S.&#160;federal income tax on any gain
    realized upon the sale or other disposition of the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder&#146;s</FONT>
    shares of our common stock unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the gain is effectively connected with a trade or business
    carried on by the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    within the United States (and, if required by an applicable tax
    treaty, is attributable to a U.S.&#160;permanent establishment
    of such
    <FONT style="white-space: nowrap">non-U.S.&#160;holder);</FONT>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    is an individual and is present in the United States for
    183&#160;days or more in the taxable year of disposition and
    certain other conditions are met;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    we are or have been a U.S.&#160;real property holding
    corporation for U.S.&#160;federal income tax purposes at any
    time within the shorter of the five-year period preceding such
    disposition or such
    <FONT style="white-space: nowrap">non-U.S.&#160;holder&#146;s</FONT>
    holding period of our common stock.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We believe that we are not currently, and do not anticipate
    becoming, a U.S.&#160;real property holding corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Gain that is effectively connected with the conduct of a trade
    or business in the United States (or so treated) generally will
    be subject to U.S.&#160;federal income tax, net of certain
    deductions, at regular U.S.&#160;federal income tax rates. If
    the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    is a foreign corporation, the branch profits tax described above
    also may apply to such effectively connected gain. An individual
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    who is subject to U.S.&#160;federal income tax because the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    was present in the United States for 183&#160;days or more
    during the year of sale or other disposition of our common stock
    will be subject to a flat 30% tax on the gain derived from such
    sale or other disposition, which may be offset by United States
    source capital losses.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Backup
    Withholding, Information Reporting and Other Reporting
    Requirements</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We must report annually to the Internal Revenue Service and to
    each
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    the amount of dividends paid to, and the tax withheld with
    respect to, each
    <FONT style="white-space: nowrap">non-U.S.&#160;holder.</FONT>
    These reporting requirements apply regardless of whether
    withholding was reduced or eliminated by an applicable tax
    treaty. Copies of this information reporting may also be made
    available under the provisions of a specific tax treaty or
    agreement with the tax authorities in the country in which the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    resides or is established.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    will generally be subject to backup withholding for dividends on
    our common stock paid to such holder unless such holder
    certifies under penalties of perjury that, among other things,
    it is a
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    (and the payor does not have actual knowledge or reason to know
    that such holder is a U.S.&#160;person as defined under the
    Code).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Information reporting and backup withholding generally are not
    required with respect to the amount of any proceeds from the
    sale or other disposition of our common stock by a
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    outside the United States through a foreign office of a foreign
    broker that does not have certain specified connections to the
    United States. However, if a
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    sells or otherwise disposes its shares of our common stock
    through a U.S.&#160;broker or the U.S.&#160;offices of a foreign
    broker, the broker will generally be required to report the
    amount of proceeds paid to the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    to the Internal Revenue Service and also backup withhold on that
    amount unless such
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    provides appropriate certification to the broker of its status
    as a
    <FONT style="white-space: nowrap">non-U.S.&#160;person</FONT>
    or otherwise establish an exemption (and the payor does not have
    actual knowledge or reason to know that such holder is a
    U.S.&#160;person as defined under the Code). Information
    reporting, but generally not backup withholding, will also
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    30
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    apply if a broker has certain connections with the United States
    unless such broker has documentary evidence in its records that
    such
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    is a
    <FONT style="white-space: nowrap">non-U.S.&#160;person</FONT>
    and certain other conditions are met, or an exemption is
    otherwise established.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Backup withholding is not an additional income tax. Any amounts
    withheld under the backup withholding rules from a payment to a
    <FONT style="white-space: nowrap">non-U.S.&#160;holder</FONT>
    generally can be credited against the
    <FONT style="white-space: nowrap">non-U.S.&#160;holder&#146;s</FONT>
    U.S.&#160;federal income tax liability, if any, or refunded,
    provided that the required information is furnished to the
    Internal Revenue Service in a timely manner.
    <FONT style="white-space: nowrap">Non-U.S.&#160;holders</FONT>
    should consult their tax advisors regarding the application of
    the information reporting and backup withholding rules to them.
</DIV>

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    <BR>
    31
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='114'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    ERISA CONSIDERATIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each person considering the use of the assets of a pension,
    profit-sharing or other employee benefit plan, individual
    retirement account, or other retirement plan, account or
    arrangement to acquire our common stock should consider whether
    an investment in our common stock would be consistent with the
    documents and instruments governing the plan, and whether the
    investment would involve a prohibited transaction under
    Section&#160;406 of the Employee Retirement Income Security Act
    of 1974, as amended (&#147;ERISA&#148;) or Section&#160;4975 of
    the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;406 of ERISA and Section&#160;4975 of the Code, as
    applicable, prohibit (i)&#160;employee benefit plans subject to
    Title&#160;I of ERISA, (ii)&#160;plans subject to
    Section&#160;4975 of the Code, and (iii)&#160;any entity that
    holds plan assets by reason of investment in such entity by a
    plan described in (i)&#160;or (ii)&#160;above, including
    entities such as collective investment funds, partnerships,
    separate accounts, insurance company pooled separate accounts or
    insurance company general accounts (each of (i), (ii)&#160;and
    (iii), a &#147;Plan,&#148; and collectively, &#147;Plans&#148;),
    from engaging in certain transactions involving &#147;plan
    assets&#148; with persons who are &#147;parties in
    interest,&#148; under ERISA or &#147;disqualified persons&#148;
    under the Code with respect to the Plan. A violation of these
    prohibited transaction rules may result in civil penalties or
    other liabilities under ERISA
    <FONT style="white-space: nowrap">and/or</FONT> an
    excise tax under Section&#160;4975 of the Code for those persons
    engaged in the prohibited transaction, unless exemptive relief
    is available under an applicable statutory, regulatory or
    administrative exemption. Certain governmental plans (as defined
    in Section&#160;3(32) of ERISA), church plans (as defined in
    Section&#160;3(33) of ERISA and Section&#160;414(e) of the Code
    with respect to which the election provided by
    Section&#160;410(d) of the Code has not been made), and foreign
    plans (as described in Section&#160;4(b)(4) of ERISA) are not
    subject to the requirements of ERISA or Section&#160;4975 of the
    Code but may be subject to similar provisions under applicable
    federal, state, local, foreign or other regulations, rules or
    laws (&#147;Similar Laws&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We, and certain of our affiliates, are or may become
    &#147;parties in interest&#148; with respect to a number of
    Plans. Accordingly, the acquisition of shares of our common
    stock by a Plan from a person that is or becomes a &#147;party
    in interest&#148; may constitute or result in a prohibited
    transaction under ERISA or Section&#160;4975 of the Code, unless
    shares of our common stock are acquired pursuant to and in
    accordance with an applicable exemption. In such situations, our
    common stock may not be purchased or held by any Plan or any
    person investing &#147;plan assets&#148; on behalf of any Plan,
    unless (i)&#160;such purchase is eligible for exemptive relief
    available under a Prohibited Transaction Class Exemption, or
    &#147;PTCE,&#148; such as
    <FONT style="white-space: nowrap">PTCE&#160;96-23,</FONT>
    <FONT style="white-space: nowrap">PTCE&#160;95-60,</FONT>
    <FONT style="white-space: nowrap">PTCE&#160;91-38,</FONT>
    <FONT style="white-space: nowrap">PTCE&#160;90-1</FONT>
    or
    <FONT style="white-space: nowrap">PTCE&#160;84-14</FONT>
    issued by the U.S.&#160;Department of Labor, or (ii)&#160;there
    is some other basis upon which the purchase of our common stock
    would not be prohibited, such as the exemption under
    Section&#160;408(b)(17) of ERISA and Section&#160;4975(d)(20) of
    the Code, or the &#147;Service Provider Exemption,&#148; for
    certain transactions with non-fiduciary service providers for
    adequate consideration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each purchaser of shares of our common stock or any interest
    therein, and each person making the decision to purchase shares
    of our common stock on behalf of any such purchaser will be
    deemed to have represented and warranted in both its individual
    capacity and its representative capacity (if any), that
    (a)&#160;its purchase of shares of our common stock is not made
    on behalf of or with &#147;plan assets&#148; of any Plan, or
    (b)&#160;if its purchase of shares of our common stock is made
    on behalf of or with &#147;plan assets&#148; of a Plan, then
    (i)&#160;its purchase of shares of our common stock will not
    result in a non-exempt prohibited transaction under
    Section&#160;406 of ERISA and Section&#160;4975 of the Code and
    (ii)&#160;neither we nor any of our affiliates are acting as a
    fiduciary (within the meaning of Section&#160;3(21) of ERISA) in
    connection with the purchase of shares of our common stock and
    have not provided any advice that has formed or may form a basis
    for any investment decision concerning the purchase of shares of
    our common stock. Each purchaser of shares of our common stock
    or any interest therein on behalf of any governmental plan,
    church plan, and foreign plan will be deemed to have represented
    and warranted by its purchase of shares of our common stock or
    any interest therein that such purchase does not violate any
    applicable Similar Laws.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Due to the complexity of these rules and the penalties that may
    be imposed upon persons involved in nonexempt prohibited
    transactions, it is important that fiduciaries or other persons
    considering purchasing shares of our common stock on behalf of
    or with &#147;plan assets&#148; of any Plan consult with their
    counsel regarding the availability of exemptive relief under any
    of the PTCEs listed above or any other applicable exemption, or
    the potential consequences of any purchase under Similar Laws,
    as applicable.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='115'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">UNDERWRITING</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are offering the shares of our common stock described in this
    prospectus through Keefe, Bruyette&#160;&#038; Woods, Inc. and
    Sandler O&#146;Neill&#160;&#038; Partners, L.P., as
    representatives of the several underwriters (collectively, the
    &#147;Underwriters&#148;). We have entered into an underwriting
    agreement with the Underwriters,
    dated&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;,
    2009 (the &#147;Underwriting Agreement&#148;). Subject to the
    terms and conditions of the Underwriting Agreement, each of the
    Underwriters has severally agreed to purchase the number of
    shares of common stock, no par value per share, listed next to
    its name in the following table:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="90%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Underwriter of Shares</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Number</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Keefe, Bruyette&#160;&#038; Woods, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sandler O&#146;Neill&#160;&#038; Partners, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our common stock is offered subject to a number of conditions,
    including receipt and acceptance of the common stock by the
    Underwriters.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with this offering, certain of the Underwriters or
    securities dealers may distribute prospectuses electronically.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Director,
    officer and principal shareholder participation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At our request, the underwriters have reserved up
    to&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;shares
    of our common stock for sale, at the public offering price, to
    our directors, officers, principal shareholders and related
    persons. Any shares purchased under this directed share program
    are subject to
    a&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;-day
    <FONT style="white-space: nowrap">lock-up</FONT>
    period. The number of shares of our common stock available for
    sale to the general public will be reduced to the extent these
    persons purchase such reserved shares. Any reserved shares that
    are not so purchased will be offered by the underwriters to the
    general public on the same basis as the other shares offered by
    this prospectus.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Over-allotment
    option</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have granted the Underwriters an option to
    buy&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;additional
    shares of our common stock. The Underwriters may exercise this
    option solely for the purpose of covering over-allotments, if
    any, made in connection with this offering. The Underwriters
    have thirty (30)&#160;days from the date of this prospectus to
    exercise this option.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Commissions
    and discounts</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shares of common stock sold by the Underwriters to the public
    will initially be offered at the offering price set forth on the
    cover of this prospectus. Any shares of common stock sold by the
    Underwriters to securities dealers may be sold at a discount of
    up to
    $&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;
    per share from the public offering price. Any of these
    securities dealers may resell any shares of common stock
    purchased from the Underwriters to other brokers or dealers at a
    discount of up to
    $&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;
    per share from the public offering price. If all the shares of
    common stock are not sold at the public offering price, the
    representatives may change the offering price and the other
    selling terms. Sales of shares of common stock made outside of
    the United States may be made by affiliates of the Underwriters.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table shows the per share and total underwriting
    discounts and commissions we will pay to the Underwriters,
    assuming both no exercise and full exercise of the
    Underwriters&#146; option to purchase an
    additional&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;shares
    of common stock:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="76%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>No Exercise</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Full Exercise</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Per Share Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We estimate that the total expenses of this offering payable by
    us, not including the underwriting discounts and commissions but
    including our reimbursement of certain expenses of the
    Underwriters, will be approximately
    $&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    33
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">No sales
    of similar securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We and our executive officers and directors have entered into
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreements with the Underwriters. Under these agreements, we and
    each of these persons may not, without the prior written
    approval of the representatives, subject to limited exceptions,
    offer, sell, contract to sell or otherwise dispose of or hedge
    our common stock or securities convertible into or exercisable
    or exchangeable for our common stock. These restrictions will be
    in effect for a period
    of&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;
    (&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;)&#160;days
    after the date of this prospectus. At any time and without
    public notice, the representatives may, in their sole
    discretion, release all or some of the securities from these
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;-day
    restricted period described above is subject to extension under
    limited circumstances. In the event that either (1)&#160;during
    the period that begins on the date that is 15 calendar days plus
    3 business days before the last day of
    the&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;-day
    restricted period and ends on the last day of
    the&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;-day
    restricted period, we issue an earnings release or material news
    or a material event relating to us occurs; or (2)&#160;prior to
    the expiration of
    the&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT><FONT style="white-space: nowrap">&#160;-day</FONT>
    restricted period, we announce that we will release earnings
    results during the
    <FONT style="white-space: nowrap">16-day</FONT>
    period beginning on the last day of
    the&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;-day
    restricted period, then the restricted period will continue to
    apply until the expiration of the date that is 15 calendar days
    plus 3 business days after the date on which the earnings
    release is issued or the material news or material event
    relating to us occurs.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Indemnification
    and contribution</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have agreed to indemnify the Underwriters and their
    affiliates and controlling persons against certain liabilities.
    If we are unable to provide this indemnification, we will
    contribute to the payments the Underwriters, their affiliates
    and their controlling persons may be required to make in respect
    of those liabilities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NASDAQ
    Global Select Market quotation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our common stock is quoted on the NASDAQ Global Select Market
    under the symbol &#147;CVBF.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Price
    stabilization, short positions and passive market
    making</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with this offering, the Underwriters may engage in
    activities that stabilize, maintain or otherwise affect the
    price of our common stock, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    stabilizing transactions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    short sales;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    purchases to cover positions created by short sales;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    imposition of penalty bids;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    syndicate covering transactions;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    passive market making.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stabilizing transactions consist of bids or purchases made for
    the purpose of preventing or retarding a decline in the market
    price of our common stock while this offering is in progress.
    These transactions may also include making short sales of our
    common stock, which involve the sale by the Underwriters of a
    greater number of shares of common stock than they are required
    to purchase in this offering. Short sales may be &#147;covered
    short sales,&#148; which are short positions in an amount not
    greater than the Underwriters&#146; over-allotment option
    referred to above, or may be &#147;naked short sales,&#148;
    which are short positions in excess of that amount.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Underwriters may close out any covered short position either
    by exercising their over-allotment option, in whole or in part,
    or by purchasing shares in the open market. In making this
    determination, the Underwriters will consider, among other
    things, the price of shares available for purchase in the open
    market compared to the price at which they may purchase shares
    through the over-allotment option. The Underwriters must close
    out any naked short position by purchasing shares in the open
    market. A naked short position is more likely to be created if
    the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    34
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Underwriters are concerned that there may be downward pressure
    on the price of the common stock in the open market that could
    adversely affect investors who purchased in this offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of these activities, the price of our common stock
    may be higher than the price that otherwise might exist in the
    open market. If these activities are commenced, they may be
    discontinued by the Underwriters at any time. The Underwriters
    may carry out these transactions on NASDAQ, in the
    over-the-counter market or otherwise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, in connection with this offering the Underwriters
    may engage in passive market making transactions in our common
    stock on NASDAQ prior to the pricing and completion of this
    offering. Passive market making consists of displaying bids on
    NASDAQ no higher than the bid prices of independent market
    makers and making purchases at prices no higher than these
    independent bids and effected in response to order flow. Net
    purchases by a passive market maker on each day are generally
    limited to a specified percentage of the passive market
    maker&#146;s average daily trading volume in the common stock
    during a specified period and must be discontinued when such
    limit is reached. Passive market making may cause the price of
    our common stock to be higher than the price that otherwise
    would exist in the open market in the absence of these
    transactions. If passive market making is commenced, it may be
    discontinued at any time.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Affiliations</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Underwriters and their affiliates have provided and may
    continue to provide certain commercial banking, financial
    advisory and investment banking services for us for which they
    receive fees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Underwriters and their affiliates may from time to time in
    the future engage in transactions with us and perform services
    for us in the ordinary course of their business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Selling
    Restrictions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">European
    Economic Area</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In relation to each Member State of the European Economic Area
    which has implemented the Prospectus Directive (each, a Relevant
    Member State), each Underwriter has represented and agreed that
    with effect from and including the date on which the Prospectus
    Directive is implemented in that Relevant Member State (the
    Relevant Implementation Date) it has not made and will not make
    an offer of shares to the public in that Relevant Member State
    prior to the publication of a prospectus in relation to the
    shares which has been approved by the competent authority in
    that Relevant Member State or, where appropriate, approved in
    another Relevant Member State and notified to the competent
    authority in that Relevant Member State, all in accordance with
    the Prospectus Directive, except that it may, with effect from
    and including the Relevant Implementation Date, make an offer of
    shares to the public in that Relevant Member State at any time:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;legal entities which are authorized or regulated to
    operate in the financial markets or, if not so authorized or
    regulated, whose corporate purpose is solely to invest in
    securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;to any legal entity which has two or more of
    (1)&#160;an average of at least 250&#160;employees during the
    last financial year; (2)&#160;a total balance sheet of more than
    &#128;43,000,000 and (3)&#160;an annual net turnover of more
    than &#128;50,000,000, as shown in its last annual or
    consolidated accounts;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;to fewer than 100 natural or legal persons (other than
    qualified investors as defined in the Prospectus Directive)
    subject to obtaining the prior consent of the representatives
    for any such offer;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;in any other circumstances which do not require the
    publication by the Issuer of a prospectus pursuant to
    Article&#160;3 of the Prospectus Directive.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the purposes of this provision, the expression an
    &#147;offer of shares to the public&#148; in relation to any
    shares in any Relevant Member State means the communication in
    any form and by any means of sufficient information on the terms
    of the offer and the shares to be offered so as to enable an
    investor to decide to purchase or subscribe for the shares, as
    the same may be varied in that Relevant Member State by any
    measure implementing the Prospectus Directive in that Relevant
    Member State, and the expression Prospectus Directive means
    Directive 2003/71/EC and includes any relevant implementing
    measure in each Relevant Member State.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    35
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">United
    Kingdom</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Underwriter has represented and agreed that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;it has only communicated or caused to be communicated
    and will only communicate or cause to be communicated an
    invitation or inducement to engage in investment activity
    (within the meaning of Section&#160;21 of the Financial Services
    and Markets Act 2000, as amended (the &#147;FSMA&#148;))
    received by it in connection with the issue or sale of the
    shares in circumstances in which Section&#160;21(1) of the FSMA
    does not apply to the Issuer;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;it has complied and will comply with all applicable
    provisions of the FSMA with respect to anything done by it in
    relation to the shares in, from or otherwise involving the
    United Kingdom.
</DIV>
<A name='116'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LEGAL
    MATTERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The validity of the shares of common stock offered by this
    prospectus will be passed upon for us by Manatt,
    Phelps&#160;&#038; Phillips, LLP, Los Angeles, California.
    Certain legal matters will be passed upon for the underwriters
    by Skadden, Arps, Slate, Meagher&#160;&#038; Flom LLP, Los
    Angeles, California.
</DIV>
<A name='117'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXPERTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements of the Company
    incorporated from our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the years ended December&#160;31, 2008 and 2007, and for
    each of the years in the two-year period ended December&#160;31,
    2008, and management&#146;s assessment of the effectiveness of
    internal control over financial reporting as of
    December&#160;31, 2008, have been incorporated by reference
    herein in reliance upon the reports of KPMG LLP, independent
    registered public accounting firm, incorporated by reference
    herein, and upon the authority of said firm as experts in
    accounting and auditing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements for the year ended
    December&#160;31, 2006 have been incorporated by reference
    herein in reliance upon the report of McGladrey&#160;&#038;
    Pullen, LLP, independent registered public accounting firm,
    incorporated by reference herein, and upon the authority of said
    firm as experts in accounting and auditing.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    36
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=0 -->

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;&#160;Shares</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 24pt">CVB Financial Corp.</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">Common Stock</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="v52767orv5276700.gif" alt="(CVB FINANCIAL CORP)"><B><FONT style="font-size: 14pt">
    </FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 16pt">Keefe, Bruyette&#160;&#038;
    Woods</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 16pt">Sandler O&#146;Neill +
    Partners, L.P.</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;,
    2009
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=0 -->

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=0 -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PART&#160;II<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    NOT REQUIRED IN PROSPECTUS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;13.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Other
    Expenses of Issuance and Distribution.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth the various expenses to be
    incurred in connection with the sale and distribution of the
    Securities being registered hereby, all of which will be borne
    by us (except any underwriting discounts and commissions and
    expenses incurred for brokerage, accounting, tax or legal
    services or any other expenses incurred in disposing of the
    shares). All amounts shown are estimates except the SEC
    registration fee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="90%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SEC registration fee
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,417
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    FINRA filing fee
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Legal fees and expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    300,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounting fees and expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    150,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Printing fees and expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Miscellaneous expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total Expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    487,417
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;14.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Indemnification
    of Directors and Officers.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;317 of the California General Corporation Law
    authorizes a court to award, or a corporation&#146;s board of
    directors to grant indemnity to directors, officers, employees
    and other agents of the corporation in terms sufficiently broad
    to permit such indemnification under certain circumstances for
    liabilities (including reimbursement for expenses incurred)
    arising under the Securities Act of 1933, as amended.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our board of directors has resolved to indemnify our officers
    and directors to the fullest extent permitted by
    Section&#160;317 of the California General Corporation Law and
    Article&#160;Five of our articles of incorporation and
    Section&#160;7.1 of our bylaws authorize us to provide for
    indemnification of our officers and directors to the same
    extent. This indemnification limits the personal monetary
    liability of directors in performing their duties on behalf of
    us, to the extent permitted by the California General
    Corporation Law, and permits the registrant to indemnify its
    directors and officers against certain liabilities and expenses,
    to the extent permitted by the California General Corporation
    Law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, we maintain directors&#146; and officers&#146;
    liability insurance that insures our directors and officers
    against certain liabilities, including certain liabilities under
    the Securities Act of 1933.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;16.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Exhibits</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="90%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>EXHIBIT<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>NUMBER</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>DESCRIPTION</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Underwriting Agreement*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Articles of Incorporation of CVB Financial Corp., as amended(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Bylaws of CVB Financial Corp., as amended(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Determination of Participating Series&#160;A
    Preferred Stock (See Exhibit&#160;3.1 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Determination of Participating Series&#160;B
    Preferred Stock(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Certificate for the Common Stock(2)&#160;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Preferred Shares Rights Agreement, dated as of June&#160;21,
    2000, between CVB Financial Corp. and U.S.&#160;Stock Transfer
    Corp.(3)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Warrant to purchase up to 1,669,521&#160;shares of Common Stock,
    issued on December&#160;8, 2008(15)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Rights Certificate (See Exhibit&#160;4.2 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Summary of Rights (See Exhibit&#160;4.2 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Preferred Share Certificate for Fixed Rate Cumulative
    Perpetual Preferred Stock, Series&#160;B(15)
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="90%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>EXHIBIT<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>NUMBER</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>DESCRIPTION</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Manatt, Phelps&#160;&#038; Phillips, LLP regarding
    validity of the common stock being registered
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .1(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Employment Agreement by and among Christopher D. Myers, CVB
    Financial Corp. and Citizens Business Bank, dated June&#160;1,
    2006&#134;(4)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .1(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Restricted Stock Agreement by and between CVB Financial Corp.
    and Christopher D. Myers dated June&#160;1, 2006&#134;(4)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .1(c)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Deferred Compensation Plan for Christopher D. Myers, effective
    January&#160;1, 2007&#134;(14)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Chino Valley Bank Profit Sharing Plan, as amended&#134;(5)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Indemnification Agreement(6)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    CVB Financial Corp. 1991 Stock Option Plan, as amended&#134;(7)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    CVB Financial Corp. 2000 Stock Option Plan&#134;(8)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .6(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    CVB Financial Corp. 2008 Equity Incentive Plan&#134;(16)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .6(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Stock Option Agreement pursuant to the 2008 Equity
    Compensation Plan&#134;(9)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .6(c)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Restricted Stock Agreement pursuant to the 2008 Equity
    Compensation Plan&#134;(9)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .7
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    CVB Financial Corp. Discretionary Performance Compensation Plan
    2008&#134;(9)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .8
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    The Executive NonQualified Excess PlanSM Plan Document effective
    February&#160;21, 2007&#134;(14)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .9
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    D. Linn Wiley Consulting Agreement dated April&#160;16,
    2008&#134;(17)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .10
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Jay Coleman Consulting and Confidentiality Agreement, dated
    December&#160;5, 2008&#134;(18)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .11
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Severance Compensation Agreement for Edward J. Biebrich, dated
    December&#160;31, 2008&#134;(10)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .12
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Outside Directors&#146; Compensation&#134;(11)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .13
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Base Salaries for Named Executive Officers of the
    Registrant&#134;(12)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .14(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Offer letter for Christopher A. Walters, dated June&#160;13,
    2007&#134;(13)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .14(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Severance Compensation Agreement for Christopher A. Walters,
    dated December&#160;31, 2008&#134;(10)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .15(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Offer letter for James F. Dowd, dated May&#160;16, 2008&#134;(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .15(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Severance Compensation Agreement for James F. Dowd, dated
    December&#160;31, 2008&#134;(10)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .16(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Offer letter for Todd E. Hollander, dated April&#160;21,
    2008&#134;(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .16(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Severance Compensation Agreement for Todd E. Hollander, dated
    December&#160;31, 2008&#134;(10)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .17
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Waiver, executed by each of Messrs.&#160;Christopher D.
    Myers, Edward J. Biebrich, Jr., Jay W. Coleman, James F. Dowd,
    Christopher Walters and Todd E. Hollander as to certain
    compensation benefits&#134;(15)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .18
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Consent, executed by each of Messrs.&#160;Christopher D.
    Myers, Edward J. Biebrich, Jr., Jay W. Coleman, James F. Dowd,
    Christopher A. Walters and Todd E. Hollander, to adoption of
    amendments to Benefit Plans as required by Section&#160;111(b)
    of EESA&#134;(15)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .19
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Letter Agreement, dated December&#160;5, 2008, including the
    Securities Purchase Agreement Standard Terms incorporated by
    reference therein, between CVB Financial Corp. and the U.S.
    Treasury(15)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    12
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement regarding computation of ratios
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    21
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Subsidiaries of CVB Financial Corp.(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of KPMG LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of McGladrey&#160;&#038; Pullen, LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Manatt, Phelps&#160;&#038; Phillips, LLP (included in
    Exhibit&#160;5.1 filed herewith)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Powers of Attorney (included in the signature pages to the
    Registration Statement)
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    * </TD>
    <TD></TD>
    <TD valign="bottom">
    To be filed by amendment.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    &#134; </TD>
    <TD></TD>
    <TD valign="bottom">
    Indicates a management contract or compensation plan.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Except as noted below,
    <FONT style="white-space: nowrap">Form&#160;8-A12G,</FONT>
    <FONT style="white-space: nowrap">Form&#160;8-K,</FONT>
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    and Form&#160;DEF 14A identified in the exhibit index have SEC
    file number
    <FONT style="white-space: nowrap">000-10140.</FONT></TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    &#916;&#160;We have entered into the following trust preferred
    security issuances and agree to furnish a copy to the SEC upon
    request:</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    (a)&#160;Indenture dated as of December&#160;17, 2003 by and
    between CVB Financial Corp. and U.S. Bank, National Association,
    as Trustee (CVB Statutory Trust&#160;I).</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    (b)&#160;Indenture dated as of December&#160;5, 2003, by and
    between CVB Financial Corp. and Wells Fargo Bank, National
    Association, as Trustee (CVB Statutory Trust&#160;II).</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    (c)&#160;Indenture by and between CVB Financial Corp. and U.S.
    Bank, National Association, as Trustee, dated as of
    January&#160;31, 2006 (CVB Statutory Trust&#160;III).</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    (d)&#160;Indenture by and between FCB and Wells Fargo Bank,
    National Association, as Trustee, acquired on June&#160;22, 2007
    (FCB Statutory Trust&#160;II).</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    filed with the SEC on February&#160;27, 2009.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our
    <FONT style="white-space: nowrap">Form&#160;8-A12G</FONT>
    filed with the SEC on June&#160;11, 2001.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our
    <FONT style="white-space: nowrap">Form&#160;8-A12G</FONT>
    filed with the SEC on June&#160;22, 2000.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on June&#160;7, 2006.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Filed as Exhibits&#160;10.3 to Registrant&#146;s Annual Report
    on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 1990, which is
    incorporated herein by this reference.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Filed as Exhibit&#160;10.13 to Registrant&#146;s Annual Report
    on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 1988, which is
    incorporated herein by this reference.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    filed with the SEC on May&#160;13, 1998, Commission file number
    1-10394.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Registration Statement
    on
    <FONT style="white-space: nowrap">Form&#160;S-8</FONT>
    filed with the SEC on July&#160;12, 2000, Commission file number
    <FONT style="white-space: nowrap">333-41198.</FONT></TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on May&#160;23, 2008. </TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (10) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on January&#160;7, 2009.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (11) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    filed with the SEC on March&#160;14, 2005.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (12) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on March&#160;24, 2008.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (13) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    filed with the SEC on August&#160;8, 2007.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (14) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    filed with the SEC on March&#160;1, 2007.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (15) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on December&#160;8, 2008.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (16) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Definitive Proxy
    Statement on Form&#160;DEF 14A filed with the SEC on April, 16,
    2008.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (17) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on April&#160;18, 2008.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (18) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on January&#160;2, 2009.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Item&#160;17.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Undertakings.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Insofar as indemnification for liabilities arising under the
    Securities Act of 1933&#160;may be permitted to directors,
    officers and controlling persons of the registrant pursuant to
    the indemnification provisions described herein, or otherwise,
    the registrant has been advised that in the opinion of the
    Securities and Exchange Commission such indemnification is
    against public policy as expressed in the Securities Act of 1933
    and is, therefore, unenforceable. In the event that a claim for
    indemnification against such liabilities (other than the payment
    by the registrant of expenses incurred or paid by a director,
    officer or controlling person of the registrant in the
    successful defense of any
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    action, suit or proceeding) is asserted by such director,
    officer or controlling person in connection with the securities
    being registered, the registrant will, unless in the opinion of
    its counsel the matter has been settled by controlling
    precedent, submit to a court of appropriate jurisdiction the
    question whether such indemnification by it is against public
    policy as expressed in the Securities Act of 1933 and will be
    governed by the final adjudication of such issue.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned registrant hereby undertakes that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;For purposes of determining any liability under the
    Securities Act of 1933, the information omitted from the form of
    prospectus as filed as part of this registration statement in
    reliance upon Rule&#160;430A and contained in a form of
    prospectus filed by the registrant pursuant to
    Rule&#160;424(b)(1) or (4) or 497(h) under the Securities Act of
    1933 shall be deemed to be part of this registration statement
    as of the time it was declared effective.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;For the purpose of determining any liability under the
    Securities Act of 1933, each post-effective amendment that
    contains a form of prospectus shall be deemed to be a new
    registration statement relating to the securities offered
    therein, and the offering of such securities at that time shall
    be deemed to be the initial <I>bona fide </I>offering thereof.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, as
    amended, the Registrant certifies that it has reasonable grounds
    to believe that it meets all of the requirements for filing on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    and has duly caused this Registration Statement to be signed on
    its behalf by the undersigned, thereunto duly authorized in the
    City of Ontario, State of California, on June&#160;3, 2009.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CVB FINANCIAL CORP.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Christopher
    D. Myers</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Christopher D. Myers
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    President and Chief Executive Officer
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Power of
    Attorney</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each person whose signature appears below appoints Christopher
    D. Myers and Edward J. Biebrich,&#160;Jr., and each of them
    acting individually, as his or her true and lawful
    attorneys-in-fact and agents, with full power of substitution
    and resubstitution, for him or her and in his or her name, place
    and stead, in any and all capacities, to sign any and all
    amendments (including post-effective amendments) to this
    Registration Statement and any registration statement (including
    any amendment thereto) of the Registrant to be filed after the
    date hereof pursuant to Rule&#160;462 under the Securities Act
    of 1933, as amended, and to file the same, with all exhibits
    thereto, and all other documents in connection therewith, with
    the Securities and Exchange Commission, granting unto said
    <FONT style="white-space: nowrap">attorneys-in-fact</FONT>
    and agents full power and authority to do and perform each and
    every act and thing requisite and necessary to be done, as fully
    to all intents and purposes as he or she might or would do in
    person, hereby ratifying and confirming all that said
    attorneys-in fact and agents or any of them or their or his or
    her substitute and substitutes, may lawfully do or cause to be
    done by virtue hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act of 1933, as
    amended, this Registration Statement has been signed by the
    following persons in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="2%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="40%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="40%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;Christopher
    D. Myers </DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=194 length=0 -->Christopher
    D. Myers
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President and Chief Executive Officer (Principal Executive
    Officer), Director
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    June 3, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;Edward
    J. Biebrich, Jr.</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=194 length=0 -->
    Edward J. Biebrich, Jr.
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Executive Vice President and Chief Financial Officer (Principal
    Financial Officer, Principal Accounting Officer)
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    June 3, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;George
    A. Borba</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=194 length=0 -->George
    A. Borba
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chairman of the Board of Directors
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    June 3, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;John
    A. Borba</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=194 length=0 -->John
    A. Borba
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    June 3, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;Ronald
    O. Kruse</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=194 length=0 -->Ronald
    O. Kruse
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice Chairman of the Board of Directors
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    June 3, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">&#160;&#160;&#160;&#160;</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=194 length=0 -->Robert
    M. Jacoby
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    June 3, 2009
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="2%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="40%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="40%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="11%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;James
    C. Seley</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=194 length=0 -->James
    C. Seley
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    June 3, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;San&#160;E.
    Vaccaro</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=194 length=0 -->San&#160;E.
    Vaccaro
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    June 3, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;D.
    Linn Wiley</DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=194 length=0 -->D.
    Linn Wiley
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Vice Chairman of the Board of Directors
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    June 3, 2009
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;INDEX</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="90%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>EXHIBIT<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>NUMBER</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>DESCRIPTION</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    1
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Underwriting Agreement*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Articles of Incorporation of CVB Financial Corp., as amended(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Bylaws of CVB Financial Corp., as amended(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Determination of Participating Series&#160;A
    Preferred Stock (See Exhibit&#160;3.1 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Certificate of Determination of Participating Series&#160;B
    Preferred Stock(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Certificate for the Common Stock(2)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Preferred Shares Rights Agreement, dated as of June&#160;21,
    2000, between CVB Financial Corp. and U.S.&#160;Stock Transfer
    Corp.(3)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Warrant to purchase up to 1,669,521&#160;shares of Common Stock,
    issued on December&#160;8, 2008(15)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Rights Certificate (See Exhibit&#160;4.2 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Summary of Rights (See Exhibit&#160;4.2 hereto)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Preferred Share Certificate for Fixed Rate Cumulative
    Perpetual Preferred Stock, Series&#160;B(15)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Manatt, Phelps&#160;&#038; Phillips, LLP regarding
    validity of the common stock being registered
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .1(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Employment Agreement by and among Christopher D. Myers, CVB
    Financial Corp. and Citizens Business Bank, dated June&#160;1,
    2006&#134;(4)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .1(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Restricted Stock Agreement by and between CVB Financial Corp.
    and Christopher D. Myers dated June&#160;1, 2006&#134;(4)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .1(c)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Deferred Compensation Plan for Christopher D. Myers, effective
    January&#160;1, 2007&#134;(14)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Chino Valley Bank Profit Sharing Plan, as amended&#134;(5)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Indemnification Agreement(6)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    CVB Financial Corp. 1991 Stock Option Plan, as amended&#134;(7)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    CVB Financial Corp. 2000 Stock Option Plan&#134;(8)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .6(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    CVB Financial Corp. 2008 Equity Incentive Plan&#134;(16)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .6(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Stock Option Agreement pursuant to the 2008 Equity
    Compensation Plan&#134;(9)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .6(c)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Restricted Stock Agreement pursuant to the 2008 Equity
    Compensation Plan&#134;(9)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .7
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    CVB Financial Corp. Discretionary Performance Compensation Plan
    2008&#134;(9)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .8
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    The Executive NonQualified Excess PlanSM Plan Document effective
    February&#160;21, 2007&#134;(14)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .9
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    D. Linn Wiley Consulting Agreement dated April&#160;16,
    2008&#134;(17)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .10
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Jay Coleman Consulting and Confidentiality Agreement, dated
    December&#160;5, 2008&#134;(18)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .11
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Severance Compensation Agreement for Edward J. Biebrich, dated
    December&#160;31, 2008&#134;(10)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .12
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Outside Directors&#146; Compensation&#134;(11)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .13
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Base Salaries for Named Executive Officers of the
    Registrant&#134;(12)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .14(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Offer letter for Christopher A. Walters, dated June&#160;13,
    2007&#134;(13)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .14(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Severance Compensation Agreement for Christopher A. Walters,
    dated December&#160;31, 2008&#134;(10)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .15(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Offer letter for James F. Dowd, dated May&#160;16, 2008&#134;(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .15(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Severance Compensation Agreement for James F. Dowd, dated
    December&#160;31, 2008&#134;(10)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .16(a)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Offer letter for Todd E. Hollander, dated April&#160;21,
    2008&#134;(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .16(b)
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Severance Compensation Agreement for Todd E. Hollander, dated
    December&#160;31, 2008&#134;(10)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .17
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Waiver, executed by each of Messrs.&#160;Christopher D.
    Myers, Edward J. Biebrich, Jr., Jay W. Coleman, James F. Dowd,
    Christopher Walters and Todd E. Hollander as to certain
    compensation benefits&#134;(15)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .18
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Consent, executed by each of Messrs.&#160;Christopher D.
    Myers, Edward J. Biebrich, Jr., Jay W. Coleman, James F. Dowd,
    Christopher A. Walters and Todd E. Hollander, to adoption of
    amendments to Benefit Plans as required by Section&#160;111(b)
    of EESA&#134;(15)
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="90%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>EXHIBIT<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>NUMBER</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>DESCRIPTION</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .19
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Letter Agreement, dated December&#160;5, 2008, including the
    Securities Purchase Agreement Standard Terms incorporated by
    reference therein, between CVB Financial Corp. and the U.S.
    Treasury(15)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    12
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Statement regarding computation of ratios
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    21
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Subsidiaries of CVB Financial Corp.(1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of KPMG LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of McGladrey&#160;&#038; Pullen, LLP
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Manatt, Phelps&#160;&#038; Phillips, LLP (included in
    Exhibit&#160;5.1 filed herewith)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Powers of Attorney (included in the signature pages to the
    Registration Statement)
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    To be filed by amendment.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    &#134;&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Indicates a management contract or compensation plan.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Except as noted below,
    <FONT style="white-space: nowrap">Form&#160;8-A12G,</FONT>
    <FONT style="white-space: nowrap">Form&#160;8-K,</FONT>
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    and Form&#160;DEF 14A identified in the exhibit index have SEC
    file number
    <FONT style="white-space: nowrap">000-10140.</FONT></TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    &#916;&#160;We have entered into the following trust preferred
    security issuances and agree to furnish a copy to the SEC upon
    request:</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    (a)&#160;Indenture dated as of December&#160;17, 2003 by and
    between CVB Financial Corp. and U.S. Bank, National Association,
    as Trustee (CVB Statutory Trust&#160;I).</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    (b)&#160;Indenture dated as of December&#160;5, 2003, by and
    between CVB Financial Corp. and Wells Fargo Bank, National
    Association, as Trustee (CVB Statutory Trust&#160;II).</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    (c)&#160;Indenture by and between CVB Financial Corp. and U.S.
    Bank, National Association, as Trustee, dated as of
    January&#160;31, 2006 (CVB Statutory Trust&#160;III).</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    (d)&#160;Indenture by and between FCB and Wells Fargo Bank,
    National Association, as Trustee, acquired on June&#160;22, 2007
    (FCB Statutory Trust&#160;II).</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    filed with the SEC on February&#160;27, 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our
    <FONT style="white-space: nowrap">Form&#160;8-A12G</FONT>
    filed with the SEC on June&#160;11, 2001.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our
    <FONT style="white-space: nowrap">Form&#160;8-A12G</FONT>
    filed with the SEC on June&#160;22, 2000.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on June&#160;7, 2006.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Filed as Exhibits&#160;10.3 to Registrant&#146;s Annual Report
    on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 1990, which is
    incorporated herein by this reference.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Filed as Exhibit&#160;10.13 to Registrant&#146;s Annual Report
    on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 1988, which is
    incorporated herein by this reference.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    filed with the SEC on May&#160;13, 1998, Commission file number
    1-10394.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Registration Statement
    on
    <FONT style="white-space: nowrap">Form&#160;S-8</FONT>
    filed with the SEC on July&#160;12, 2000, Commission file number
    <FONT style="white-space: nowrap">333-41198.</FONT></TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on May&#160;23, 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (10) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on January&#160;7, 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (11) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    filed with the SEC on March&#160;14, 2005.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (12) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on March&#160;24, 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (13) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    filed with the SEC on August&#160;8, 2007.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (14) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    filed with the SEC on March&#160;1, 2007.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (15) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on December&#160;8, 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (16) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Definitive Proxy
    Statement on Form&#160;DEF 14A filed with the SEC on April, 16,
    2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (17) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on April&#160;18, 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (18) </TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated herein by reference from our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the SEC on January&#160;2, 2009.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-9
</DIV><!-- END PAGE WIDTH -->
</BODY>
</HTML>
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{"company-data": {"conformed-name": "CVB FINANCIAL CORP", "cik": "0000354647", "assigned-sic": "6022", "irs-number": "953629339", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-1", "act": "33", "file-number": "333-159719", "film-number": "09872218"}, "business-address": {"street1": "701 N HAVEN AVE STE 300", "city": "ONTARIO", "state": "CA", "zip": "91764", "phone": "9099804030"}, "mail-address": {"street1": "701 N HAVEN AVENUE", "city": "ONTARIO", "state": "CA", "zip": "91764"}}
sv1
Table of Contents
As filed with the Securities and
    Exchange Commission on June 3, 2009
Registration
No. 333-
UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-1
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
CVB FINANCIAL CORP.
(Exact Name of Registrant as
    Specified in Its Charter)
California
6022
95-3629339
(State or other jurisdiction of
incorporation or organization)
(Primary Standard Industrial
Classification Code Number)
(I.R.S. Employer
Identification No.)
701 N. Haven Avenue,
    Suite 350
Ontario, California
    91764
(Address, including zip code,
    and telephone number, including area
code, of registrant's
    principal executive offices)
Christopher D. Myers
President and Chief Executive
    Officer
CVB Financial Corp.
701 N. Haven Avenue,
    Suite 350
Ontario, California
    91764
(909) 980-4030
(Name, address, including zip
    code, and telephone number,
including area code, of agent
    for service)
Copy to:
William T. Quicksilver, Esq.
Craig D. Miller, Esq.
Renee E. Becker, Esq.
Manatt, Phelps & Phillips, LLP
11355 West Olympic Blvd.
Los Angeles, California 90064
(310) 312-4000
(310) 312-4224 —
Facsimile
Gregg A. Noel, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
300 South Grand Avenue
Los Angeles, California 90071
(213) 687-5000
(213) 687-5600 — Facsimile
As soon as practicable after the
    effective date of this Registration Statement.
(Approximate date of commencement
    of proposed sale to the public)
If
    any of the securities being registered on this Form are to be
    offered on a delayed or continuous basis pursuant to
    Rule 415 under the Securities Act of 1933 check the
    following
    box.
o
If
    this Form is filed to register additional securities for an
    offering pursuant to Rule 462(b) under the Securities Act,
    please check the following box and list the Securities Act
    registration statement number of the earlier effective
    registration statement for the same
    offering.
o
If
    this Form is a post-effective amendment filed pursuant to
    Rule 462(c) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.
o
If
    this Form is a post-effective amendment filed pursuant to
    Rule 462(d) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.
o
Indicate
    by check mark whether the registrant is a large accelerated
    filer, an accelerated filer, a non-accelerated filer, or a
    smaller reporting company. See the definitions of "large
    accelerated filer," "accelerated filer" and
    "smaller reporting company" in
Rule 12b-2
of the Exchange Act (Check one):
Large
    accelerated
    filer
þ
Accelerated
    filer
o
Non-accelerated
    filer
o
Smaller reporting
    company
o
CALCULATION OF REGISTRATION
    FEE
Proposed Maximum
Title of Each Class of
Aggregate Offering
Amount of
Securities to be Registered
Price(1)(2)
Registration Fee
Common Stock, no par value
$115,000,000
$6,417
Rights to Purchase Series A Preferred Stock(3)
Total:
$115,000,000
$6,417
(1)
Estimated solely for the purpose of
    determining the amount of the registration fee in accordance
    with Rule 457(o) under the Securities Act of 1933, as
    amended.
(2)
Includes offering price of shares
    that the underwriters have the option to purchase to cover
    over-allotments, if any.
(3)
Associated with each share of the
    Common Stock of CVB Financial Corp. is one right to purchase one
    one-thousandth of a share of CVB Financial Corp. Series A
    Participating Preferred Stock (the "Series A Preferred
    Stock") that will not be exercisable or evidenced
    separately from the Common Stock prior to the occurrence of
    certain events. No separate consideration will be received by
    CVB Financial Corp. for the initial issuance of the rights to
    purchase the Series A Preferred Stock.
The Registrant hereby amends
    this Registration Statement on such date or dates as may be
    necessary to delay its effective date until the Registrant shall
    file a further amendment which specifically states that this
    Registration Statement shall thereafter become effective in
    accordance with Section 8(a) of the Securities Act of 1933,
    as amended, or until this Registration Statement shall become
    effective on such date as the Commission, acting pursuant to
    said Section 8(a), may determine.
Table of Contents
The
information in this prospectus is not complete and may be
changed. We may not sell these securities until the registration
statement filed with the Securities and Exchange Commission is
effective. This prospectus is not an offer to sell these
securities and it is not soliciting an offer to buy these
securities in any jurisdiction where the offer or sale is not
permitted.
SUBJECT TO COMPLETION, DATED
    JUNE 3, 2009
PRELIMINARY PROSPECTUS
l
Shares
Common Stock
We are
    offering
l
shares
    of our common stock, no par value per share. Our common stock is
    traded on the NASDAQ Global Select Market under the symbol
    "CVBF." On June 2, 2009, the last reported sale
    price of our common stock on the NASDAQ Global Select Market was
    $6.28 per share.
These shares of common stock are not savings accounts,
    deposits, or other obligations of our bank subsidiary or any of
    our non-bank subsidiaries and are not insured by the Federal
    Deposit Insurance Corporation or any other governmental
    agency.
Investing in our common stock involves risks. See "Risk
    Factors" beginning on page 5 to read about factors you
    should consider before buying our common stock.
Neither the Securities and Exchange Commission nor any state
    securities regulator has approved or disapproved of these
    securities or determined if this prospectus is truthful or
    complete. Any representation to the contrary is a criminal
    offense.
Per Share
Total
Public offering price
$
l
$
l
Underwriting discounts and commissions
$
l
$
l
Proceeds to CVB Financial Corp. (before expenses)
$
l
$
l
The underwriters also may purchase up to an
    additional
l
shares
    of our common stock within 30 days of the date of this
    prospectus to cover over-allotments, if any.
The underwriters expect to deliver the common stock in
    book-entry form only, through the facilities of The Depository
    Trust Company, against payment on or
    about
l
,
    2009.
Keefe,
    Bruyette & Woods
Sandler O'Neill + Partners, L.P.
The date of this prospectus
    is
l
,
    2009.
TABLE OF
    CONTENTS
Page
SPECIAL NOTE REGARDING FORWARD-LOOKING
    STATEMENTS
ii
ABOUT THIS PROSPECTUS
iv
WHERE YOU CAN FIND MORE INFORMATION
iv
PROSPECTUS SUMMARY
1
SUMMARY SELECTED CONSOLIDATED FINANCIAL
    INFORMATION
3
RISK FACTORS
5
USE OF PROCEEDS
15
CAPITALIZATION
16
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED
    DIVIDENDS
17
PRICE RANGE OF COMMON STOCK
17
DIVIDEND POLICY
18
DESCRIPTION OF CAPITAL STOCK
19
U.S. FEDERAL TAX CONSIDERATIONS FOR
NON-U.S.
HOLDERS OF OUR COMMON STOCK
29
CERTAIN ERISA CONSIDERATIONS
32
UNDERWRITING
33
LEGAL MATTERS
36
EXPERTS
36
EX-5.1
EX-12.1
EX-23.1
EX-23.2
i
Table of Contents
SPECIAL
    NOTE REGARDING FORWARD-LOOKING STATEMENTS
This prospectus and the documents incorporated herein by
    reference include "forward-looking statements" within
    the meaning of Section 27A of the Securities Act of 1933,
    as amended, and Section 21E of the Securities Exchange Act
    of 1934, as amended, or the Exchange Act. Words such as
    "aims," "anticipates," "believes,"
    "could," "estimates," "expects,"
    "hopes," "intends," "may,"
    "plans," "projects," "seeks,"
    "should," "will" and variations of these
    words and similar expressions are intended to identify these
    forward-looking statements. These forward-looking statements are
    subject to certain risks and uncertainties that could cause
    actual results to differ materially from our historical
    experience and our present expectations or projections. Factors
    that could cause actual results to differ from those discussed
    in the forward-looking statements include but are not limited to:
•
Local, regional, national and international economic conditions
    and events and the impact they may have on us and our customers;
•
Ability to attract deposits and other sources of liquidity;
•
Oversupply of inventory and continued deterioration in values of
    California real estate, both residential and commercial;
•
A prolonged slowdown in construction activity;
•
Changes in the financial performance
and/or
condition of our borrowers;
•
Changes in the level of non-performing assets and charge-offs;
•
Ability to repurchase our securities issued to the
    U.S. Treasury pursuant to its Capital Purchase Program;
•
The effect of changes in laws and regulations (including laws
    and regulations concerning taxes, banking, securities, executive
    compensation and insurance) with which we and our subsidiaries
    must comply;
•
Changes in estimates of future reserve requirements based upon
    the periodic review thereof under relevant regulatory and
    accounting requirements;
•
Inflation, interest rate, securities market and monetary
    fluctuations;
•
Political instability;
•
Acts of war or terrorism, or natural disasters, such as
    earthquakes, or the effects of pandemic flu;
•
The timely development and acceptance of new banking products
    and services and perceived overall value of these products and
    services by users;
•
Changes in consumer spending, borrowing and savings habits;
•
Technological changes;
•
The ability to increase market share and control expenses;
•
Changes in the competitive environment among financial and bank
    holding companies and other financial service providers;
•
Continued volatility in the credit and equity markets and its
    effect on the general economy;
•
The effect of changes in accounting policies and practices, as
    may be adopted by the regulatory agencies, as well as the Public
    Company Accounting Oversight Board, the Financial Accounting
    Standards Board and other accounting standard setters;
•
Changes in our organization, management, compensation and
    benefit plans;
•
The costs and effects of legal and regulatory developments
    including the resolution of legal proceedings or regulatory or
    other governmental inquiries and the results of regulatory
    examinations or reviews; and
•
Our success at managing the risks involved in the foregoing
    items.
ii
Table of Contents
The forward-looking statements are based upon management's
    beliefs and assumptions and are made as of the date of this
    prospectus. We undertake no obligation to publicly update or
    revise any forward-looking statements included or incorporated
    by reference in this prospectus or to update the reasons why
    actual results could differ from those contained in such
    statements, whether as a result of new information, future
    events or otherwise, except to the extent required by federal
    securities laws. Forward-looking statements may be contained in
    this prospectus (and the documents incorporated by reference
    herein) under "Risk Factors," or may be contained in
    our Annual Report on
Form 10-K
or in our Quarterly Reports on
Form 10-Q
under headings such as "Management's Discussion and
    Analysis of Financial Conditions and Results of Operations"
    and "Business," or in our Current Reports on
Form 8-K,
among other places. Any investor in us should consider all risks
    and uncertainties disclosed in our filings with the Securities
    and Exchange Commission, or the SEC, described below under the
    heading "Where You Can Find More Information," all of
    which are accessible on the SEC's website at
www.sec.gov
.
iii
Table of Contents
ABOUT
    THIS PROSPECTUS
You should rely only on the information contained or
    incorporated by reference in this prospectus. We have not, and
    the underwriters have not, authorized any person to provide you
    with different or inconsistent information. If anyone provides
    you with different or inconsistent information, you should not
    rely on it. We are not, and the underwriters are not, making an
    offer to sell these securities in any jurisdiction where the
    offer or sale is not permitted. You should assume that the
    information appearing in this prospectus and the documents
    incorporated by reference is accurate only as of their
    respective dates. CVB Financial Corp.'s business, financial
    condition, results of operations and prospects may have changed
    since such dates.
Unless otherwise indicated or unless the context requires
    otherwise, all references in this prospectus to "CVB
    Financial Corp.," the "Company," "we,"
    "us," "our," or similar references, mean CVB
    Financial Corp. and its subsidiaries on a consolidated basis.
    References to "Citizens Business Bank" or the
    "Bank" means our wholly owned banking subsidiary.
WHERE YOU
    CAN FIND MORE INFORMATION
We file annual, quarterly, and current reports, proxy statements
    and other information with the SEC. Our SEC filings are
    available to the public over the Internet at the SEC's web
    site at www.sec.gov and on the investor relations page of our
    website at www.cbbank.com. Information on our web site is not
    part of this prospectus. You may also read and copy any document
    we file with the SEC at its public reference facilities at
    100 F Street N.E., Washington, D.C. 20549. You
    can also obtain copies of the documents upon the payment of a
    duplicating fee to the SEC. Please call the SEC at
1-800-SEC-0330
for further information on the operation of the public reference
    facilities.
This prospectus omits some information contained in the
    registration statement in accordance with SEC rules and
    regulations. You should review the information and exhibits
    included in the registration statement for further information
    about us and the securities we are offering. Statements in this
    prospectus concerning any document we filed as an exhibit to the
    registration statement or that we otherwise filed with the SEC
    are not intended to be comprehensive and are qualified by
    reference to these filings. You should review the complete
    document to evaluate these statements.
The SEC allows us to "incorporate by reference"
    information we file with it, which means that we can disclose
    important information to you by referring you to other
    documents. The information incorporated by reference is
    considered to be a part of this prospectus. Information
    contained in this prospectus supersedes information incorporated
    by reference that we have filed with the SEC prior to the date
    of this prospectus.
We incorporate by reference the following documents listed
    below, except to the extent that any information contained in
    such filings is deemed "furnished" in accordance with
    SEC rules:
•
Our Annual Report on
Form 10-K
for the fiscal year ended December 31, 2008, filed with the
    SEC on February 27, 2009, including portions incorporated
    by reference therein to our Definitive Proxy Statement on
    Schedule 14A, filed with the SEC on April 7, 2009;
•
Our Quarterly Report on
Form 10-Q
for the fiscal quarter ended March 31, 2009, as filed with
    the SEC on May 7, 2009; and
•
Our Current Reports on
Form 8-K
filed with the SEC on January 2, 2009, January 7,
    2009, January 27, 2009 and February 26, 2009.
These documents contain important information about us, our
    business and our financial condition. You may request a copy of
    these filings, at no cost, by writing or telephoning us at:
CVB
    Financial Corp.
701 N. Haven Avenue, Suite 350
Ontario, California 91764
(909) 980-4030
iv
Table of Contents
PROSPECTUS
    SUMMARY
This summary highlights selected information contained
    elsewhere or incorporated by reference in this prospectus and
    may not contain all the information that you need to consider in
    making your investment decision. You should carefully read this
    entire prospectus, as well as the information to which we refer
    you and the information incorporated by reference herein, before
    deciding whether to invest in the common stock. You should pay
    special attention to the "Risk Factors" section of
    this prospectus to determine whether an investment in the common
    stock is appropriate for you.
About CVB
    Financial Corp.
CVB Financial Corp., a California corporation organized in 1981,
    is a bank holding company registered under the Bank Holding
    Company Act of 1956, as amended. We focus on providing a wide
    range of banking, investing and trust services through our
    wholly owned banking subsidiary, Citizens Business Bank, which
    is our principal asset. Citizens Business Bank, which has
    conducted business since 1974, is a California state-chartered
    bank headquartered in Ontario, California. Citizens Business
    Bank is the largest financial institution headquartered in the
    Inland Empire region of Southern California, based on assets. As
    of March 31, 2009, the Bank serves 40 cities with
    43 business financial centers and 5 commercial banking
    centers in the Inland Empire, Los Angeles County, Orange County
    and the Central Valley areas of California. Its leasing
    division, Citizens Financial Services, provides vehicle leasing,
    equipment leasing and real estate loan services.
As of March 31, 2009, we had consolidated total assets of
    $6.42 billion, total deposits of $3.79 billion, and
    loans and leases totaling $3.66 billion. Through our
    network of banking offices, we emphasize personalized service
    combined with a full range of banking and trust services for
    businesses, professionals and individuals located in the service
    areas of our offices. Although we focus the marketing of our
    services to small-and medium-sized businesses, a full range of
    retail banking services are made available to the local consumer
    market.
As a bank holding company, we are subject to the supervision of
    the Board of Governors of the Federal Reserve System, or the
    Federal Reserve. We are required to file with the Federal
    Reserve reports and other information regarding our business
    operations and the business operations of our subsidiaries. As a
    California chartered bank, Citizens Business Bank is subject to
    primary supervision, periodic examination, and regulation by the
    California Department of Financial Institutions, and by the
    Federal Deposit Insurance Corporation, or the FDIC, as its
    primary federal regulator.
Our principal executive office is located at 701 North Haven
    Avenue, Suite 350, Ontario, California 91764, telephone
    number:
(909) 980-4030.
Risk
    Factors
An investment in our common stock involves certain risks. You
    should carefully consider the risks described under "Risk
    Factors" beginning on page 5 of this prospectus, as
    well as other information included or incorporated by reference
    into this prospectus, including our financial statements and the
    notes thereto, before making an investment decision.
1
Table of Contents
The
    Offering
The following summary of the offering contains basic
    information about the offering and the common stock and is not
    intended to be complete. It does not contain all the information
    that is important to you. For a more complete understanding of
    the common stock, please refer to the section of this prospectus
    entitled "Description of Capital Stock."
Issuer
CVB Financial Corp., a California corporation.
Common stock offered
l
shares
    of common stock, no par value.
Over-allotment option
We have granted the underwriters an option to purchase up to an
    additional
l
shares of common stock within 30 days of the date of this
    prospectus in order to cover over-allotments, if any.
Common stock outstanding after this
offering
l
shares
    of common stock. (1)(2)
Use of Proceeds
We intend to use the proceeds from the sale of our common stock,
    along with other funds, to redeem all of the 130,000 shares
    of Fixed Rate Cumulative Perpetual Preferred Stock,
    Series B, or Series B Preferred Stock, and to
    repurchase the ten-year warrant to purchase up to
    1,669,521 shares of our common stock, previously sold to
    the U.S. Department of the Treasury, or the U.S. Treasury,
    under its Capital Purchase Program. The approvals of the U.S.
    Treasury and our banking regulators are required for the
    repurchase of these securities. If we do not receive the
    necessary regulatory approvals to repurchase the Series B
    Preferred Stock and the related warrant, or our board of
    directors subsequently determines not to repurchase the
    Series B Preferred Stock and the related warrant, we will
    use the net proceeds of this offering for general corporate
    purposes and may contribute some portion of the net proceeds to
    the capital of the Bank, which will use such amount for its
    general corporate purposes.
Market and trading symbol for the common
stock
Our common stock is listed and traded on the NASDAQ Global
    Select Market under the symbol "CVBF."
(1)
The number of shares of common stock outstanding immediately
    after the closing of this offering is based
    on
l
shares
    of common stock outstanding as
    of
l
,
    2009.
(2)
Unless otherwise indicated, the number of shares of common stock
    presented in this prospectus excludes shares issuable pursuant
    to the exercise of the underwriters' over-allotment option,
    3,495,391 shares of common stock issuable under our stock
    compensation plans and 1,669,521 shares of common stock
    issuable upon the exercise of the warrant held by the U.S.
    Treasury.
2
Table of Contents
SUMMARY
    SELECTED CONSOLIDATED FINANCIAL INFORMATION
You should read the summary selected consolidated financial
    information presented below in conjunction with the
    "Management's Discussion and Analysis of Financial
    Condition and Results of Operations" and our financial
    statements and the notes to those financial statements appearing
    in our Annual Report on
Form 10-K
for the fiscal year ended December 31, 2008, which is
    incorporated by reference in this prospectus.
The following tables set forth selected consolidated financial
    data for us at and for each of the years in the five-year period
    ended December 31, 2008 and at and for the three month
    periods ended March 31, 2009 and 2008.
The selected statement of income data for the years ended
    December 31, 2008, 2007 and 2006, and the selected
    statement of financial condition data as of December 31,
    2008 and 2007, have been derived from our audited financial
    statements included in our Annual Report on
Form 10-K
for the fiscal year ended December 31, 2008, which is
    incorporated by reference in this prospectus. The selected
    statement of income data for the years ended December 31,
    2005 and 2004 and the summary statement of financial condition
    data as of December 31, 2006, 2005 and 2004 have been
    derived from our audited financial statements that are not
    included in this prospectus.
The summary financial data at and for the three months ended
    March 31, 2009 and 2008 have been derived from our
    unaudited interim financial statements included in our Quarterly
    Reports on
Form 10-Q
for the fiscal quarters ended March 31, 2009 and
    March 31, 2008, respectively, and are incorporated by
    reference in this prospectus. These unaudited interim financial
    statements include all adjustments (consisting only of normal
    recurring adjustments) that we consider necessary for a fair
    presentation of our financial condition and results of
    operations as of the dates and for the periods indicated.
    Historical results are not necessarily indicative of future
    results and the results for the three months ended
    March 31, 2009, are not necessarily indicative of our
    expected results for the full year ending December 31, 2009.
At or For the Three
Months Ended March 31,
At or For The Year Ended December 31,
2009
2008
2008
2007
2006
2005
2004
(Amounts and numbers in thousands except per share
    amounts)
Interest Income
$
78,962
$
83,219
$
332,518
$
341,277
$
316,091
$
246,884
$
197,257
Interest Expense
23,670
39,089
138,839
180,135
147,464
77,436
46,517
Net Interest Income
55,292
44,130
193,679
161,142
168,627
169,448
150,740
Provision for Credit Losses
22,000
1,700
26,600
4,000
3,000
—
—
Other Operating Income
16,357
8,140
34,457
31,325
33,258
27,505
27,907
Other Operating Expenses
31,397
28,399
115,788
105,404
95,824
90,053
89,722
Earnings Before Income Taxes
18,252
22,171
85,748
83,063
103,061
106,900
88,925
Income Taxes
5,084
5,987
22,675
22,479
32,481
36,710
27,698
NET EARNINGS
$
13,168
$
16,184
$
63,073
$
60,584
$
70,580
$
70,190
$
61,227
Basic Earnings Per Common Share(1)
$
0.13
$
0.19
$
0.75
$
0.72
$
0.84
$
0.83
$
0.74
Diluted Earnings Per Common Share(1)
$
0.13
$
0.19
$
0.75
$
0.72
$
0.83
$
0.83
$
0.73
Cash Dividends Declared Per Common Share
$
0.085
$
0.085
$
0.340
$
0.340
$
0.355
$
0.420
$
0.480
Cash Dividends Paid on Common Shares
7,083
7,093
28,317
28,479
27,876
27,963
23,821
Dividend Pay-Out Ratio(3)
53.79
%
43.83
%
44.90
%
47.01
%
39.50
%
39.84
%
38.91
%
Weighted Average Common Shares(1):
Basic
83,174,373
83,151,328
83,120,817
83,600,316
84,154,216
84,139,254
83,221,496
Diluted
83,303,201
83,521,594
83,335,503
84,005,941
84,813,875
84,911,893
84,258,933
Common Stock Data:
Common Shares Outstanding(1)
83,326,511
83,095,678
83,270,263
83,164,906
84,281,722
84,073,227
83,416,193
Book Value Per Share(1)
$
6.05
$
5.44
$
5.92
$
5.11
$
4.60
$
4.07
$
3.81
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Table of Contents
At or For the Three
Months Ended March 31,
At or For The Year Ended December 31,
2009
2008
2008
2007
2006
2005
2004
(Amounts and numbers in thousands except per share
    amounts)
Financial Position:
Assets
$
6,416,089
$
6,374,802
$
6,649,651
$
6,293,963
$
6,092,248
$
5,422,283
$
4,510,752
Investment Securities Available-for-Sale
2,319,051
2,546,367
2,493,476
2,390,566
2,582,902
2,369,892
2,085,014
Net Loans(4)
3,593,104
3,357,481
3,682,878
3,462,095
3,042,459
2,640,660
2,117,580
Deposits
3,785,265
3,260,668
3,508,156
3,364,349
3,406,808
3,424,045
2,875,039
Borrowings
1,812,516
2,362,353
2,345,473
2,339,809
2,139,250
1,496,000
1,186,000
Junior Subordinated Debentures
115,055
115,055
115,055
115,055
108,250
82,476
82,746
Stockholders' Equity
626,361
451,789
614,892
424,948
387,325
342,189
317,224
Equity-to-Assets Ratio(2)
9.76
%
7.09
%
9.25
%
6.75
%
6.36
%
6.31
%
7.03
%
Financial Performance:
Net Income to Beginning Equity
8.68
%
15.32
%
14.84
%
15.64
%
20.63
%
22.13
%
21.35
%
Net Income to Average Equity (ROE)
8.56
%
14.91
%
13.75
%
15.00
%
19.45
%
20.77
%
20.25
%
Net Income to Average Assets (ROA)
0.81
%
1.05
%
0.99
%
1.00
%
1.22
%
1.44
%
1.46
%
Net Interest Margin (TE)(5)
3.75
%
3.25
%
3.41
%
3.03
%
3.30
%
3.86
%
3.99
%
Efficiency Ratio(6)
63.24
%
56.16
%
57.45
%
55.93
%
48.18
%
45.72
%
50.22
%
Credit Quality:
Allowance for Credit Losses
$
65,755
$
34,711
$
53,960
$
33,049
$
27,737
$
23,204
$
22,494
Allowance/Total Loans
1.80
%
1.02
%
1.44
%
0.95
%
0.90
%
0.87
%
1.05
%
Total Non-Accrual Loans
$
48,037
$
2,707
$
17,684
$
1,435
$
—
$
—
$
2
Non-Accrual Loans/Total Loans
1.31
%
0.08
%
0.47
%
0.04
%
0.00
%
0.00
%
0.00
%
Allowance/Non-Accrual Loans
136.88
%
1282.27
%
305.13
%
2,303
%
—
—
—
Net (Recoveries)/Charge-offs
$
10,205
$
38
$
5,689
$
1,358
$
(1,533
)
$
46
$
(1,212
)
Net (Recoveries)/Charge-Offs/Average Loans
0.28
%
0.00
%
0.16
%
0.04
%
−0.05
%
0.00
%
−0.06
%
Regulatory Capital Ratios
For the Company:
Leverage Ratio
9.8
%
7.7
%
9.8
%
7.6
%
7.8
%
7.7
%
8.3
%
Tier 1 Capital
14.6
%
11.4
%
14.2
%
11.0
%
12.2
%
11.3
%
12.6
%
Total Capital
16.0
%
12.4
%
15.5
%
12.0
%
13.0
%
12.0
%
13.4
%
For the Bank:
Leverage Ratio
9.7
%
7.4
%
9.7
%
7.1
%
7.0
%
7.3
%
7.8
%
Tier 1 Capital
14.4
%
11.0
%
13.9
%
10.5
%
11.0
%
10.8
%
11.9
%
Total Capital
15.7
%
11.9
%
15.2
%
11.3
%
11.8
%
11.5
%
12.7
%
(1)
All per share information has been retroactively adjusted to
    reflect the 10% stock dividend declared December 20, 2006
    and paid January 19, 2007, the
5-for-4
stock split declared on December 21, 2005, which became
    effective January 10, 2006, and the
5-for-4
stock split declared December 15, 2004, which became
    effective December 29, 2004. Cash dividends declared per
    share are not restated in accordance with generally accepted
    accounting principles.
(2)
Stockholders' equity divided by total assets.
(3)
Cash dividends divided by net earnings.
(4)
Net of deferred fees and allowance for credit losses.
(5)
Net interest income (TE) divided by total average earning assets.
(6)
Noninterest expense divided by total revenue (net interest
    income, after provision for credit losses, and other operating
    income).
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Table of Contents
RISK
    FACTORS
An investment in our common stock involves certain risks.
    Before making an investment decision, you should read carefully
    and consider the risk factors below relating to this offering.
    You should also refer to other information contained in or
    incorporated by reference in this prospectus and any applicable
    prospectus supplement, including our financial statements and
    the related notes incorporated by reference herein. Additional
    risks and uncertainties not presently known to us at this time
    or that we currently deem immaterial may also materially and
    adversely affect our business and operations.
Risks
    Relating to Recent Economic Conditions and Governmental Response
    Efforts
Difficult
    economic and market conditions have adversely affected our
    industry.
Dramatic declines in the housing market, with decreasing home
    prices and increasing delinquencies and foreclosures, have
    negatively impacted the credit performance of mortgage and
    construction loans and resulted in significant write-downs of
    assets by many financial institutions. General downward economic
    trends, reduced availability of commercial credit and increasing
    unemployment have negatively impacted the credit performance of
    commercial and consumer credit, resulting in additional
    write-downs. Concerns over the stability of the financial
    markets and the economy have resulted in decreased lending by
    financial institutions to their customers and to each other.
    This market turmoil and tightening of credit has led to
    increased commercial and consumer deficiencies, lack of customer
    confidence, increased market volatility and widespread reduction
    in general business activity. Financial institutions have
    experienced decreased access to deposits and borrowings. The
    resulting economic pressure on consumers and businesses and the
    lack of confidence in the financial markets may adversely affect
    our business, financial condition, results of operations and
    stock price. We do not expect that the difficult conditions in
    the financial markets are likely to improve in the near future.
    A worsening of these conditions would likely exacerbate the
    adverse effects of these difficult market conditions on us and
    others in the financial institutions industry. In particular, we
    may face the following risks in connection with these events:
•
We potentially face increased regulation of our industry.
    Compliance with such regulation may increase our costs and limit
    our ability to pursue business opportunities.
•
The process we use to estimate losses inherent in our credit
    exposure requires difficult, subjective and complex judgments,
    including forecasts of economic conditions and how these
    economic conditions might impair the ability of our borrowers to
    repay their loans. The level of uncertainty concerning economic
    conditions may adversely affect the accuracy of our estimates
    which may, in turn, impact the reliability of the process.
•
The value of the portfolio of investment securities that we hold
    may be adversely affected.
•
We may be required to pay significantly higher FDIC premiums
    because market developments have significantly depleted the
    insurance fund of the FDIC and reduced the ratio of reserves to
    insured deposits.
If current levels of market disruption and volatility continue
    or worsen, there can be no assurance that we will not experience
    an adverse effect, which may be material, on our business,
    financial condition and results of operations.
Recent legislative and regulatory initiatives to address
    difficult market and economic conditions may not stabilize the
    U.S. banking system. On October 3, 2008, President
    Bush signed into law the Emergency Economic Stabilization Act of
    2008, or the Emergency Economic Stabilization Act, in response
    to the current crisis in the financial sector. The
    U.S. Treasury and banking regulators have implemented a
    number of programs under this legislation to address capital and
    liquidity issues in the banking system. On February 17,
    2009, President Obama signed into law the American Recovery and
    Reinvestment Act of 2009, or the American Recovery and
    Reinvestment Act. There can be no assurance, however, as to the
    actual impact that the Emergency Economic Stabilization Act or
    the American Recovery and Reinvestment Act will have on the
    financial markets, including the extreme levels of volatility
    and limited credit availability currently being experienced. The
    failure of the Emergency Economic Stabilization Act or American
    Recovery and Reinvestment Act to help stabilize the financial
    markets and
5
Table of Contents
a continuation or worsening of current financial market
    conditions could have a material, adverse effect on our
    business, financial condition, results of operations, access to
    credit or the value of our securities.
U.S.
    and international financial markets and economic conditions
    could adversely affect our liquidity, results of operations and
    financial condition.
Recent turmoil and downward economic trends have been
    particularly acute in the financial sector. Although we remain
    well capitalized and have not suffered any significant liquidity
    issues as a result of these recent events, the cost and
    availability of funds may be adversely affected by illiquid
    credit markets and the demand for our products and services may
    decline as our borrowers and customers realize the impact of an
    economic slowdown and recession. In view of the concentration of
    our operations and the collateral securing our loan portfolio in
    Central and Southern California, we may be particularly
    susceptible to the adverse economic conditions in the state of
    California where our business is concentrated. In addition, the
    severity and duration of these adverse conditions is unknown and
    may exacerbate our exposure to credit risk and adversely affect
    the ability of borrowers to perform under the terms of their
    lending arrangements with us.
We may
    be required to make additional provisions for loan losses and
    charge off additional loans in the future, which could adversely
    affect our results of operations.
For the quarter ended March 31, 2009, we recorded a
    $22 million provision for credit losses and charged off
    $10.2 million, net of $99,000 in recoveries. For the year
    ended December 31, 2008, we recorded a $26.6 million
    provision for credit losses and charged off $5.7 million,
    net of $348,000 in recoveries. There has been a significant
    slowdown in the housing market in portions of Los Angeles,
    Riverside, San Bernardino and Orange counties and the
    Central Valley area of California where a majority of our loan
    customers are based. This slowdown reflects declining prices and
    excess inventories of homes to be sold, which has contributed to
    financial strain on home builders and suppliers. As of
    March 31, 2009, we had $2.3 billion in real estate
    loans and $0.33 billion in construction loans. Continuing
    deterioration in the real estate market generally and in the
    residential building segment in particular could result in
    additional loan charge-offs and provisions for credit losses in
    the future, which could have a material adverse effect on our
    financial condition, net income and capital.
Declines
    in commodity prices may adversely affect our results of
    operations.
As of March 31, 2009, approximately 11% of our loan
    portfolio was comprised of dairy and livestock loans. Our dairy
    and livestock loans are made to borrowers both within and
    outside of our Central and Southern California branch footprint.
    Recent declines in commodity prices, including milk prices,
    could adversely impact the ability of those to whom we have made
    dairy and livestock loans to perform under the terms of their
    borrowing arrangements with us. In particular, declines in
    commodity prices could result in additional loan charge-offs and
    provisions for credit losses in the future, which could have a
    material adverse effect on our financial condition, net income
    and capital.
Risks
    Related to Our Market and Business
Our
    allowance for credit losses may not be adequate to cover actual
    losses.
A significant source of risk arises from the possibility that we
    could sustain losses because borrowers, guarantors, and related
    parties may fail to perform in accordance with the terms of
    their loans and leases. The underwriting and credit monitoring
    policies and procedures that we have adopted to address this
    risk may not prevent unexpected losses that could have a
    material adverse effect on our business, financial condition,
    results of operations and cash flows. We maintain an allowance
    for credit losses to provide for loan and lease defaults and
    non-performance. The allowance is also appropriately increased
    for new loan growth. While we believe that our allowance for
    credit losses is adequate to cover inherent losses, we cannot
    assure you that we will not increase the allowance for credit
    losses further or that regulators will not require us to
    increase this allowance.
6
Table of Contents
Liquidity
    risk could impair our ability to fund operations and jeopardize
    our financial condition.
Liquidity is essential to our business. An inability to raise
    funds through deposits, borrowings, the sale of loans and other
    sources could have a material adverse effect on our liquidity.
    Our access to funding sources in amounts adequate to finance our
    activities could be impaired by factors that affect us
    specifically or the financial services industry in general.
    Factors that could detrimentally impact our access to liquidity
    sources include a decrease in the level of our business activity
    due to a market downturn or adverse regulatory action against
    us. Our ability to acquire deposits or borrow could also be
    impaired by factors that are not specific to us, such as a
    severe disruption of the financial markets or negative views and
    expectations about the prospects for the financial services
    industry as a whole as the recent turmoil faced by banking
    organizations in the domestic and worldwide credit markets
    deteriorates.
Our
    loan portfolio is predominantly secured by real estate and thus
    we have a higher degree of risk from a downturn in our real
    estate markets.
A further downturn in our real estate markets could hurt our
    business because many of our loans are secured by real estate.
    Real estate values and real estate markets are generally
    affected by changes in national, regional or local economic
    conditions, fluctuations in interest rates and the availability
    of loans to potential purchasers, changes in tax laws and other
    governmental statutes, regulations and policies and acts of
    nature, such as earthquakes and national disasters particular to
    California. Substantially all of our real estate collateral is
    located in California. If real estate values continue to further
    decline, the value of real estate collateral securing our loans
    could be significantly reduced. Our ability to recover on
    defaulted loans by foreclosing and selling the real estate
    collateral would then be diminished and we would be more likely
    to suffer losses on defaulted loans.
We are
    exposed to risk of environmental liabilities with respect to
    properties to which we take title.
In the course of our business, we may foreclose and take title
    to real estate, and could be subject to environmental
    liabilities with respect to these properties. We may be held
    liable to a governmental entity or to third parties for property
    damage, personal injury, investigation and
clean-up
costs incurred by these parties in connection with environmental
    contamination, or may be required to investigate or
clean-up
hazardous or toxic substances, or chemical releases at a
    property. The costs associated with investigation or remediation
    activities could be substantial. In addition, if we are the
    owner or former owner of a contaminated site, we may be subject
    to common law claims by third parties based on damages and costs
    resulting from environmental contamination emanating from the
    property. If we become subject to significant environmental
    liabilities, our business, financial condition, results of
    operations and prospects could be adversely affected.
We may
    experience goodwill impairment.
If our estimates of segment fair value change due to changes in
    our businesses or other factors, we may determine that
    impairment charges on goodwill recorded as a result of
    acquisitions are necessary. Estimates of fair value are
    determined based on our earnings and our fair value as
    determined by our stock price. If our fair value declines, we
    may need to recognize goodwill impairment in the future which
    would have a material adverse affect on our results of
    operations and capital levels.
Our
    business is subject to interest rate risk and variations in
    interest rates may negatively affect our financial
    performance.
A substantial portion of our income is derived from the
    differential or "spread" between the interest earned
    on loans, securities and other interest-earning assets, and
    interest paid on deposits, borrowings and other interest-bearing
    liabilities. Because of the differences in the maturities and
    repricing characteristics of our interest-earning assets and
    interest-bearing liabilities, changes in interest rates do not
    produce equivalent changes in interest income earned on
    interest-earning assets and interest paid on interest-bearing
    liabilities. At March 31, 2009, our balance sheet was
    liability sensitive and, as a result, our net interest margin
    tends to decline in a rising interest rate environment and
    expand in a declining interest rate environment. Accordingly,
    fluctuations in interest rates could adversely affect our
    interest rate spread and, in turn, our profitability. In
    addition, loan origination volumes are
7
Table of Contents
affected by market interest rates. Higher interest rates,
    generally, are associated with a lower volume of loan
    originations while lower interest rates are usually associated
    with higher loan originations. Conversely, in rising interest
    rate environments, loan repayment rates may decline and in
    falling interest rate environments, loan repayment rates may
    increase. In addition, in a rising interest rate environment, we
    may need to accelerate the pace of rate increases on our deposit
    accounts as compared to the pace of future increases in
    short-term market rates. Accordingly, changes in levels of
    market interest rates could materially and adversely affect our
    net interest spread, asset quality and loan origination volume.
We are
    subject to extensive government regulation that could limit or
    restrict our activities, which, in turn, may hamper our ability
    to increase our assets and earnings.
Our operations are subject to extensive regulation by federal,
    state and local governmental authorities and are subject to
    various laws and judicial and administrative decisions imposing
    requirements and restrictions on part or all of our operations.
    Because our business is highly regulated, the laws, rules,
    regulations and supervisory guidance and policies applicable to
    us are subject to regular modification and change. Perennially,
    various laws, rules and regulations are proposed, which, if
    adopted, could impact our operations by making compliance much
    more difficult or expensive, restricting our ability to
    originate or sell loans or further restricting the amount of
    interest or other charges or fees earned on loans or other
    products.
The
    short term and long term impact of the Basel II capital
    standards and the forthcoming new capital rules to be proposed
    for non-Basel II U.S. banks is uncertain.
As a result of the recent deterioration in the global credit
    markets and the potential impact of increased liquidity risk and
    interest rate risk, it is unclear what the short term impact of
    the implementation of Basel II may be or what impact a
    pending alternative standardized approach to Basel II
    option for non-Basel II U.S. banks may have on the
    cost and availability of different types of credit and the
    potential compliance costs of implementing the new capital
    standards.
Failure
    to manage our growth may adversely affect our
    performance.
Our financial performance and profitability depend on our
    ability to manage past and possible future growth. Future
    acquisitions and our continued growth may present operating,
    integration and other issues that could have a material adverse
    effect on our business, financial condition, results of
    operations and cash flows.
We
    face strong competition from financial services companies and
    other companies that offer banking services.
We conduct most of our operations in California. The banking and
    financial services businesses in California are highly
    competitive and increased competition in our primary market area
    may adversely impact the level of our loans and deposits.
    Ultimately, we may not be able to compete successfully against
    current and future competitors. These competitors include
    national banks, foreign banks, regional banks and other
    community banks. We also face competition from many other types
    of financial institutions, including savings and loan
    associations, finance companies, brokerage firms, insurance
    companies, credit unions, mortgage banks and other financial
    intermediaries. In particular, our competitors include major
    financial companies whose greater resources may afford them a
    marketplace advantage by enabling them to maintain numerous
    locations and mount extensive promotional and advertising
    campaigns. Areas of competition include interest rates for loans
    and deposits, efforts to obtain loan and deposit customers and a
    range in quality of products and services provided, including
    new technology driven products and services. If we are unable to
    attract and retain banking customers, we may be unable to
    continue our loan growth and level of deposits.
We
    rely on communications, information, operating and financial
    control systems technology from third-party service providers,
    and we may suffer an interruption in those
    systems.
We rely heavily on third-party service providers for much of our
    communications, information, operating and financial control
    systems technology, including our internet banking services and
    data processing systems. Any
8
Table of Contents
failure or interruption of these services or systems or breaches
    in security of these systems could result in failures or
    interruptions in our customer relationship management, general
    ledger, deposit, servicing
and/or
loan
    origination systems. The occurrence of any failures or
    interruptions may require us to identify alternative sources of
    such services, and we cannot assure you that we could negotiate
    terms that are as favorable to us, or could obtain services with
    similar functionality as found in our existing systems without
    the need to expend substantial resources, if at all.
We are
    dependent on key personnel and the loss of one or more of those
    key personnel may materially and adversely affect our
    prospects.
Competition for qualified employees and personnel in the banking
    industry is intense and there are a limited number of qualified
    persons with knowledge of, and experience in, the California
    community banking industry. The process of recruiting personnel
    with the combination of skills and attributes required to carry
    out our strategies is often lengthy. In addition, the American
    Recovery and Reinvestment Act has imposed significant
    limitations on executive compensation for recipients, such as
    us, of funds under the U.S. Treasury's Troubled Asset
    Relief Program, or TARP, Capital Purchase Program, which may
    make it more difficult for us to retain and recruit key
    personnel. Our success depends to a significant degree upon our
    ability to attract and retain qualified management, loan
    origination, finance, administrative, marketing and technical
    personnel and upon the continued contributions of our management
    and personnel. In particular, our success has been and continues
    to be highly dependent upon the abilities of key executives,
    including our President, and certain other employees. In
    addition, our success has been and continues to be highly
    dependent upon the services of our directors, many of whom are
    at or nearing retirement age, and we may not be able to identify
    and attract suitable candidates to replace such directors.
Managing
    reputational risk is important to attracting and maintaining
    customers, investors and employees.
Threats to our reputation can come from many sources, including
    adverse sentiment about financial institutions generally,
    unethical practices, employee misconduct, failure to deliver
    minimum standards of service or quality, compliance
    deficiencies, and questionable or fraudulent activities of our
    customers. We have policies and procedures in place to protect
    our reputation and promote ethical conduct, but these policies
    and procedures may not be fully effective. Negative publicity
    regarding our business, employees, or customers, with or without
    merit, may result in the loss of customers, investors and
    employees, costly litigation, a decline in revenues and
    increased governmental regulation.
The
    terms of our outstanding preferred stock limit our ability to
    pay dividends on and repurchase our common stock.
The Purchase Agreement between us and the U.S. Treasury,
    pursuant to which we sold $130 million of our Series B
    Preferred Stock and issued a warrant to purchase up to
    1,669,521 shares of our common stock provides that prior to
    the earlier of (i) December 5, 2011 and (ii) the
    date on which all of the shares of the Series B Preferred
    Stock have been redeemed by us or transferred by the
    U.S. Treasury to third parties, we may not, without the
    consent of the U.S. Treasury, (a) increase the
    quarterly cash dividend on our common stock above $0.085 per
    share, the amount of the last quarterly cash dividend per share
    declared prior to October 14, 2008 or (b) subject to
    limited exceptions, redeem, repurchase or otherwise acquire
    shares of our common stock or preferred stock other than the
    Series B Preferred Stock. In addition, we are unable to pay
    any dividends on our common stock unless we are current in our
    dividend payments on the Series B Preferred Stock. These
    restrictions, together with the potentially dilutive impact of
    the warrant issued to the U.S. Treasury could have a
    negative effect on the value of our common stock.
Our
    outstanding preferred stock impacts net income available to our
    common stockholders and earnings per common share, and the
    warrant issued to the U.S. Treasury as well as other potential
    issuances of equity securities may be dilutive to holders of our
    common stock.
The dividends declared and the accretion on our outstanding
    preferred stock will reduce the net income available to common
    stockholders and our earnings per common share. Our outstanding
    preferred stock will also receive preferential treatment in the
    event of our liquidation, dissolution or winding up.
    Additionally, the ownership interest of the existing holders of
    our common stock will be diluted to the extent the warrant
    issued to the
9
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U.S. Treasury is exercised. The shares of common stock
    underlying the warrant represent approximately 2.0% of the
    shares of our common stock outstanding as of March 31, 2009
    (including the shares issuable upon exercise of the warrant in
    total shares outstanding). Although the U.S. Treasury has
    agreed not to vote any of the shares of common stock it receives
    upon exercise of the warrant, a transferee of any portion of the
    warrant or of any shares of common stock acquired upon exercise
    of the warrant is not bound by this restriction. In addition, to
    the extent options to purchase common stock under our employee
    and director stock option plans are exercised, holders of our
    common stock will incur additional dilution. Further, if we sell
    additional equity or convertible debt securities, such sales
    could result in increased dilution to our shareholders.
Because
    of our participation in the TARP, we are subject to several
    restrictions, including restrictions on compensation paid to our
    executives.
Pursuant to the terms of the Purchase Agreement, we adopted
    certain standards for executive compensation and corporate
    governance for the period during which the U.S. Treasury
    holds the equity issued pursuant to the Purchase Agreement.
    These standards generally apply to our Chief Executive Officer,
    Chief Financial Officer, and the three next most highly
    compensated senior executive officers. The standards include
    (1) ensuring that incentive compensation for senior
    executives does not encourage unnecessary and excessive risks
    that threaten the value of the financial institution;
    (2) required clawback of any bonus or incentive
    compensation paid to a senior executive based on statements of
    earnings, gains or other criteria that are later proven to be
    materially inaccurate; (3) prohibition on making golden
    parachute payments to senior executives; and (4) agreement
    not to deduct for tax purposes executive compensation in excess
    of $500,000 for each senior executive. In particular, the change
    to the deductibility limit on executive compensation will likely
    increase the overall cost of our compensation programs in future
    periods. Since the warrant issued to the U.S. Treasury has
    a ten year term, we could potentially be subject to certain
    executive compensation and corporate governance restrictions for
    a ten-year time period. Pursuant to the American Recovery and
    Reinvestment Act, further compensation restrictions, including
    significant limitations on incentive compensation, have been
    imposed on our senior executive officers and most highly
    compensated employees. Such restrictions and any future
    restrictions on executive compensation, which may be adopted,
    could adversely affect our ability to hire and retain senior
    executive officers.
Anti-takeover
    provisions of our articles of incorporation and by-laws and
    federal and state law may limit the ability of another party to
    acquire us, which could cause our stock price to
    decline.
Various provisions of our articles of incorporation and by-laws
    and certain other actions we have taken could delay or prevent a
    third-party from acquiring us, even if doing so might be
    beneficial to our shareholders. These include, among other
    things, a shareholder rights plan and the authorization to issue
    "blank check" preferred stock by action of the board
    of directors acting alone, thus without obtaining shareholder
    approval.
Federal law prohibits a person or group of persons "acting
    in concert" from acquiring "control" of a bank
    holding company unless the Federal Reserve Board has been given
    60 days prior written notice of such proposed acquisition
    and within that time period the Federal Reserve has not issued a
    notice disapproving the proposed acquisition or extending for up
    to another 30 days the period during which such a
    disapproval may be issued. An acquisition may be made prior to
    the expiration of the disapproval period if the Federal Reserve
    issues written notice of its intent not to disapprove the
    action. Under a rebuttable presumption established by the
    Federal Reserve, the acquisition of 10% or more of a class of
    voting stock of a bank or bank holding company with a class of
    securities registered under Section 12 of the Exchange Act
    would, under the circumstances set forth in the presumption,
    constitute the acquisition of control. In addition, any
    "company" would be required to obtain the approval of
    the Federal Reserve under the Bank Holding Company Act before
    acquiring 25% (5% in the case of an acquiror that is, or is
    deemed to be, a bank holding company) or more of any class of
    voting stock, or such lesser number of shares as may constitute
    control.
Under the California Financial Code, no person shall, directly
    or indirectly, acquire control of a California state bank or its
    holding company unless the Department of Financial Institutions
    has approved such acquisition of control. A person would be
    deemed to have acquired control of Citizens Business Bank if
    such person, directly or indirectly, has the power (1) to
    vote 25% or more of the voting power of Citizens Business Bank,
    or (2) to direct or cause the direction of the management
    and policies of Citizens Business Bank. For purposes of this
    law, a person
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who directly or indirectly owns or controls 10% or more of our
    outstanding common stock would be presumed to control Citizens
    Business Bank.
These provisions of our articles of incorporation and by-laws
    and federal and state law may prevent a merger or acquisition
    that would be attractive to shareholders and could limit the
    price investors would be willing to pay in the future for our
    common stock.
Changes
    in stock market prices could reduce fee income from our
    brokerage, asset management and investment advisory
    businesses.
We earn substantial wealth management fee income for managing
    assets for our clients and also providing brokerage and
    investment advisory services. Because investment management and
    advisory fees are often based on the value of assets under
    management, a fall in the market prices of those assets could
    reduce our fee income. Changes in stock market prices could
    affect the trading activity of investors, reducing commissions
    and other fees we earn from our brokerage business.
Risks
    Relating to this Offering
We may
    not be able to repurchase the Series B Preferred Stock and
    the warrant sold to the U.S. Treasury as soon as we desire,
    thereby requiring us to continue to operate under the
    restrictions imposed by the U.S. Treasury under the Capital
    Purchase Program, and such restrictions may have unforeseen and
    unintended adverse effects on our business.
As described in "Use of Proceeds," we intend to use
    the proceeds of this offering, along with other funds, to
    repurchase the 130,000 shares of Series B Preferred
    Stock and to repurchase the ten-year warrant to purchase up to
    1,669,521 shares of our common stock previously sold to the
    U.S. Treasury under its Capital Purchase Program. The
    repurchase of the Series B Preferred Stock and the warrant
    are subject to regulatory approval. We can make no assurances as
    to when, or if, we will receive such approval. Until such time
    as we repurchase the Series B Preferred Stock, we will
    remain subject to the respective terms and conditions set forth
    in the agreements we entered into with the U.S. Treasury
    under the Capital Purchase Program. Among other things, prior to
    December 5, 2011, unless we have redeemed all of the
    Series B Preferred Stock or the U.S. Treasury has
    transferred all of the Series B Preferred Stock to third
    parties, the consent of the U.S. Treasury would be required
    for us to increase our quarterly common stock dividend above
    $0.085 per share, the amount of our last quarterly cash dividend
    per share declared prior to October 14, 2008, except in
    limited circumstances. Further, the continued existence of the
    Capital Purchase Program investment subjects us to increased
    regulatory and legislative oversight. The American Recovery and
    Reinvestment Act includes, among other things, amendments to the
    executive compensation provisions of the Emergency Economic
    Stabilization Act, and directs the Secretary of the Treasury to
    adopt standards that will implement the amended provisions of
    the Emergency Economic Stabilization Act and directs the SEC to
    issue rules in connection with certain of the amended
    provisions. However, the particular scope of those standards and
    rules, and the timing of their issuance, is not known. These,
    and any future legal requirements and implementing standards
    under the Capital Purchase Program may apply retroactively and
    may have unforeseen or unintended adverse effects on Capital
    Purchase Program participants and on the financial services
    industry as a whole. They may require us to expend significant
    time, effort and resources to ensure compliance, and the
    evolving regulations concerning executive compensation may
    impose limitations on us that affect our ability to compete
    successfully for executive and management talent.
We may
    raise additional capital, which could have a dilutive effect on
    the existing holders of our common stock and adversely affect
    the market price of our common stock.
Except as described in the section entitled
    "Underwriting," we are not restricted from issuing
    additional shares of common stock or securities that are
    convertible into or exchangeable for, or that represent the
    right to receive, common stock. We frequently evaluate
    opportunities to access the capital markets taking into account
    our regulatory capital ratios, financial condition and other
    relevant considerations, and subject to market conditions, we
    may take further capital actions in addition to issuance of the
    shares offered by this prospectus. Such actions could include,
    among other things, the issuance of additional shares of common
    stock in public or private
11
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transactions in order to further increase our capital levels
    above the requirements for a well-capitalized institution
    established by the federal bank regulatory agencies as well as
    other regulatory targets.
In addition, we face significant regulatory and other
    governmental risk as a financial institution and a participant
    in the Capital Purchase Program, and it is possible that capital
    requirements and directives could in the future require us to
    change the amount or composition of our current capital,
    including common equity. In this regard, we note that we were
    not one of the 19 institutions required to conduct a
    forward-looking capital assessment, or "stress test,"
    in conjunction with the Federal Reserve and other federal bank
    supervisors, pursuant to the Supervisory Capital Assessment
    Program, a complement to the U.S. Treasury's Capital
    Assistance Program, which makes capital available to financial
    institutions as a bridge to private capital in the future.
    However, the stress assessment requirements under the Capital
    Assistance Program or similar requirement could be extended or
    otherwise impact financial institutions beyond the 19
    participating institutions, including us. As a result, we could
    determine, or our regulators could require us, to raise
    additional capital. There could also be market perceptions
    regarding the need to raise additional capital, whether as a
    result of public disclosures that were made regarding the
    Capital Assistance Program stress test methodology or otherwise,
    and, regardless of the outcome of the stress tests or other
    stress case analysis, such perceptions could have an adverse
    effect on the price of our common stock.
The issuance of any additional shares of common stock or
    securities convertible into or exchangeable for common stock or
    that represent the right to receive common stock, or the
    exercise of such securities, could be substantially dilutive to
    shareholders of our common stock, including purchasers of common
    stock in this offering. Holders of our shares of common stock
    have no preemptive rights that entitle holders to purchase their
    pro rata share of any offering of shares of any class or series
    and, therefore, such sales or offerings could result in
    increased dilution to our shareholders. The market price of our
    common stock could decline as a result of sales of shares of our
    common stock made after this offering or the perception that
    such sales could occur.
The
    price of our common stock may fluctuate significantly, and this
    may make it difficult for you to resell shares of common stock
    owned by you at times or at prices you find
    attractive.
The stock market and, in particular, the market for financial
    institution stocks, has experienced significant volatility,
    which, in recent months, has reached unprecedented levels. In
    some cases, the markets have produced downward pressure on stock
    prices for certain issuers without regard to those issuers'
    underlying financial strength. As a result, the trading volume
    in our common stock may fluctuate more than usual and cause
    significant price variations to occur. This may make it
    difficult for you to resell shares of common stock owned by you
    at times or at prices you find attractive.
The trading price of the shares of our common stock will depend
    on many factors, which may change from time to time and which
    may be beyond our control, including, without limitation, our
    financial condition, performance, creditworthiness and
    prospects, future sales or offerings of our equity or equity
    related securities, and other factors identified above under
    "Special Note Regarding Forward-Looking Statements"
    and below. These broad market fluctuations have adversely
    affected and may continue to adversely affect the market price
    of our common stock. Among the factors that could affect our
    stock price are:
•
actual or anticipated quarterly fluctuations in our operating
    results and financial condition;
•
changes in financial estimates or publication of research
    reports and recommendations by financial analysts or actions
    taken by rating agencies with respect to our common stock or
    those of other financial institutions;
•
failure to meet analysts' revenue or earnings estimates;
•
speculation in the press or investment community generally or
    relating to our reputation, our market area, our competitors or
    the financial services industry in general;
•
strategic actions by us or our competitors, such as
    acquisitions, restructurings, dispositions or financings;
•
actions by our current shareholders, including sales of common
    stock by existing shareholders
and/or
directors and executive officers;
•
fluctuations in the stock price and operating results of our
    competitors;
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•
future sales of our equity, equity-related or debt securities;
•
changes in the frequency or amount of dividends or share
    repurchases;
•
proposed or adopted regulatory changes or developments;
•
anticipated or pending investigations, proceedings, or
    litigation that involve or affect us;
•
trading activities in our common stock, including short-selling;
•
domestic and international economic factors unrelated to our
    performance; and
•
general market conditions and, in particular, developments
    related to market conditions for the financial services industry.
A significant decline in our stock price could result in
    substantial losses for individual shareholders and could lead to
    costly and disruptive securities litigation.
We are a holding company and depend on our subsidiaries
    for dividends, distributions and other payments.
We are a company separate and apart from Citizens Business Bank
    that must provide for our own liquidity. Substantially all of
    our revenues are obtained from dividends declared and paid by
    Citizens Business Bank. There are statutory and regulatory
    provisions that could limit the ability of Citizens Business
    Bank to pay dividends to us. Under applicable California law,
    Citizens Business Bank cannot make any distribution (including a
    cash dividend) to its shareholder, us, in an amount which
    exceeds the lesser of: (1) the retained earnings of
    Citizens Business Bank and (2) the net income of Citizens
    Business Bank for its last three fiscal years, less the amount
    of any distributions made by Citizens Business Bank to its
    shareholder during such period. Notwithstanding the foregoing,
    with the prior approval of the California Commissioner of
    Financial Institutions, Citizens Business Bank may make a
    distribution (including a cash dividend) to us in an amount not
    exceeding the greatest of: (1) its retained earnings;
    (2) its net income for its last fiscal year; and
    (3) its net income for its current fiscal year. At
    March 31, 2009, approximately $106.1 million of
    Citizens Business Bank's equity was unrestricted and
    available to be paid as dividends to us.
In addition, if, in the opinion of the applicable regulatory
    authority, a bank under its jurisdiction is engaged in or is
    about to engage in an unsafe or unsound practice, such authority
    may require, after notice and an opportunity for a hearing, that
    such bank cease and desist from such practice. Depending on the
    financial condition of Citizens Business Bank, the applicable
    regulatory authority might deem us to be engaged in an unsafe or
    unsound practice if Citizens Business Bank were to pay
    dividends. The Federal Reserve has issued policy statements
    generally requiring insured banks and bank holding companies to
    pay dividends only out of current operating earnings. See
    "Dividend Policy."
In addition, if any of our subsidiaries becomes insolvent, the
    direct creditors of that subsidiary will have a prior claim on
    its assets, as discussed further below. Our rights and the
    rights of our creditors will be subject to that prior claim,
    unless we are also a direct creditor of that subsidiary.
The
    common stock is equity and therefore is subordinate to our and
    our subsidiaries' indebtedness and preferred stock, and our
    ability to declare dividends on our common stock may be
    limited.
Shares of the common stock are equity interests in us and do not
    constitute indebtedness. As such, shares of the common stock
    will rank junior to all current and future indebtedness and
    other non-equity claims on us with respect to assets available
    to satisfy claims on us, including in a liquidation of us. We
    may, and Citizens Business Bank and our other subsidiaries may
    also, incur additional indebtedness from time to time and may
    increase our aggregate level of outstanding indebtedness.
    Additionally, holders of our common stock are subject to the
    prior dividend and liquidation rights of any holders of our
    preferred stock then outstanding. Under the terms of the
    Series B Preferred Stock (which are described in more
    detail in the section entitled "Description of Capital
    Stock"), our ability to declare or pay dividends on or
    repurchase our common stock or other equity or capital
    securities will be subject to restrictions in the event that we
    fail to declare and pay (or set aside for payment) full
    dividends on the Series B Preferred Stock. In addition,
    prior to December 5, 2011, unless we have redeemed all of
    the Series B Preferred Stock or the U.S. Treasury has
    transferred all of the Series B Preferred Stock to
    third-parties, the consent of the
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U.S. Treasury will be required for us to, among other
    things, increase our common stock dividend above $0.085 except
    in limited circumstances. Our board of directors is authorized
    to cause us to issue additional classes or series of preferred
    stock without any action on the part of the shareholders. If we
    issue preferred shares in the future that have a preference over
    our common stock with respect to the payment of dividends or
    upon liquidation, or if we issue preferred shares with voting
    rights that dilute the voting power of the common stock, then
    the rights of holders of our common stock or the market price of
    our common stock could be adversely affected.
Holders of our common stock are only entitled to receive such
    dividends as our board of directors may declare out of funds
    legally available for such payments. Although we have
    historically paid cash dividends on our common stock, we are not
    required to do so and our board of directors could reduce or
    eliminate our common stock dividend in the future. This could
    adversely affect the market price of our common stock. Also, as
    discussed above, we are a bank holding company and our ability
    to declare and pay dividends depends on certain federal
    regulatory considerations including the guidelines of the
    Federal Reserve regarding capital adequacy and dividends.
An
    entity holding as little as a 5% interest in our outstanding
    common stock could, under certain circumstances, be subject to
    regulation as a "bank holding company."
Any entity (including a "group" composed of natural
    persons) owning or controlling with the power to vote 25% or
    more of our outstanding common stock, or 5% or more if such
    holder otherwise exercises a "controlling influence"
    over us, may be subject to regulation as a "bank holding
    company" in accordance with the Bank Holding Company Act of
    1956, as amended, or the Bank Holding Company Act. In addition,
    (1) any bank holding company or foreign bank with a
    U.S. presence may be required to obtain the approval of the
    Federal Reserve under the Bank Holding Company Act to acquire or
    retain 5% or more of our outstanding common stock and
    (2) any person not otherwise defined as a company by the
    Bank Holding Company Act and its implementing regulations may be
    required to obtain the approval of the Federal Reserve under the
    Change in Bank Control Act to acquire or retain 10% or more of
    our outstanding common stock. Becoming a bank holding company
    imposes certain statutory and regulatory restrictions and
    obligations, such as providing managerial and financial strength
    for its bank subsidiaries. Regulation as a bank holding company
    could require the holder to divest all or a portion of the
    holder's investment in our common stock or such nonbanking
    investments that may be deemed impermissible or incompatible
    with bank holding company status, such as a material investment
    in a company unrelated to banking.
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Table of Contents
USE OF
    PROCEEDS
We expect to receive net proceeds from this offering of
    approximately
    $
l
(or approximately
    $
l
if the underwriters exercise their over-allotment option in
    full), after deduction of underwriting discounts and commissions
    and estimated expenses payable by us.
We intend to use the proceeds from the sale of our common stock,
    along with other funds, to redeem all of the 130,000 shares
    of Series B Preferred Stock and to repurchase the ten-year
    warrant to purchase up to 1,669,521 shares of our common
    stock, previously sold to the U.S. Treasury under its
    Capital Purchase Program. The Series B Preferred Stock
    would be repurchased at its $1,000 per share liquidation
    preference, plus accrued and unpaid dividends, and the warrant
    would be repurchased at its fair market value, as determined
    pursuant to the Purchase Agreement and described below under
    "Description of Capital Stock — Treasury
    Warrant — Repurchase". The approvals of the
    U.S. Treasury and our banking regulators are required for
    the repurchase of these securities. We can make no assurances as
    to when, or if, we will receive such approvals. If we do not
    receive the necessary regulatory approvals to repurchase the
    Series B Preferred Stock and the related warrant, or our
    board of directors subsequently determines not to repurchase the
    Series B Preferred Stock and the related warrant, we intend
    to use the net proceeds of this offering for general corporate
    purposes and may contribute some or all of the net proceeds to
    Citizens Business Bank, which would use such amount for its
    general corporate purposes.
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CAPITALIZATION
The following table sets forth our cash and cash equivalents,
    our capitalization, our per common share book values, and our
    regulatory capital ratios, each as of March 31, 2009 and to
    give effect to the issuance of the common stock offered hereby,
    assuming the repurchase of all of the Series B Preferred
    Stock and the related warrant, subject to regulatory approval.
As of March 31, 2009
Actual
As Adjusted(1)
(Dollars in thousands, except per share data)
Cash and cash equivalents
$
101,214
l
(2)
Total Liabilities
$
5,789,728
l
Stockholders' equity
Preferred stock, authorized 20,000,000 shares without par;
    issued and outstanding 130,000
$
121,860
l
Common stock, authorized 122,070,312 shares without par;
    issued and outstanding 83,326,511, actual; issued and
    outstanding
l
shares,
    as adjusted
365,204
l
Retained earnings
104,291
l
Accumulated other comprehensive income, net of tax
35,006
l
Total stockholders' equity
$
626,361
l
Total Capitalization
$
6,416,089
l
Per Common Share
Common book value per share
$
6.05
l
Tangible common book value per share
5.27
l
Regulatory Capital Ratios
For the Company:
Leverage Ratio
9.8
%
l
Tier 1 Capital
14.6
%
l
Total Capital
16.0
%
l
For the Bank:
Leverage Ratio
9.7
%
l
Tier 1 Capital
14.4
%
l
Total Capital
15.7
%
l
(1)
Assumes
    that
l
shares
    of our common stock are sold in this offering at
    $
l
per
    share and that the net proceeds thereof are approximately
    $
l
million
    after deducting underwriting discounts and commissions and our
    estimated expenses. If the underwriters' over-allotment
    option is exercised in full, common stock will increase to
    $
l
million.
(2)
If we do not receive regulatory approval to repurchase the
    Series B Preferred Stock and the related warrant, as
    adjusted cash and cash equivalents as of March 31, 2009
    will increase to
    $
l
.
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Table of Contents
RATIO OF
    EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
The following table shows our ratio of earnings to fixed charges
    and preferred dividends on a consolidated basis. The ratio of
    earnings to fixed charges and preferred dividends has been
    computed by dividing net income plus all applicable income taxes
    plus fixed charges, by fixed charges and preferred dividend
    requirements.
For purposes of determining the ratio of earnings to fixed
    charges and preferred dividends, earnings are defined as the sum
    of pre-tax income from continuing operations and fixed charges.
    Fixed charges means the sum of interest expense, capitalized
    expenses related to indebtedness and an estimate of the interest
    within rental expense. We have separately presented our ratio of
    earnings to fixed charges and preferred dividends excluding
    interest on deposits and including interest on deposits.
    Preferred dividends means the amount of pre-tax earnings that is
    required to pay dividends on outstanding preference securities.
For The
Quarter Ended
March 31,
For The Years Ended December 31,
2009
2008
2007
2006
2005
2004
Ratio of earnings to fixed charges and preferred dividends
Excluding interest on deposits
1.76
1.80
1.74
2.26
3.14
3.75
Including interest on deposits
1.58
1.60
1.46
1.69
2.35
2.86
PRICE
    RANGE OF COMMON STOCK
Our common stock is listed and traded on the NASDAQ Global
    Select Market under the symbol "CVBF." The following
    table sets forth, for the quarters shown, the range of high and
    low sales prices of our common stock on the NASDAQ Global Select
    Market and the cash dividends declared on the common stock. As
    of March 31, 2009, we had approximately
    83,326,511 shares of common stock outstanding, held of
    record by approximately 1,920 shareholders. The last
    reported sales price of our common stock on the NASDAQ Global
    Select Market on June 2, 2009, was $6.28 per share.
Quarter Ended
High
Low
Dividends per Share
2009
June 30 (through June 2, 2009)
$
7.77
$
5.75
March 31
$
12.11
$
5.31
$
0.085
2008
December 31
$
14.75
$
8.58
$
0.085
September 30
$
20.00
$
7.12
$
0.085
June 30
$
12.62
$
9.18
$
0.085
March 31
$
11.45
$
8.40
$
0.085
2007
December 31
$
12.09
$
9.96
$
0.085
September 30
$
13.00
$
9.46
$
0.085
June 30
$
12.64
$
10.69
$
0.085
March 31
$
13.76
$
11.36
$
0.085
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DIVIDEND
    POLICY
The amount of future dividends will depend upon our earnings,
    financial condition, capital requirements and other factors, and
    will be determined by our board of directors on a quarterly
    basis. It is Federal Reserve policy that bank holding companies
    should generally pay dividends on common stock only out of
    income available over the past year, and only if prospective
    earnings retention is consistent with the organization's
    expected future needs and financial condition. It is also
    Federal Reserve policy that bank holding companies should not
    maintain dividend levels that undermine the company's
    ability to be a source of strength to its banking subsidiaries.
    Additionally, in consideration of the current financial and
    economic environment, the Federal Reserve has indicated that
    bank holding companies should carefully review their dividend
    policy and has discouraged payment ratios that are at maximum
    allowable levels unless both asset quality and capital are very
    strong. Furthermore, under the federal Prompt Corrective Action
    regulations, the Federal Reserve or the FDIC may prohibit a bank
    holding company from paying any dividends if the holding
    company's bank subsidiary is classified as
    "undercapitalized."
Dividends from Citizens Business Bank constitute the principal
    source of income to CVB Financial Corp. Citizens Business Bank
    is subject to various statutory and regulatory restrictions on
    its ability to pay dividends to us, which determines our ability
    to pay dividends to our shareholders.
Under the terms of the Capital Purchase Program, for so long as
    any preferred stock issued under the Capital Purchase Program
    remains outstanding, we are prohibited from increasing dividends
    on our common stock in excess of $0.085 per share, and from
    making certain repurchases of equity securities, including our
    common stock, without the U.S. Treasury's consent
    until the third anniversary of the U.S. Treasury's
    investment or until the U.S. Treasury has transferred all
    of the preferred stock it purchased under the Capital Purchase
    Program to third parties. As long as the preferred stock issued
    to the U.S. Treasury is outstanding, dividend payments and
    repurchases or redemptions relating to certain equity
    securities, including our common stock, are also prohibited
    until all accrued and unpaid dividends are paid on such
    preferred stock, subject to certain limited exceptions.
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DESCRIPTION
    OF CAPITAL STOCK
The following is a brief description of the terms of our capital
    stock. This summary does not purport to be complete in all
    respects. This description is subject to and qualified in its
    entirety by reference to the General Corporation Law of the
    State of California, federal law, our articles of incorporation,
    as amended, and our bylaws, copies of which have been filed with
    the SEC and are also available upon request from us.
Common
    Stock
General
Our articles of incorporation, as amended, provide the authority
    to issue 122,070,312 shares of common stock, no par value
    per share. At March 31, 2009, there were
    83,326,511 shares of common stock issued and outstanding,
    held of record by approximately 1,920 shareholders. In
    addition, at March 31, 2009, 3,495,391 shares of our
    common stock were issuable under our stock compensation plans.
    Our common stock is listed on the NASDAQ Global Select Market
    under the symbol "CVBF." Outstanding shares of our
    common stock are validly issued, fully paid and non-assessable.
Each share of our common stock has the same relative rights and
    is identical in all respects to each other share of our common
    stock. The common stock has no preemptive, conversion or
    redemption rights or sinking fund provisions.
Voting
    Rights
On any matter submitted to a vote of the shareholders, holders
    of common stock are entitled to one vote, in person or by proxy,
    for each share of common stock held of record in the
    shareholder's name on our books as of the record date. In
    connection with the election of directors, the shares may be
    voted cumulatively. Cumulative voting allows each shareholder to
    give one nominee as many votes as is equal to the number of
    directors to be elected, multiplied by the number of shares
    owned, or to distribute the shareholder's votes in the same
    fashion between two or more nominees.
Liquidation
    Rights
The holders of our common stock and the holders of any class or
    series of stock entitled to participate with the holders of our
    common stock as to the distribution of assets in the event of
    any liquidation, dissolution or winding up of us, whether
    voluntary or involuntary, will become entitled to participate
    equally in the distribution of any of our assets remaining after
    we have paid, or provided for the payment of, all of our debts
    and liabilities and after we have paid, or set aside for
    payment, to the holders of any class of stock having preference
    over the common stock in the event of liquidation, dissolution
    or winding up, the full preferential amounts, if any, to which
    they are entitled.
Dividends
Holders of our common stock are entitled to receive dividends
    if, as and when declared by our board of directors out of any
    funds legally available for dividends. We pay dividends on our
    common stock only if we have paid or provided for all dividends
    on our outstanding series of preferred stock, for the then
    current period and, in the case of any cumulative preferred
    stock, all prior periods. As a holding company, our ability to
    pay distributions is affected by the ability of our bank
    subsidiary to pay dividends. The ability of our bank subsidiary,
    and our ability, to pay dividends in the future is, and could in
    the future be further, influenced by bank regulatory
    requirements and capital guidelines.
Shareholder
    Rights Plan
Attached to each share of our common stock is a Series A
    Participating Preferred Stock purchase right, pursuant to a
    Preferred Shares Rights Agreement, adopted by our board of
    directors on June 21, 2000, or a shareholder rights plan,
    as discussed further below.
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Transfer
    Agent and Registrar
The transfer agent and registrar for our common stock is
    Computershare.
Preferred
    Stock
We are authorized to issue 20,000,000 shares of preferred
    stock, no par value per share, 1,000,000 shares of which
    have been designated as Series A Participating Preferred
    Stock, or Series A Preferred Stock, of which none have been
    issued and none of which are outstanding as of the date of this
    prospectus, and 130,000 shares designated as Fixed Rate
    Cumulative Perpetual Preferred Stock, Series B all of which
    are issued and outstanding as of the date of this prospectus,
    with a $1,000 liquidation preference per share.
Our articles of incorporation, as amended, subject to
    limitations prescribed in such articles and subject to
    limitations prescribed by California law, authorize the board of
    directors, from time to time by resolution and without further
    shareholder action, to provide for the issuance of shares of
    preferred stock, in one or more series, and to fix the
    designation, powers, preferences and other rights of the shares
    and to fix the qualifications, limitations and restrictions
    thereof. As a result of its discretion with respect to the
    creation and issuance of preferred stock without shareholder
    approval, the board of directors could adversely affect the
    voting power of the holders of common stock and, by issuing
    shares of preferred stock with certain voting, conversion
and/or
redemption rights, could discourage any attempt to obtain
    control of us.
Series A
    Preferred Stock
Our Series A Preferred Stock was authorized by our board of
    directors in connection with the adoption of our shareholder
    rights plan in June 2000, discussed further below. No shares of
    our Series A Preferred Stock have ever been issued. Our
    Series A Preferred Stock, if ever issued, would rank junior
    to our Series B Preferred Stock, as discussed below.
Voting
    Rights
If and when issued, each share of Series A Preferred Stock
    would entitle the holder to 1,000 votes on all matters submitted
    to a vote of our shareholders. Except as otherwise provided in
    the Series A Preferred Stock Certificate of Determination,
    or by law, if and when issued, the holders of shares of
    Series A Preferred Stock and the holders of shares of
    common stock would vote together as one class on all matters
    submitted to a vote of our shareholders. Except as required by
    law, holders of Series A Preferred Stock would have no
    special voting rights and their consent would not be required
    (except to the extent they are entitled to vote with holders of
    common stock) for taking any corporate action.
Liquidation
    Rights
Upon any liquidation, dissolution or winding up of us, no
    distribution may be made (1) to the holders of shares of
    stock ranking junior (either as to dividends or upon
    liquidation, dissolution or winding up) to the Series A
    Preferred Stock, unless, prior to such distribution, the holders
    of shares of Series A Preferred Stock shall have received
    an amount per share equal to $1,000, plus an amount equal to
    accrued and unpaid dividends and distributions thereon, whether
    or not declared, to the date of such payment, provided that the
    holders of shares of Series A Preferred Stock are entitled
    to receive an aggregate amount per share, subject to certain
    provisions for adjustment, equal to the aggregate amount to be
    distributed per share to holder of shares of common stock, or
    (2) to the holders of shares of stock ranking on a parity
    (either as to dividends or upon liquidation, dissolution or
    winding up) with the Series A Preferred Stock, except
    distributions made ratably on the Series A Preferred Stock
    and all such parity stock in proportion to the total amount to
    which the holders of all such shares are entitled upon such
    liquidation, dissolution or winding up. In the event we, at any
    time, declare or pay any dividend on the common stock payable in
    shares of common stock, or effect a subdivision or combination
    or consolidation of the outstanding shares of common stock (by
    reclassification or otherwise than by payment of a dividend in
    shares of common stock) into a greater or lesser number of
    shares of common stock, then the aggregate amount to which
    holders of shares of Series A Preferred Stock were entitled
    immediately prior to such event under the proviso in
    clause (1) of the preceding sentence shall be adjusted.
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Dividends
Subject to the prior and superior right of the holders of any
    shares of any series of preferred stock (or any similar stock)
    ranking prior and superior to the shares of Series A
    Preferred Stock with respect to dividends, the holders of shares
    of Series A Preferred Stock, if and when issued, in
    preference to the holders of our common stock, and of any other
    junior stock, are entitled to receive when, as and if declared
    by the board of directors out of funds legally available for the
    purpose, quarterly dividends payable in cash on the last day of
    March, June, September and December in each year (each such date
    being referred to as a "quarterly dividend payment
    date"), in an amount per share equal to the greater of
    (a) $1.00 or (b) subject to the provision for
    adjustment set forth in the Series A Preferred Stock
    Certificate of Determination, 1,000 times the aggregate per
    share amount of all cash dividends, and 1,000 times the
    aggregate per share amount (payable in kind) of all non-cash
    dividends or other distributions other than a dividend payable
    in shares of common stock or a subdivision of the outstanding
    shares of common stock (by reclassification or otherwise),
    declared on the common stock since the immediately preceding
    quarterly dividend payment date, or, with respect to the first
    quarterly dividend payment date, since the first issuance of any
    share or fraction of a share of Series A Preferred Stock.
    In the event we at any time declare or pay any dividend on the
    common stock payable in shares of common stock, or effect a
    subdivision or combination or consolidation of the outstanding
    shares of common stock into a greater or lesser number of shares
    of common stock, then the amount to which holders of shares of
    Series A Preferred Stock were entitled immediately prior to
    such event is adjusted accordingly. Whenever quarterly dividends
    or other dividends or distributions payable on the Series A
    Preferred Stock are in arrears, dividend payments on common
    stock or other classes of shares ranking junior to the
    Series A Preferred Stock are restricted until all accrued
    and unpaid dividends and distributions, whether or not declared,
    on shares of Series A Preferred Stock outstanding are paid
    in full.
Redemption
We may, at our option and with the approval of the board of
    directors, at any time prior to the earlier of (1) the
    close of business on the 10th day after the first date of a
    public announcement by us or an acquiring person (a person who
    has become or has obtained the right to become the beneficial
    owner of 20% or more of our common stock) that an acquiring
    person has become such or the 10th business day after the
    date a tender or exchange offer is first published or sent, and
    (2) the close of business on June 21, 2010, redeem all
    but not less than all the then-outstanding rights at a
    redemption price of $0.01 per right, appropriately adjusted to
    reflect any stock split, stock dividend or similar transaction
    occurring since the date of the shareholder rights plan (such
    redemption price being herein referred to as the
    "redemption price"). Immediately upon the action of
    the board of directors ordering the redemption of the rights,
    and without any further action and without any notice, the right
    to exercise the rights terminates and the only right thereafter
    of the holders of rights would be to receive the redemption
    price.
Series B
    Preferred Stock
On December 5, 2008, pursuant to the Capital Purchase
    Program, we issued to the U.S. Treasury 130,000 shares
    of Fixed Rate Cumulative Perpetual Preferred Stock,
    Series B, having a liquidation amount per share equal to
    $1,000, for a total price of $130,000,000. The holders of the
    Series B Preferred Stock have preferential dividend and
    liquidation rights over holders of our common stock. The
    Series B Preferred Stock pays cumulative dividends at a
    rate of 5% per year for the first five years and thereafter at a
    rate of 9% per year. The Series B Preferred Stock is
    non-voting, except in limited circumstances. Prior to
    December 5, 2011, unless we have redeemed all of the
    Series B Preferred Stock or the U.S. Treasury has
    transferred all of the Series B Preferred Stock to third
    parties, the consent of the U.S. Treasury will be required
    for us to, among other things, repurchase or otherwise acquire
    any of our shares of common stock or trust preferred securities,
    subject to certain limited exceptions. In addition, so long as
    any shares of our Series B Preferred Stock are outstanding,
    we may not repurchase or otherwise acquire any of our
    outstanding common stock unless we are current in our dividend
    payments on our outstanding Series B Preferred Stock. We
    may not redeem the Series B Preferred Stock without
    requisite regulatory approval.
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Voting
    Rights
Except as indicated below or otherwise required by law, the
    holders of Series B Preferred Stock will not have any
    voting rights.
Election of Two Directors upon Non-Payment of
    Dividends.
If the dividends on the Series B
    Preferred Stock have not been paid for an aggregate of six
    quarterly dividend periods or more (whether or not consecutive),
    the holders of Series B Preferred Stock, together with the
    holders of any outstanding parity stock with like voting rights,
    referred to as voting parity stock, voting as a single class,
    will be entitled to elect two members of our board of directors,
    referred to as the preferred stock directors, at the next annual
    meeting (or at a special meeting called for the purpose of
    electing the preferred stock directors prior to the next annual
    meeting) and at each subsequent annual meeting until all accrued
    and unpaid dividends for all past dividend periods have been
    paid in full. Our bylaws provide that in the event such voting
    right is triggered, the authorized number of directors on our
    board of directors shall be increased by two members. The
    election of any preferred stock director is subject to the
    qualification that the election would not cause us to violate
    the corporate governance requirement of the NASDAQ Global Select
    Market (or any other exchange on which our securities may be
    listed) that listed companies must have a majority of
    independent directors.
Upon the termination of the right of the holders of
    Series B Preferred Stock and voting parity stock to vote
    for preferred stock directors, as described above, the preferred
    stock directors will immediately cease to be qualified as
    directors, their term of office shall terminate immediately and
    the number of our authorized directors will be reduced by the
    number of preferred stock directors that the holders of
    Series B Preferred Stock and voting parity stock had been
    entitled to elect. The holders of a majority of shares of
    Series B Preferred Stock and voting parity stock, voting as
    a class, may remove any preferred stock director, with or
    without cause, and the holders of a majority of the shares
    Series B Preferred Stock and voting parity stock, voting as
    a class, may fill any vacancy created by the removal of a
    preferred stock director. If the office of a preferred stock
    director becomes vacant for any other reason, the remaining
    preferred stock director may choose a successor to fill such
    vacancy for the remainder of the unexpired term.
Other Voting Rights.
So long as any shares of
    Series B Preferred Stock are outstanding, in addition to
    any other vote or written consent of shareholders required by
    law or by our articles of incorporation, the vote or written
    consent of the holders of at least
    66
2
/
3
%
    of the shares of Series B Preferred Stock at the time
    outstanding, voting separately as a single class, given in
    person or by proxy, either in writing without a meeting or by
    vote at any meeting called for the purpose, shall be necessary
    for effecting or validating:
•
any amendment or alteration of the certificate of determination
    for the Series B Preferred Stock or our articles of
    incorporation to authorize or create or increase the authorized
    amount of, or any issuance of, any shares of, or any securities
    convertible into or exchangeable or exercisable for shares of,
    any class or series of capital stock ranking senior to the
    Series B Preferred Stock with respect to payment of
    dividends
and/or
distribution of assets on our liquidation, dissolution or
    winding up;
•
any amendment, alteration or repeal of any provision of the
    certificate of determination for the Series B Preferred
    Stock so as to adversely affect the rights, preferences,
    privileges or voting powers of the Series B Preferred
    Stock; or
•
any consummation of a binding share exchange or reclassification
    involving the Series B Preferred Stock or of a merger or
    consolidation by us with another entity, unless the shares of
    Series B Preferred Stock remain outstanding following any
    such transaction or, if we are not the surviving entity, such
    shares are converted into or exchanged for preference securities
    and such remaining outstanding shares of Series B Preferred
    Stock or preference securities have rights, preferences,
    privileges and voting powers that are not materially less
    favorable than the rights, preferences, privileges or voting
    powers of the Series B Preferred Stock, taken as a whole.
To the extent of the voting rights of the Series B
    Preferred Stock, each holder of Series B Preferred Stock
    will be entitled to one vote for each share of Series B
    Preferred Stock held.
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The foregoing voting provisions will not apply if, at or prior
    to the time when the vote or consent would otherwise be
    required, all outstanding shares of Series B Preferred
    Stock have been redeemed or called for redemption upon proper
    notice and sufficient funds have been set aside by us for the
    benefit of the holders of Series B Preferred Stock to
    effect the redemption.
Liquidation
    Rights
In the event that we voluntarily or involuntarily liquidate,
    dissolve or wind up our affairs, holders of Series B
    Preferred Stock will be entitled to receive an amount per share,
    referred to as the total liquidation amount, equal to the fixed
    liquidation preference of $1,000 per share, plus any accrued and
    unpaid dividends, whether or not declared, to the date of
    payment. Holders of the Series B Preferred Stock will be
    entitled to receive the total liquidation amount out of our
    assets that are available for distribution to shareholders,
    after payment or provision for payment of our debts and other
    liabilities but before any distribution of assets is made to
    holders of our common stock or any other shares ranking, as to
    that distribution, junior to the Series B Preferred Stock.
If our assets are not sufficient to pay the total liquidation
    amount in full to all holders of Series B Preferred Stock
    and all holders of any shares of outstanding parity stock, the
    amounts paid to the holders of Series B Preferred Stock and
    other shares of parity stock will be paid pro rata in accordance
    with the respective total liquidation amount for those holders.
    If the total liquidation amount per share of Series B
    Preferred Stock has been paid in full to all holders of
    Series B Preferred Stock and other shares of parity stock,
    the holders of our common stock or any other shares ranking, as
    to such distribution, junior to the Series B Preferred
    Stock will be entitled to receive all of our remaining assets
    according to their respective rights and preferences.
For purposes of the liquidation rights, neither the sale,
    conveyance, exchange or transfer of all or substantially all of
    our property and assets, nor the consolidation or merger by us
    with or into any other corporation or by another corporation
    with or into us, will constitute a liquidation, dissolution or
    winding up of our affairs.
Dividends
    Payable On Shares of Series B Preferred Stock
Holders of shares of Series B Preferred Stock are entitled
    to receive if, as and when declared by our board of directors or
    a duly authorized committee of the board, out of assets legally
    available for payment, cumulative cash dividends at a rate per
    annum of 5% per share on a liquidation preference of $1,000 per
    share of Series B Preferred Stock with respect to each
    dividend period during the five year period following
    December 5, 2008 and are entitled to receive cumulative
    cash dividends at a rate per annum of 9% per share on a
    liquidation preference of $1,000 per share of Series B
    Preferred Stock with respect to each dividend period thereafter.
Dividends are payable quarterly in arrears on each
    February 15, May 15, August 15 and November 15,
    each a dividend payment date, with payments having commenced on
    February 15, 2009. If any dividend payment date is not a
    business day, then the next business day will be the applicable
    dividend payment date, and no additional dividends will accrue
    as a result of the applicable postponement of the dividend
    payment date. Dividends payable during any dividend period are
    computed on the basis of a
360-day
year
    consisting of twelve
30-day
months. Dividends payable with respect to the Series B
    Preferred Stock are payable to holders of record of shares of
    Series B Preferred Stock on the date that is 15 calendar
    days immediately preceding the applicable dividend payment date
    or such other record date as the board of directors or any duly
    authorized committee of the board determines, so long as such
    record date is not more than 60 nor less than 10 days prior
    to the applicable dividend payment date.
If we determine not to pay any dividend or a full dividend with
    respect to the Series B Preferred Stock, we are required to
    provide written notice to the holders of shares of Series B
    Preferred Stock prior to the applicable dividend payment date.
We are subject to various regulatory policies and requirements
    relating to the payment of dividends, including requirements to
    maintain adequate capital above regulatory minimums. The Federal
    Reserve, is authorized to determine, under certain circumstances
    relating to the financial condition of a bank holding company,
    such as us, that the payment of dividends would be an unsafe or
    unsound practice and to prohibit payment thereof. In addition,
    we are subject to California state laws relating to the payment
    of dividends.
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Priority
    of Dividends
With respect to the payment of dividends and the amounts to be
    paid upon liquidation, the Series B Preferred Stock will
    rank:
•
Senior to our common stock and all other equity securities
    designated as ranking junior to the Series B Preferred
    Stock (including our Series A Preferred Stock); and
•
at least equally with all other equity securities designated as
    ranking on a parity with the Series B Preferred Stock, or
    parity stock, with respect to the payment of dividends and
    distribution of assets upon our liquidation, dissolution or
    winding up.
So long as any shares of Series B Preferred Stock remain
    outstanding, unless all accrued and unpaid dividends for all
    prior dividend periods have been paid or are contemporaneously
    declared and paid in full, no dividend shall be paid or declared
    on our common stock or other junior stock, other than a dividend
    payable solely in common stock. We and our subsidiaries also may
    not purchase, redeem or otherwise acquire for consideration any
    shares of our common stock or other junior stock unless we have
    paid in full all accrued dividends on the Series B
    Preferred Stock for all prior dividend periods, other than:
•
purchases, redemptions or other acquisitions of our common stock
    or other junior stock in connection with the administration of
    our employee benefit plans in the ordinary course of business
    pursuant to a publicly announced repurchase plan up to the
    increase in diluted shares outstanding resulting from the grant,
    vesting or exercise of equity-based compensation;
•
any dividends or distributions of rights or junior stock in
    connection with any shareholder rights plan or repurchases of
    rights pursuant to any shareholder rights plan;
•
acquisition of record ownership of junior stock or parity stock
    for the beneficial ownership of any other person who is not us
    or our subsidiary, including as trustee or custodian; and
•
the exchange or conversion of junior stock for or into other
    junior stock or of parity stock for or into other parity stock
    or junior stock but only to the extent that such acquisition is
    required pursuant to binding contractual agreements entered into
    before December 5, 2008 or any subsequent agreement for the
    accelerated exercise, settlement or exchange thereof for common
    stock.
On any dividend payment date for which full dividends are not
    paid, or declared and funds set aside, on the Series B
    Preferred Stock and any other parity stock, all dividends paid
    or declared for payment on that dividend payment date (or, with
    respect to parity stock with a different dividend payment date,
    on the applicable dividend date falling within the dividend
    period and related to the dividend payment date for the
    Series B Preferred Stock), with respect to the
    Series B Preferred Stock and any other parity stock shall
    be declared ratably among the holders of any such shares who
    have the right to receive dividends, in proportion to the
    respective amounts of the undeclared and unpaid dividends
    relating to the dividend period.
Subject to the foregoing, such dividends (payable in cash, stock
    or otherwise) as may be determined by our board of directors (or
    a duly authorized committee of the board) may be declared and
    paid on our common stock and any other stock ranking equally
    with or junior to the Series B Preferred Stock from time to
    time out of any funds legally available for such payment, and
    the Series B Preferred Stock shall not be entitled to
    participate in any such dividend.
Redemption
The Certificate of Determination of Series B Preferred
    Stock provides that such stock may not be redeemed prior to
    February 15, 2012, unless we have received aggregate gross
    proceeds from one or more qualified equity offerings (as
    described below) equal to $32,500,000, which equals 25% of the
    aggregate liquidation amount of the Series B Preferred
    Stock on the date of issuance. In such a case, we may redeem the
    Series B Preferred Stock, subject to the approval of
    Federal Reserve, in whole or in part, upon notice as described
    below, up to a maximum amount equal to the aggregate net cash
    proceeds received by us from such qualified equity offerings. A
    "qualified equity offering" is a sale and issuance for
    cash by us, to persons other than us or our subsidiaries after
    December 5,
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2008, of shares of perpetual preferred stock, common stock or a
    combination thereof, that in each case qualify as our
    Tier 1 capital at the time of issuance under the applicable
    risk-based capital guidelines of the Federal Reserve. Qualified
    equity offerings do not include issuances made in connection
    with acquisitions, issuances of trust preferred securities and
    issuances of common stock
and/or
perpetual preferred stock made pursuant to agreements or
    arrangements entered into, or pursuant to financing plans that
    were publicly announced, on or prior to October 13, 2008.
    The Certificate of Determination of Series B Preferred
    Stock provides that, after February 15, 2012, the
    Series B Preferred Stock may be redeemed at any time,
    subject to the approval of the Federal Reserve, in whole or in
    part, subject to notice as described below. In connection with
    the adoption of the American Recovery and Reinvestment Act,
    subject to the approval of the U.S. Treasury and the
    Federal Reserve Board, we may repurchase the Series B
    Preferred Stock at any time regardless of whether or not we have
    replaced such funds from any other source.
In any redemption or repurchase, the redemption or repurchase
    price is an amount equal to the per share liquidation amount
    plus accrued and unpaid dividends to but excluding the date of
    redemption.
The Series B Preferred Stock will not be subject to any
    mandatory redemption, sinking fund or similar provisions.
    Holders of shares of Series B Preferred Stock have no right
    to require the redemption or repurchase of the Series B
    Preferred Stock.
If fewer than all of the outstanding shares of Series B
    Preferred Stock are to be redeemed, the shares to be redeemed
    will be selected either pro rata from the holders of record of
    shares of Series B Preferred Stock in proportion to the
    number of shares held by those holders or in such other manner
    as our board of directors or a committee thereof may determine
    to be fair and equitable.
We will mail notice of any redemption of Series B Preferred
    Stock by first class mail, postage prepaid, addressed to the
    holders of record of the shares of Series B Preferred Stock
    to be redeemed at their respective last addresses appearing on
    our books. This mailing will be at least 30 days and not
    more than 60 days before the date fixed for redemption. Any
    notice mailed or otherwise given as described in this paragraph
    will be conclusively presumed to have been duly given, whether
    or not the holder receives the notice, and failure duly to give
    the notice by mail or otherwise, or any defect in the notice or
    in the mailing or provision of the notice, to any holder of
    Series B Preferred Stock designated for redemption will not
    affect the redemption of any other Series B Preferred
    Stock. Each notice of redemption will set forth the applicable
    redemption date, the redemption price, the place where shares of
    Series B Preferred Stock are to be redeemed, and the number
    of shares of Series B Preferred Stock to be redeemed (and,
    if less than all shares of Series B Preferred Stock held by
    the applicable holder, the number of shares to be redeemed from
    the holder).
Shares of Series B Preferred Stock that are redeemed,
    repurchased or otherwise acquired by us will revert to
    authorized but unissued shares of our preferred stock.
Treasury
    Warrant
In connection with the U.S. Treasury's purchase of our
    Series B Preferred Stock, we issued to the
    U.S. Treasury, or the "warrantholder," a warrant
    exercisable for 1,669,521 shares of our common stock
    (subject to adjustment as described below) at an initial
    exercise price of $11.68 per share (the "Warrant").
    The Warrant may be exercised at any time on or before
    December 5, 2018 by surrender of the Warrant and a
    completed notice of exercise attached as an annex to the Warrant
    and the payment of the exercise price for the shares of common
    stock for which the Warrant is being exercised. The exercise
    price may be paid either by our withholding of such number of
    shares of common stock issuable upon exercise of the Warrant
    equal to the value of the aggregate exercise price of the
    Warrant determined by reference to the market price of our
    common stock on the trading day on which the Warrant is
    exercised or, if agreed to by us and the warrantholder, by the
    payment of cash equal to the aggregate exercise price.
If we complete one or more qualified equity offerings on or
    prior to December 31, 2009 that result in our receipt of
    aggregate gross proceeds of not less than $130,000,000, which is
    equal to 100% of the aggregate liquidation preference of the
    Series B Preferred Stock, the number of shares of common
    stock underlying the Warrant then held by the warrantholder will
    be reduced by one-half of the original number of shares.
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Rights
    as a Shareholder
The warrantholder shall have no rights or privileges of the
    holders of our common stock, including any voting rights, until
    (and then only to the extent) the Warrant has been exercised.
Transferability
The warrantholder may not transfer a portion of the Warrant with
    respect to more than 50% of shares of common stock until the
    earlier of the date on which we have received aggregate gross
    proceeds from a qualified equity offering of at least
    $130,000,000 and December 31, 2009. The Warrant, and all
    rights under the Warrant, are otherwise transferable.
Adjustments
    to the Warrant
Adjustments in Connection with Stock Splits, Subdivisions,
    Reclassifications and Combinations.
The number of
    shares for which the Warrant may be exercised and the exercise
    price applicable to the Warrant will be proportionately adjusted
    in the event we pay stock dividends or make distributions of our
    common stock, subdivide, combine or reclassify outstanding
    shares of our common stock.
Anti-dilution Adjustment.
Until the earlier of
    December 5, 2011 and the date the initial warrantholder no
    longer holds the Warrant (and other than in certain permitted
    transactions described below), if we issue any shares of common
    stock (or securities convertible or exercisable into common
    stock) for less than 90% of the market price of the common stock
    on the last trading day prior to pricing such shares, then the
    number of shares of common stock into which the Warrant is
    exercisable and the exercise price will be adjusted. Permitted
    transactions include issuances:
•
as consideration for or to fund the acquisition of businesses
and/or
related assets;
•
in connection with employee benefit plans and compensation
    related arrangements in the ordinary course and consistent with
    past practice approved by our board of directors;
•
in connection with public or broadly marketed offerings and
    sales of common stock or convertible securities for cash
    conducted by us or our affiliates pursuant to registration under
    the Securities Act, or Rule 144A thereunder on a basis
    consistent with capital-raising transactions by comparable
    financial institutions (but do not include other private
    transactions); and
•
in connection with the exercise of preemptive rights on terms
    existing as of December 5, 2008.
Other Distributions.
If we declare any
    dividends or distributions other than our historical, ordinary
    cash dividends, the exercise price of the Warrant will be
    adjusted to reflect such distribution.
Certain Repurchases.
If we effect a pro rata
    repurchase of common stock both the number of shares issuable
    upon exercise of the Warrant and the exercise price will be
    adjusted.
Business Combinations.
In the event of a
    merger, consolidation or similar transaction by us that requires
    shareholder approval, the warrantholder's right to receive
    shares of our common stock upon exercise of the Warrant shall be
    converted into the right to exercise the Warrant for the
    consideration that would have been payable to the warrantholder
    with respect to the shares of common stock for which the Warrant
    may be exercised, as if the Warrant had been exercised prior to
    such merger, consolidation or similar transaction.
Repurchase
Following the redemption in whole of the Series B Preferred
    Stock held by the warrantholder or the transfer by the
    warrantholder of all of its Series B Preferred Stock to one
    or more unaffiliated third parties, we may, upon notice to the
    warrantholder, repurchase any portion of the Warrant at any time
    at Fair Market Value.
"Fair Market Value" is first determined by our board
    of directors, acting in good faith in reliance on an opinion of
    a nationally recognized independent investment banking firm. If
    the warrantholder disagrees with our board of directors'
    determination, it may object within ten days. Following such an
    objection, an authorized representative of
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the warrantholder and our chief executive officer will promptly
    meet to agree upon the Fair Market Value. If, after ten days
    following the objection of the warrantholder, such parties are
    unable to agree on the Fair Market Value, the Appraisal
    Procedure may be invoked by either party within thirty days of
    the warrantholder's objection.
"Appraisal Procedure" means a procedure whereby two
    independent appraisers, one chosen by the warrantholder and one
    chosen by us, mutually agree on the Fair Market Value. If the
    two independent appraisers are unable to agree, a third
    independent appraiser will be chosen by mutual consent of the
    first two appraisers. In certain cases where the determination
    of one appraiser differs widely from those of the other two
    appraisers, the disparate appraisal may be excluded. Whether or
    not an appraisal is so excluded, the Fair Market Value is the
    average of the included appraisals.
Anti-Takeover Effects of Certain Provisions of Our Charter
    Documents, Shareholder Rights Plan, and Law
The following is a summary of certain provisions of law, our
    articles of incorporation and bylaws, and our shareholder rights
    plan, that may have the effect of discouraging, delaying or
    preventing a change of control, change in management or an
    unsolicited acquisition proposal that a shareholder might
    consider favorable, including proposals that might result in the
    payment of a premium over the market price for the shares held
    by our shareholders. This summary does not purport to be
    complete and is qualified in its entirety by reference to the
    laws and documents referenced.
With respect to our charter documents and our shareholder rights
    plan, while such provisions might be deemed to have some
    "anti-takeover" effect, the principal effect of these
    provisions is to protect our shareholders generally and to
    provide our board of directors and shareholders a reasonable
    opportunity to evaluate and respond to such unsolicited
    acquisition proposals.
Charter
    Documents
Our authorized shares of common stock or preferred stock may be
    used by the board of directors consistent with its fiduciary
    duty to deter future attempts to gain control of us. The board
    of directors also has sole authority to determine the terms of
    any one or more series of preferred stock, including voting
    rights, conversion rates and liquidation preferences. As a
    result of the ability to fix voting rights for a series of
    preferred stock, the board of directors has the power, to the
    extent consistent with its fiduciary duty, to issue a series of
    preferred stock to persons friendly to management in order to
    attempt to block a post-tender offer merger or other transaction
    by which a third party seeks control, and thereby assist
    management to retain its position. Our bylaws impose certain
    notice and information requirements in connection with the
    nomination by shareholders of candidates for election to the
    board of directors or the proposal by shareholders of business
    to be acted upon at any annual or special meeting of
    shareholders.
Shareholder
    Rights Plan
Our shareholder rights plan, adopted by our board of directors
    on June 21, 2000, is designed to maximize long-term value
    and to protect our shareholders from improper takeover tactics
    and takeover bids which are not fair to all shareholders. In
    accordance with the shareholder rights plan, preferred share
    purchase rights were distributed as a dividend at the rate of
    one right to purchase one one-thousandth of a share of our
    Series A Preferred Stock at an initial exercise price of
    $50.00, upon the occurrence of certain triggering events. The
    exercise price and the number of shares of Series A
    Preferred Stock issuable upon exercise are subject to adjustment
    from time to time to prevent dilution.
The rights become exercisable, and will begin to trade
    separately from our common stock, upon the earlier of
    (1) 10 days following a public announcement that a
    person or group of affiliated persons has acquired, or obtained
    the right to acquire, beneficial ownership of 20% or more of our
    outstanding common stock and (2) ten business days (or such
    later day as determined by the board of directors) after a
    person or group announces a tender offer or exchange offer, the
    consummation of which would result in ownership by a person or
    group of 20% or more of our common stock. Each right will
    entitle the holder to purchase our common stock having a current
    market value of twice the exercise price of the right. If we are
    acquired through a merger or other business combination
    transaction,
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or if there is a sale of more than 50% of our assets or earning
    power, each right will entitle the holder (other than rights
    held by the acquiring person) to purchase, at the exercise
    price, common stock of the acquiring entity having a value of
    twice the exercise price at the time.
Our board of directors has the option, at any time after a
    person becomes a 20% holder of our outstanding common stock, to
    exchange all or part of the rights (other than rights held by
    the acquiring person) for shares of our common stock provided
    that we may not make such an exchange after the person becomes
    the beneficial owner of 50% or more of our outstanding stock.
We may redeem the rights for $.01 each at any time on, or prior
    to, public announcement that a person has become the beneficial
    owner of 20% or more of our common stock. The rights will expire
    on June 21, 2010, unless earlier redeemed or exchanged.
Until a right is exercised, the holder will have no rights as a
    shareholder (other than any rights resulting from the
    holder's ownership of our common stock), including the
    right to vote or receive dividends.
California
    and Federal Banking Law
The following discussion is a summary of certain provisions of
    California and federal law and regulations which may be deemed
    to have "anti-takeover" effects. The description of
    these provisions is necessarily general and reference should be
    made to the actual law and regulations.
Federal law prohibits a person or group of persons "acting
    in concert" from acquiring "control" of a bank
    holding company unless the Federal Reserve Board has been given
    60 days prior written notice of such proposed acquisition
    and within that time period the Federal Reserve has not issued a
    notice disapproving the proposed acquisition or extending for up
    to another 30 days the period during which such a
    disapproval may be issued. An acquisition may be made prior to
    the expiration of the disapproval period if the Federal Reserve
    issues written notice of its intent not to disapprove the
    action. Under a rebuttable presumption established by the
    Federal Reserve, the acquisition of 10% or more of a class of
    voting stock of a bank or bank holding company with a class of
    securities registered under Section 12 of the Exchange Act
    would, under the circumstances set forth in the presumption,
    constitute the acquisition of control. In addition, any
    "company" would be required to obtain the approval of
    the Federal Reserve under the Bank Holding Company Act before
    acquiring 25% (5% in the case of an acquiror that is, or is
    deemed to be, a bank holding company) or more of any class of
    voting stock, or such lesser number of shares as may constitute
    control.
Under the California Financial Code, no person shall, directly
    or indirectly, acquire control of a California state bank or its
    holding company unless the Department of Financial Institutions
    has approved such acquisition of control. A person would be
    deemed to have acquired control of Citizens Business Bank if
    such person, directly or indirectly, has the power (1) to
    vote 25% or more of the voting power of Citizens Business Bank,
    or (2) to direct or cause the direction of the management
    and policies of Citizens Business Bank. For purposes of this
    law, a person who directly or indirectly owns or controls 10% or
    more of our outstanding common stock would be presumed to
    control Citizens Business Bank.
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Table of Contents
U.S.
    FEDERAL TAX CONSIDERATIONS FOR
NON-U.S.
HOLDERS OF OUR COMMON STOCK
The following is a general discussion of certain
    U.S. federal income tax considerations with respect to the
    ownership and disposition of shares of our common stock
    applicable to
non-U.S. holders
who acquire such shares in this offering and hold such shares as
    a capital asset (generally, property held for investment). For
    purposes of this discussion, a
"non-U.S. holder"
means a beneficial owner of our common stock (other than an
    entity or arrangement that is treated as a partnership for
    U.S. federal income tax purposes) that is not, for
    U.S. federal income tax purposes, any of the following:
•
a citizen or resident of the United States;
•
a corporation or other business entity taxable as a corporation
    created or organized in the United States or under the laws of
    the United States, any state thereof or the District of Columbia;
•
an estate, the income of which is includible in gross income for
    U.S. federal income tax purposes regardless of its
    source; or
•
a trust if (a) a court within the United States is able to
    exercise primary supervision over the administration of the
    trust and one or more U.S. persons have the authority to
    control all substantial decisions of the trust or (b) such
    trust has made a valid election to be treated as a
    U.S. person for U.S. federal income tax purposes.
This discussion is based on current provisions of the Code,
    Treasury regulations promulgated thereunder, judicial opinions,
    published positions of the Internal Revenue Service and other
    applicable authorities, all of which are subject to change
    (possibly with retroactive effect). This discussion does not
    address all aspects of U.S. federal income taxation that
    may be important to a particular
non-U.S. holder
in light of that
non-U.S. holder's
individual circumstances, nor does it address any aspects of
    U.S. federal estate and gift, state, local or
non-U.S. taxes.
This discussion may not apply, in whole or in part, to
    particular
non-U.S. holders
in light of their individual circumstances or to holders subject
    to special treatment under the U.S. federal income tax laws
    (such as insurance companies, tax-exempt organizations,
    financial institutions, brokers or dealers in securities,
    "controlled foreign corporations," "passive
    foreign investment companies,"
non-U.S. holders
that hold our common stock as part of a straddle, hedge,
    conversion transaction or other integrated investment, and
    certain U.S. expatriates).
If a partnership (or other entity or arrangement treated as a
    partnership for U.S. federal income tax purposes) holds our
    common stock, the tax treatment of a partner will generally
    depend on the status of the partner and the activities of the
    partnership. Partners of a partnership holding our common stock
    should consult their tax advisor as to the particular
    U.S. federal income tax consequences applicable to them.
THIS SUMMARY IS FOR GENERAL INFORMATION ONLY AND IS NOT INTENDED
    TO CONSTITUTE A COMPLETE DESCRIPTION OF ALL TAX CONSEQUENCES FOR
NON-U.S. HOLDERS
RELATING TO THE OWNERSHIP AND DISPOSITION OF OUR COMMON STOCK.
    PROSPECTIVE HOLDERS OF OUR COMMON STOCK SHOULD CONSULT WITH
    THEIR TAX ADVISORS REGARDING THE TAX CONSEQUENCES TO THEM
    (INCLUDING THE APPLICATION AND EFFECT OF ANY STATE, LOCAL,
    FOREIGN INCOME AND OTHER TAX LAWS) OF THE OWNERSHIP AND
    DISPOSITION OF OUR COMMON STOCK.
Dividends
In general, any distributions we make to a
non-U.S. holder
with respect to its shares of our common stock that constitutes
    a dividend for U.S. federal income tax purposes will be
    subject to U.S. withholding tax at a rate of 30% of the
    gross amount, unless the
non-U.S. holder
is eligible for a reduced rate of withholding tax under an
    applicable tax treaty and the
non-U.S. holder
provides proper certification of its eligibility for such
    reduced rate. A distribution will constitute a dividend for
    U.S. federal income tax purposes to the extent of our
    current and accumulated earnings and profits as determined for
    U.S. federal income tax purposes. Any distribution not
    constituting a dividend will be treated first as reducing the
    adjusted basis in the
non-U.S. holder's
shares of our common stock and, to the extent it exceeds the
    adjusted basis in the
non-U.S. holder's
shares of our common stock, as gain from the sale or exchange of
    such stock.
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Dividends we pay to a
non-U.S. holder
that are effectively connected with its conduct of a trade or
    business within the United States (and, if a tax treaty applies,
    are attributable to a U.S. permanent establishment) will
    not be subject to U.S. withholding tax, as described above,
    if the
non-U.S. holder
complies with applicable certification and disclosure
    requirements. Instead, such dividends generally will be subject
    to U.S. federal income tax on a net income basis, in the
    same manner as if the
non-U.S. holder
were a resident of the United States. Dividends received by a
    foreign corporation that are effectively connected with its
    conduct of trade or business within the United States may be
    subject to an additional branch profits tax at a rate of 30% (or
    such lower rate as may be specified by an applicable tax treaty).
Gain on
    Sale or Other Disposition of Common Stock
In general, a
non-U.S. holder
will not be subject to U.S. federal income tax on any gain
    realized upon the sale or other disposition of the
non-U.S. holder's
shares of our common stock unless:
•
the gain is effectively connected with a trade or business
    carried on by the
non-U.S. holder
within the United States (and, if required by an applicable tax
    treaty, is attributable to a U.S. permanent establishment
    of such
non-U.S. holder);
•
the
non-U.S. holder
is an individual and is present in the United States for
    183 days or more in the taxable year of disposition and
    certain other conditions are met; or
•
we are or have been a U.S. real property holding
    corporation for U.S. federal income tax purposes at any
    time within the shorter of the five-year period preceding such
    disposition or such
non-U.S. holder's
holding period of our common stock.
We believe that we are not currently, and do not anticipate
    becoming, a U.S. real property holding corporation.
Gain that is effectively connected with the conduct of a trade
    or business in the United States (or so treated) generally will
    be subject to U.S. federal income tax, net of certain
    deductions, at regular U.S. federal income tax rates. If
    the
non-U.S. holder
is a foreign corporation, the branch profits tax described above
    also may apply to such effectively connected gain. An individual
non-U.S. holder
who is subject to U.S. federal income tax because the
non-U.S. holder
was present in the United States for 183 days or more
    during the year of sale or other disposition of our common stock
    will be subject to a flat 30% tax on the gain derived from such
    sale or other disposition, which may be offset by United States
    source capital losses.
Backup
    Withholding, Information Reporting and Other Reporting
    Requirements
We must report annually to the Internal Revenue Service and to
    each
non-U.S. holder
the amount of dividends paid to, and the tax withheld with
    respect to, each
non-U.S. holder.
These reporting requirements apply regardless of whether
    withholding was reduced or eliminated by an applicable tax
    treaty. Copies of this information reporting may also be made
    available under the provisions of a specific tax treaty or
    agreement with the tax authorities in the country in which the
non-U.S. holder
resides or is established.
A
non-U.S. holder
will generally be subject to backup withholding for dividends on
    our common stock paid to such holder unless such holder
    certifies under penalties of perjury that, among other things,
    it is a
non-U.S. holder
(and the payor does not have actual knowledge or reason to know
    that such holder is a U.S. person as defined under the
    Code).
Information reporting and backup withholding generally are not
    required with respect to the amount of any proceeds from the
    sale or other disposition of our common stock by a
non-U.S. holder
outside the United States through a foreign office of a foreign
    broker that does not have certain specified connections to the
    United States. However, if a
non-U.S. holder
sells or otherwise disposes its shares of our common stock
    through a U.S. broker or the U.S. offices of a foreign
    broker, the broker will generally be required to report the
    amount of proceeds paid to the
non-U.S. holder
to the Internal Revenue Service and also backup withhold on that
    amount unless such
non-U.S. holder
provides appropriate certification to the broker of its status
    as a
non-U.S. person
or otherwise establish an exemption (and the payor does not have
    actual knowledge or reason to know that such holder is a
    U.S. person as defined under the Code). Information
    reporting, but generally not backup withholding, will also
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apply if a broker has certain connections with the United States
    unless such broker has documentary evidence in its records that
    such
non-U.S. holder
is a
non-U.S. person
and certain other conditions are met, or an exemption is
    otherwise established.
Backup withholding is not an additional income tax. Any amounts
    withheld under the backup withholding rules from a payment to a
non-U.S. holder
generally can be credited against the
non-U.S. holder's
U.S. federal income tax liability, if any, or refunded,
    provided that the required information is furnished to the
    Internal Revenue Service in a timely manner.
Non-U.S. holders
should consult their tax advisors regarding the application of
    the information reporting and backup withholding rules to them.
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CERTAIN
    ERISA CONSIDERATIONS
Each person considering the use of the assets of a pension,
    profit-sharing or other employee benefit plan, individual
    retirement account, or other retirement plan, account or
    arrangement to acquire our common stock should consider whether
    an investment in our common stock would be consistent with the
    documents and instruments governing the plan, and whether the
    investment would involve a prohibited transaction under
    Section 406 of the Employee Retirement Income Security Act
    of 1974, as amended ("ERISA") or Section 4975 of
    the Code.
Section 406 of ERISA and Section 4975 of the Code, as
    applicable, prohibit (i) employee benefit plans subject to
    Title I of ERISA, (ii) plans subject to
    Section 4975 of the Code, and (iii) any entity that
    holds plan assets by reason of investment in such entity by a
    plan described in (i) or (ii) above, including
    entities such as collective investment funds, partnerships,
    separate accounts, insurance company pooled separate accounts or
    insurance company general accounts (each of (i), (ii) and
    (iii), a "Plan," and collectively, "Plans"),
    from engaging in certain transactions involving "plan
    assets" with persons who are "parties in
    interest," under ERISA or "disqualified persons"
    under the Code with respect to the Plan. A violation of these
    prohibited transaction rules may result in civil penalties or
    other liabilities under ERISA
and/or
an
    excise tax under Section 4975 of the Code for those persons
    engaged in the prohibited transaction, unless exemptive relief
    is available under an applicable statutory, regulatory or
    administrative exemption. Certain governmental plans (as defined
    in Section 3(32) of ERISA), church plans (as defined in
    Section 3(33) of ERISA and Section 414(e) of the Code
    with respect to which the election provided by
    Section 410(d) of the Code has not been made), and foreign
    plans (as described in Section 4(b)(4) of ERISA) are not
    subject to the requirements of ERISA or Section 4975 of the
    Code but may be subject to similar provisions under applicable
    federal, state, local, foreign or other regulations, rules or
    laws ("Similar Laws").
We, and certain of our affiliates, are or may become
    "parties in interest" with respect to a number of
    Plans. Accordingly, the acquisition of shares of our common
    stock by a Plan from a person that is or becomes a "party
    in interest" may constitute or result in a prohibited
    transaction under ERISA or Section 4975 of the Code, unless
    shares of our common stock are acquired pursuant to and in
    accordance with an applicable exemption. In such situations, our
    common stock may not be purchased or held by any Plan or any
    person investing "plan assets" on behalf of any Plan,
    unless (i) such purchase is eligible for exemptive relief
    available under a Prohibited Transaction Class Exemption, or
    "PTCE," such as
PTCE 96-23,
PTCE 95-60,
PTCE 91-38,
PTCE 90-1
or
PTCE 84-14
issued by the U.S. Department of Labor, or (ii) there
    is some other basis upon which the purchase of our common stock
    would not be prohibited, such as the exemption under
    Section 408(b)(17) of ERISA and Section 4975(d)(20) of
    the Code, or the "Service Provider Exemption," for
    certain transactions with non-fiduciary service providers for
    adequate consideration.
Each purchaser of shares of our common stock or any interest
    therein, and each person making the decision to purchase shares
    of our common stock on behalf of any such purchaser will be
    deemed to have represented and warranted in both its individual
    capacity and its representative capacity (if any), that
    (a) its purchase of shares of our common stock is not made
    on behalf of or with "plan assets" of any Plan, or
    (b) if its purchase of shares of our common stock is made
    on behalf of or with "plan assets" of a Plan, then
    (i) its purchase of shares of our common stock will not
    result in a non-exempt prohibited transaction under
    Section 406 of ERISA and Section 4975 of the Code and
    (ii) neither we nor any of our affiliates are acting as a
    fiduciary (within the meaning of Section 3(21) of ERISA) in
    connection with the purchase of shares of our common stock and
    have not provided any advice that has formed or may form a basis
    for any investment decision concerning the purchase of shares of
    our common stock. Each purchaser of shares of our common stock
    or any interest therein on behalf of any governmental plan,
    church plan, and foreign plan will be deemed to have represented
    and warranted by its purchase of shares of our common stock or
    any interest therein that such purchase does not violate any
    applicable Similar Laws.
Due to the complexity of these rules and the penalties that may
    be imposed upon persons involved in nonexempt prohibited
    transactions, it is important that fiduciaries or other persons
    considering purchasing shares of our common stock on behalf of
    or with "plan assets" of any Plan consult with their
    counsel regarding the availability of exemptive relief under any
    of the PTCEs listed above or any other applicable exemption, or
    the potential consequences of any purchase under Similar Laws,
    as applicable.
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UNDERWRITING
We are offering the shares of our common stock described in this
    prospectus through Keefe, Bruyette & Woods, Inc. and
    Sandler O'Neill & Partners, L.P., as
    representatives of the several underwriters (collectively, the
    "Underwriters"). We have entered into an underwriting
    agreement with the Underwriters,
    dated
l
,
    2009 (the "Underwriting Agreement"). Subject to the
    terms and conditions of the Underwriting Agreement, each of the
    Underwriters has severally agreed to purchase the number of
    shares of common stock, no par value per share, listed next to
    its name in the following table:
Underwriter of Shares
Number
Keefe, Bruyette & Woods, Inc.
l
Sandler O'Neill & Partners, L.P.
l
Total
l
Our common stock is offered subject to a number of conditions,
    including receipt and acceptance of the common stock by the
    Underwriters.
In connection with this offering, certain of the Underwriters or
    securities dealers may distribute prospectuses electronically.
Director,
    officer and principal shareholder participation
At our request, the underwriters have reserved up
    to
l
shares
    of our common stock for sale, at the public offering price, to
    our directors, officers, principal shareholders and related
    persons. Any shares purchased under this directed share program
    are subject to
    a
l
-day
lock-up
period. The number of shares of our common stock available for
    sale to the general public will be reduced to the extent these
    persons purchase such reserved shares. Any reserved shares that
    are not so purchased will be offered by the underwriters to the
    general public on the same basis as the other shares offered by
    this prospectus.
Over-allotment
    option
We have granted the Underwriters an option to
    buy
l
additional
    shares of our common stock. The Underwriters may exercise this
    option solely for the purpose of covering over-allotments, if
    any, made in connection with this offering. The Underwriters
    have thirty (30) days from the date of this prospectus to
    exercise this option.
Commissions
    and discounts
Shares of common stock sold by the Underwriters to the public
    will initially be offered at the offering price set forth on the
    cover of this prospectus. Any shares of common stock sold by the
    Underwriters to securities dealers may be sold at a discount of
    up to
    $
l
per share from the public offering price. Any of these
    securities dealers may resell any shares of common stock
    purchased from the Underwriters to other brokers or dealers at a
    discount of up to
    $
l
per share from the public offering price. If all the shares of
    common stock are not sold at the public offering price, the
    representatives may change the offering price and the other
    selling terms. Sales of shares of common stock made outside of
    the United States may be made by affiliates of the Underwriters.
The following table shows the per share and total underwriting
    discounts and commissions we will pay to the Underwriters,
    assuming both no exercise and full exercise of the
    Underwriters' option to purchase an
    additional
l
shares
    of common stock:
No Exercise
Full Exercise
Per Share Total
l
l
Total
l
l
We estimate that the total expenses of this offering payable by
    us, not including the underwriting discounts and commissions but
    including our reimbursement of certain expenses of the
    Underwriters, will be approximately
    $
l
.
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No sales
    of similar securities
We and our executive officers and directors have entered into
lock-up
agreements with the Underwriters. Under these agreements, we and
    each of these persons may not, without the prior written
    approval of the representatives, subject to limited exceptions,
    offer, sell, contract to sell or otherwise dispose of or hedge
    our common stock or securities convertible into or exercisable
    or exchangeable for our common stock. These restrictions will be
    in effect for a period
    of
l
(
l
) days
    after the date of this prospectus. At any time and without
    public notice, the representatives may, in their sole
    discretion, release all or some of the securities from these
lock-up
agreements.
The
l
-day
    restricted period described above is subject to extension under
    limited circumstances. In the event that either (1) during
    the period that begins on the date that is 15 calendar days plus
    3 business days before the last day of
    the
l
-day
    restricted period and ends on the last day of
    the
l
-day
    restricted period, we issue an earnings release or material news
    or a material event relating to us occurs; or (2) prior to
    the expiration of
    the
l
-day
restricted period, we announce that we will release earnings
    results during the
16-day
period beginning on the last day of
    the
l
-day
    restricted period, then the restricted period will continue to
    apply until the expiration of the date that is 15 calendar days
    plus 3 business days after the date on which the earnings
    release is issued or the material news or material event
    relating to us occurs.
Indemnification
    and contribution
We have agreed to indemnify the Underwriters and their
    affiliates and controlling persons against certain liabilities.
    If we are unable to provide this indemnification, we will
    contribute to the payments the Underwriters, their affiliates
    and their controlling persons may be required to make in respect
    of those liabilities.
NASDAQ
    Global Select Market quotation
Our common stock is quoted on the NASDAQ Global Select Market
    under the symbol "CVBF."
Price
    stabilization, short positions and passive market
    making
In connection with this offering, the Underwriters may engage in
    activities that stabilize, maintain or otherwise affect the
    price of our common stock, including:
•
stabilizing transactions;
•
short sales;
•
purchases to cover positions created by short sales;
•
imposition of penalty bids;
•
syndicate covering transactions; and
•
passive market making.
Stabilizing transactions consist of bids or purchases made for
    the purpose of preventing or retarding a decline in the market
    price of our common stock while this offering is in progress.
    These transactions may also include making short sales of our
    common stock, which involve the sale by the Underwriters of a
    greater number of shares of common stock than they are required
    to purchase in this offering. Short sales may be "covered
    short sales," which are short positions in an amount not
    greater than the Underwriters' over-allotment option
    referred to above, or may be "naked short sales,"
    which are short positions in excess of that amount.
The Underwriters may close out any covered short position either
    by exercising their over-allotment option, in whole or in part,
    or by purchasing shares in the open market. In making this
    determination, the Underwriters will consider, among other
    things, the price of shares available for purchase in the open
    market compared to the price at which they may purchase shares
    through the over-allotment option. The Underwriters must close
    out any naked short position by purchasing shares in the open
    market. A naked short position is more likely to be created if
    the
34
Table of Contents
Underwriters are concerned that there may be downward pressure
    on the price of the common stock in the open market that could
    adversely affect investors who purchased in this offering.
As a result of these activities, the price of our common stock
    may be higher than the price that otherwise might exist in the
    open market. If these activities are commenced, they may be
    discontinued by the Underwriters at any time. The Underwriters
    may carry out these transactions on NASDAQ, in the
    over-the-counter market or otherwise.
In addition, in connection with this offering the Underwriters
    may engage in passive market making transactions in our common
    stock on NASDAQ prior to the pricing and completion of this
    offering. Passive market making consists of displaying bids on
    NASDAQ no higher than the bid prices of independent market
    makers and making purchases at prices no higher than these
    independent bids and effected in response to order flow. Net
    purchases by a passive market maker on each day are generally
    limited to a specified percentage of the passive market
    maker's average daily trading volume in the common stock
    during a specified period and must be discontinued when such
    limit is reached. Passive market making may cause the price of
    our common stock to be higher than the price that otherwise
    would exist in the open market in the absence of these
    transactions. If passive market making is commenced, it may be
    discontinued at any time.
Affiliations
The Underwriters and their affiliates have provided and may
    continue to provide certain commercial banking, financial
    advisory and investment banking services for us for which they
    receive fees.
The Underwriters and their affiliates may from time to time in
    the future engage in transactions with us and perform services
    for us in the ordinary course of their business.
Selling
    Restrictions
European
    Economic Area
In relation to each Member State of the European Economic Area
    which has implemented the Prospectus Directive (each, a Relevant
    Member State), each Underwriter has represented and agreed that
    with effect from and including the date on which the Prospectus
    Directive is implemented in that Relevant Member State (the
    Relevant Implementation Date) it has not made and will not make
    an offer of shares to the public in that Relevant Member State
    prior to the publication of a prospectus in relation to the
    shares which has been approved by the competent authority in
    that Relevant Member State or, where appropriate, approved in
    another Relevant Member State and notified to the competent
    authority in that Relevant Member State, all in accordance with
    the Prospectus Directive, except that it may, with effect from
    and including the Relevant Implementation Date, make an offer of
    shares to the public in that Relevant Member State at any time:
(a) legal entities which are authorized or regulated to
    operate in the financial markets or, if not so authorized or
    regulated, whose corporate purpose is solely to invest in
    securities;
(b) to any legal entity which has two or more of
    (1) an average of at least 250 employees during the
    last financial year; (2) a total balance sheet of more than
    €43,000,000 and (3) an annual net turnover of more
    than €50,000,000, as shown in its last annual or
    consolidated accounts;
(c) to fewer than 100 natural or legal persons (other than
    qualified investors as defined in the Prospectus Directive)
    subject to obtaining the prior consent of the representatives
    for any such offer; or
(d) in any other circumstances which do not require the
    publication by the Issuer of a prospectus pursuant to
    Article 3 of the Prospectus Directive.
For the purposes of this provision, the expression an
    "offer of shares to the public" in relation to any
    shares in any Relevant Member State means the communication in
    any form and by any means of sufficient information on the terms
    of the offer and the shares to be offered so as to enable an
    investor to decide to purchase or subscribe for the shares, as
    the same may be varied in that Relevant Member State by any
    measure implementing the Prospectus Directive in that Relevant
    Member State, and the expression Prospectus Directive means
    Directive 2003/71/EC and includes any relevant implementing
    measure in each Relevant Member State.
35
Table of Contents
United
    Kingdom
Each Underwriter has represented and agreed that:
(a) it has only communicated or caused to be communicated
    and will only communicate or cause to be communicated an
    invitation or inducement to engage in investment activity
    (within the meaning of Section 21 of the Financial Services
    and Markets Act 2000, as amended (the "FSMA"))
    received by it in connection with the issue or sale of the
    shares in circumstances in which Section 21(1) of the FSMA
    does not apply to the Issuer; and
(b) it has complied and will comply with all applicable
    provisions of the FSMA with respect to anything done by it in
    relation to the shares in, from or otherwise involving the
    United Kingdom.
LEGAL
    MATTERS
The validity of the shares of common stock offered by this
    prospectus will be passed upon for us by Manatt,
    Phelps & Phillips, LLP, Los Angeles, California.
    Certain legal matters will be passed upon for the underwriters
    by Skadden, Arps, Slate, Meagher & Flom LLP, Los
    Angeles, California.
EXPERTS
The consolidated financial statements of the Company
    incorporated from our Annual Report on
Form 10-K
for the years ended December 31, 2008 and 2007, and for
    each of the years in the two-year period ended December 31,
    2008, and management's assessment of the effectiveness of
    internal control over financial reporting as of
    December 31, 2008, have been incorporated by reference
    herein in reliance upon the reports of KPMG LLP, independent
    registered public accounting firm, incorporated by reference
    herein, and upon the authority of said firm as experts in
    accounting and auditing.
The consolidated financial statements for the year ended
    December 31, 2006 have been incorporated by reference
    herein in reliance upon the report of McGladrey &
    Pullen, LLP, independent registered public accounting firm,
    incorporated by reference herein, and upon the authority of said
    firm as experts in accounting and auditing.
36
Table of Contents
l
Shares
CVB Financial Corp.
Common Stock
Keefe, Bruyette &
    Woods
Sandler O'Neill +
    Partners, L.P.
l
,
    2009
Table of Contents
PART II
INFORMATION
    NOT REQUIRED IN PROSPECTUS
Item 13.
Other
    Expenses of Issuance and Distribution.
The following table sets forth the various expenses to be
    incurred in connection with the sale and distribution of the
    Securities being registered hereby, all of which will be borne
    by us (except any underwriting discounts and commissions and
    expenses incurred for brokerage, accounting, tax or legal
    services or any other expenses incurred in disposing of the
    shares). All amounts shown are estimates except the SEC
    registration fee.
SEC registration fee
$
6,417
FINRA filing fee
$
12,000
Legal fees and expenses
$
300,000
Accounting fees and expenses
$
150,000
Printing fees and expenses
$
9,000
Miscellaneous expenses
$
10,000
Total Expenses
$
487,417
Item 14.
Indemnification
    of Directors and Officers.
Section 317 of the California General Corporation Law
    authorizes a court to award, or a corporation's board of
    directors to grant indemnity to directors, officers, employees
    and other agents of the corporation in terms sufficiently broad
    to permit such indemnification under certain circumstances for
    liabilities (including reimbursement for expenses incurred)
    arising under the Securities Act of 1933, as amended.
Our board of directors has resolved to indemnify our officers
    and directors to the fullest extent permitted by
    Section 317 of the California General Corporation Law and
    Article Five of our articles of incorporation and
    Section 7.1 of our bylaws authorize us to provide for
    indemnification of our officers and directors to the same
    extent. This indemnification limits the personal monetary
    liability of directors in performing their duties on behalf of
    us, to the extent permitted by the California General
    Corporation Law, and permits the registrant to indemnify its
    directors and officers against certain liabilities and expenses,
    to the extent permitted by the California General Corporation
    Law.
In addition, we maintain directors' and officers'
    liability insurance that insures our directors and officers
    against certain liabilities, including certain liabilities under
    the Securities Act of 1933.
Item 16.
Exhibits
EXHIBIT
NUMBER
DESCRIPTION
1
.1
Underwriting Agreement*
3
.1
Articles of Incorporation of CVB Financial Corp., as amended(1)
3
.2
Bylaws of CVB Financial Corp., as amended(1)
3
.3
Certificate of Determination of Participating Series A
    Preferred Stock (See Exhibit 3.1 hereto)
3
.4
Certificate of Determination of Participating Series B
    Preferred Stock(1)
4
.1
Form of Certificate for the Common Stock(2)
4
.2
Preferred Shares Rights Agreement, dated as of June 21,
    2000, between CVB Financial Corp. and U.S. Stock Transfer
    Corp.(3)
4
.3
Warrant to purchase up to 1,669,521 shares of Common Stock,
    issued on December 8, 2008(15)
4
.4
Form of Rights Certificate (See Exhibit 4.2 hereto)
4
.5
Summary of Rights (See Exhibit 4.2 hereto)
4
.6
Form of Preferred Share Certificate for Fixed Rate Cumulative
    Perpetual Preferred Stock, Series B(15)
II-1
Table of Contents
EXHIBIT
NUMBER
DESCRIPTION
5
.1
Opinion of Manatt, Phelps & Phillips, LLP regarding
    validity of the common stock being registered
10
.1(a)
Employment Agreement by and among Christopher D. Myers, CVB
    Financial Corp. and Citizens Business Bank, dated June 1,
    2006†(4)
10
.1(b)
Restricted Stock Agreement by and between CVB Financial Corp.
    and Christopher D. Myers dated June 1, 2006†(4)
10
.1(c)
Deferred Compensation Plan for Christopher D. Myers, effective
    January 1, 2007†(14)
10
.2
Chino Valley Bank Profit Sharing Plan, as amended†(5)
10
.3
Form of Indemnification Agreement(6)
10
.4
CVB Financial Corp. 1991 Stock Option Plan, as amended†(7)
10
.5
CVB Financial Corp. 2000 Stock Option Plan†(8)
10
.6(a)
CVB Financial Corp. 2008 Equity Incentive Plan†(16)
10
.6(b)
Form of Stock Option Agreement pursuant to the 2008 Equity
    Compensation Plan†(9)
10
.6(c)
Form of Restricted Stock Agreement pursuant to the 2008 Equity
    Compensation Plan†(9)
10
.7
CVB Financial Corp. Discretionary Performance Compensation Plan
    2008†(9)
10
.8
The Executive NonQualified Excess PlanSM Plan Document effective
    February 21, 2007†(14)
10
.9
D. Linn Wiley Consulting Agreement dated April 16,
    2008†(17)
10
.10
Jay Coleman Consulting and Confidentiality Agreement, dated
    December 5, 2008†(18)
10
.11
Severance Compensation Agreement for Edward J. Biebrich, dated
    December 31, 2008†(10)
10
.12
Outside Directors' Compensation†(11)
10
.13
Base Salaries for Named Executive Officers of the
    Registrant†(12)
10
.14(a)
Offer letter for Christopher A. Walters, dated June 13,
    2007†(13)
10
.14(b)
Severance Compensation Agreement for Christopher A. Walters,
    dated December 31, 2008†(10)
10
.15(a)
Offer letter for James F. Dowd, dated May 16, 2008†(1)
10
.15(b)
Severance Compensation Agreement for James F. Dowd, dated
    December 31, 2008†(10)
10
.16(a)
Offer letter for Todd E. Hollander, dated April 21,
    2008†(1)
10
.16(b)
Severance Compensation Agreement for Todd E. Hollander, dated
    December 31, 2008†(10)
10
.17
Form of Waiver, executed by each of Messrs. Christopher D.
    Myers, Edward J. Biebrich, Jr., Jay W. Coleman, James F. Dowd,
    Christopher Walters and Todd E. Hollander as to certain
    compensation benefits†(15)
10
.18
Form of Consent, executed by each of Messrs. Christopher D.
    Myers, Edward J. Biebrich, Jr., Jay W. Coleman, James F. Dowd,
    Christopher A. Walters and Todd E. Hollander, to adoption of
    amendments to Benefit Plans as required by Section 111(b)
    of EESA†(15)
10
.19
Letter Agreement, dated December 5, 2008, including the
    Securities Purchase Agreement Standard Terms incorporated by
    reference therein, between CVB Financial Corp. and the U.S.
    Treasury(15)
12
.1
Statement regarding computation of ratios
21
.1
Subsidiaries of CVB Financial Corp.(1)
23
.1
Consent of KPMG LLP
23
.2
Consent of McGladrey & Pullen, LLP
23
.3
Consent of Manatt, Phelps & Phillips, LLP (included in
    Exhibit 5.1 filed herewith)
24
.1
Powers of Attorney (included in the signature pages to the
    Registration Statement)
*
To be filed by amendment.
†
Indicates a management contract or compensation plan.
II-2
Table of Contents
Except as noted below,
Form 8-A12G,
Form 8-K,
Form 10-K
and Form DEF 14A identified in the exhibit index have SEC
    file number
000-10140.
Δ We have entered into the following trust preferred
    security issuances and agree to furnish a copy to the SEC upon
    request:
(a) Indenture dated as of December 17, 2003 by and
    between CVB Financial Corp. and U.S. Bank, National Association,
    as Trustee (CVB Statutory Trust I).
(b) Indenture dated as of December 5, 2003, by and
    between CVB Financial Corp. and Wells Fargo Bank, National
    Association, as Trustee (CVB Statutory Trust II).
(c) Indenture by and between CVB Financial Corp. and U.S.
    Bank, National Association, as Trustee, dated as of
    January 31, 2006 (CVB Statutory Trust III).
(d) Indenture by and between FCB and Wells Fargo Bank,
    National Association, as Trustee, acquired on June 22, 2007
    (FCB Statutory Trust II).
(1)
Incorporated herein by reference from our Annual Report on
Form 10-K
filed with the SEC on February 27, 2009.
(2)
Incorporated herein by reference from our
Form 8-A12G
filed with the SEC on June 11, 2001.
(3)
Incorporated herein by reference from our
Form 8-A12G
filed with the SEC on June 22, 2000.
(4)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on June 7, 2006.
(5)
Filed as Exhibits 10.3 to Registrant's Annual Report
    on
Form 10-K
for the fiscal year ended December 31, 1990, which is
    incorporated herein by this reference.
(6)
Filed as Exhibit 10.13 to Registrant's Annual Report
    on
Form 10-K
for the fiscal year ended December 31, 1988, which is
    incorporated herein by this reference.
(7)
Incorporated herein by reference from our Quarterly Report on
Form 10-Q
filed with the SEC on May 13, 1998, Commission file number
    1-10394.
(8)
Incorporated herein by reference from our Registration Statement
    on
Form S-8
filed with the SEC on July 12, 2000, Commission file number
333-41198.
(9)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on May 23, 2008.
(10)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on January 7, 2009.
(11)
Incorporated herein by reference from our Annual Report on
Form 10-K
filed with the SEC on March 14, 2005.
(12)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on March 24, 2008.
(13)
Incorporated herein by reference from our Quarterly Report on
Form 10-Q
filed with the SEC on August 8, 2007.
(14)
Incorporated herein by reference from our Annual Report on
Form 10-K
filed with the SEC on March 1, 2007.
(15)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on December 8, 2008.
(16)
Incorporated herein by reference from our Definitive Proxy
    Statement on Form DEF 14A filed with the SEC on April, 16,
    2008.
(17)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on April 18, 2008.
(18)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on January 2, 2009.
Item 17.
Undertakings.
Insofar as indemnification for liabilities arising under the
    Securities Act of 1933 may be permitted to directors,
    officers and controlling persons of the registrant pursuant to
    the indemnification provisions described herein, or otherwise,
    the registrant has been advised that in the opinion of the
    Securities and Exchange Commission such indemnification is
    against public policy as expressed in the Securities Act of 1933
    and is, therefore, unenforceable. In the event that a claim for
    indemnification against such liabilities (other than the payment
    by the registrant of expenses incurred or paid by a director,
    officer or controlling person of the registrant in the
    successful defense of any
II-3
Table of Contents
action, suit or proceeding) is asserted by such director,
    officer or controlling person in connection with the securities
    being registered, the registrant will, unless in the opinion of
    its counsel the matter has been settled by controlling
    precedent, submit to a court of appropriate jurisdiction the
    question whether such indemnification by it is against public
    policy as expressed in the Securities Act of 1933 and will be
    governed by the final adjudication of such issue.
The undersigned registrant hereby undertakes that:
(1) For purposes of determining any liability under the
    Securities Act of 1933, the information omitted from the form of
    prospectus as filed as part of this registration statement in
    reliance upon Rule 430A and contained in a form of
    prospectus filed by the registrant pursuant to
    Rule 424(b)(1) or (4) or 497(h) under the Securities Act of
    1933 shall be deemed to be part of this registration statement
    as of the time it was declared effective.
(2) For the purpose of determining any liability under the
    Securities Act of 1933, each post-effective amendment that
    contains a form of prospectus shall be deemed to be a new
    registration statement relating to the securities offered
    therein, and the offering of such securities at that time shall
    be deemed to be the initial
bona fide
offering thereof.
II-4
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as
    amended, the Registrant certifies that it has reasonable grounds
    to believe that it meets all of the requirements for filing on
Form S-1
and has duly caused this Registration Statement to be signed on
    its behalf by the undersigned, thereunto duly authorized in the
    City of Ontario, State of California, on June 3, 2009.
CVB FINANCIAL CORP.
By:
/s/  Christopher
    D. Myers
Christopher D. Myers
President and Chief Executive Officer
Power of
    Attorney
Each person whose signature appears below appoints Christopher
    D. Myers and Edward J. Biebrich, Jr., and each of them
    acting individually, as his or her true and lawful
    attorneys-in-fact and agents, with full power of substitution
    and resubstitution, for him or her and in his or her name, place
    and stead, in any and all capacities, to sign any and all
    amendments (including post-effective amendments) to this
    Registration Statement and any registration statement (including
    any amendment thereto) of the Registrant to be filed after the
    date hereof pursuant to Rule 462 under the Securities Act
    of 1933, as amended, and to file the same, with all exhibits
    thereto, and all other documents in connection therewith, with
    the Securities and Exchange Commission, granting unto said
attorneys-in-fact
and agents full power and authority to do and perform each and
    every act and thing requisite and necessary to be done, as fully
    to all intents and purposes as he or she might or would do in
    person, hereby ratifying and confirming all that said
    attorneys-in fact and agents or any of them or their or his or
    her substitute and substitutes, may lawfully do or cause to be
    done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as
    amended, this Registration Statement has been signed by the
    following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/  Christopher
    D. Myers
Christopher
    D. Myers
President and Chief Executive Officer (Principal Executive
    Officer), Director
June 3, 2009
/s/  Edward
    J. Biebrich, Jr.
Edward J. Biebrich, Jr.
Executive Vice President and Chief Financial Officer (Principal
    Financial Officer, Principal Accounting Officer)
June 3, 2009
/s/  George
    A. Borba
George
    A. Borba
Chairman of the Board of Directors
June 3, 2009
/s/  John
    A. Borba
John
    A. Borba
Director
June 3, 2009
/s/  Ronald
    O. Kruse
Ronald
    O. Kruse
Vice Chairman of the Board of Directors
June 3, 2009
Robert
    M. Jacoby
Director
June 3, 2009
II-5
Table of Contents
Signature
Title
Date
/s/  James
    C. Seley
James
    C. Seley
Director
June 3, 2009
/s/  San E.
    Vaccaro
San E.
    Vaccaro
Director
June 3, 2009
/s/  D.
    Linn Wiley
D.
    Linn Wiley
Vice Chairman of the Board of Directors
June 3, 2009
II-6
Table of Contents
EXHIBIT INDEX
EXHIBIT
NUMBER
DESCRIPTION
1
.1
Underwriting Agreement*
3
.1
Articles of Incorporation of CVB Financial Corp., as amended(1)
3
.2
Bylaws of CVB Financial Corp., as amended(1)
3
.3
Certificate of Determination of Participating Series A
    Preferred Stock (See Exhibit 3.1 hereto)
3
.4
Certificate of Determination of Participating Series B
    Preferred Stock(1)
4
.1
Form of Certificate for the Common Stock(2)
4
.2
Preferred Shares Rights Agreement, dated as of June 21,
    2000, between CVB Financial Corp. and U.S. Stock Transfer
    Corp.(3)
4
.3
Warrant to purchase up to 1,669,521 shares of Common Stock,
    issued on December 8, 2008(15)
4
.4
Form of Rights Certificate (See Exhibit 4.2 hereto)
4
.5
Summary of Rights (See Exhibit 4.2 hereto)
4
.6
Form of Preferred Share Certificate for Fixed Rate Cumulative
    Perpetual Preferred Stock, Series B(15)
5
.1
Opinion of Manatt, Phelps & Phillips, LLP regarding
    validity of the common stock being registered
10
.1(a)
Employment Agreement by and among Christopher D. Myers, CVB
    Financial Corp. and Citizens Business Bank, dated June 1,
    2006†(4)
10
.1(b)
Restricted Stock Agreement by and between CVB Financial Corp.
    and Christopher D. Myers dated June 1, 2006†(4)
10
.1(c)
Deferred Compensation Plan for Christopher D. Myers, effective
    January 1, 2007†(14)
10
.2
Chino Valley Bank Profit Sharing Plan, as amended†(5)
10
.3
Form of Indemnification Agreement(6)
10
.4
CVB Financial Corp. 1991 Stock Option Plan, as amended†(7)
10
.5
CVB Financial Corp. 2000 Stock Option Plan†(8)
10
.6(a)
CVB Financial Corp. 2008 Equity Incentive Plan†(16)
10
.6(b)
Form of Stock Option Agreement pursuant to the 2008 Equity
    Compensation Plan†(9)
10
.6(c)
Form of Restricted Stock Agreement pursuant to the 2008 Equity
    Compensation Plan†(9)
10
.7
CVB Financial Corp. Discretionary Performance Compensation Plan
    2008†(9)
10
.8
The Executive NonQualified Excess PlanSM Plan Document effective
    February 21, 2007†(14)
10
.9
D. Linn Wiley Consulting Agreement dated April 16,
    2008†(17)
10
.10
Jay Coleman Consulting and Confidentiality Agreement, dated
    December 5, 2008†(18)
10
.11
Severance Compensation Agreement for Edward J. Biebrich, dated
    December 31, 2008†(10)
10
.12
Outside Directors' Compensation†(11)
10
.13
Base Salaries for Named Executive Officers of the
    Registrant†(12)
10
.14(a)
Offer letter for Christopher A. Walters, dated June 13,
    2007†(13)
10
.14(b)
Severance Compensation Agreement for Christopher A. Walters,
    dated December 31, 2008†(10)
10
.15(a)
Offer letter for James F. Dowd, dated May 16, 2008†(1)
10
.15(b)
Severance Compensation Agreement for James F. Dowd, dated
    December 31, 2008†(10)
10
.16(a)
Offer letter for Todd E. Hollander, dated April 21,
    2008†(1)
10
.16(b)
Severance Compensation Agreement for Todd E. Hollander, dated
    December 31, 2008†(10)
10
.17
Form of Waiver, executed by each of Messrs. Christopher D.
    Myers, Edward J. Biebrich, Jr., Jay W. Coleman, James F. Dowd,
    Christopher Walters and Todd E. Hollander as to certain
    compensation benefits†(15)
10
.18
Form of Consent, executed by each of Messrs. Christopher D.
    Myers, Edward J. Biebrich, Jr., Jay W. Coleman, James F. Dowd,
    Christopher A. Walters and Todd E. Hollander, to adoption of
    amendments to Benefit Plans as required by Section 111(b)
    of EESA†(15)
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Table of Contents
EXHIBIT
NUMBER
DESCRIPTION
10
.19
Letter Agreement, dated December 5, 2008, including the
    Securities Purchase Agreement Standard Terms incorporated by
    reference therein, between CVB Financial Corp. and the U.S.
    Treasury(15)
12
.1
Statement regarding computation of ratios
21
.1
Subsidiaries of CVB Financial Corp.(1)
23
.1
Consent of KPMG LLP
23
.2
Consent of McGladrey & Pullen, LLP
23
.3
Consent of Manatt, Phelps & Phillips, LLP (included in
    Exhibit 5.1 filed herewith)
24
.1
Powers of Attorney (included in the signature pages to the
    Registration Statement)
*
To be filed by amendment.
†
Indicates a management contract or compensation plan.
Except as noted below,
Form 8-A12G,
Form 8-K,
Form 10-K
and Form DEF 14A identified in the exhibit index have SEC
    file number
000-10140.
Δ We have entered into the following trust preferred
    security issuances and agree to furnish a copy to the SEC upon
    request:
(a) Indenture dated as of December 17, 2003 by and
    between CVB Financial Corp. and U.S. Bank, National Association,
    as Trustee (CVB Statutory Trust I).
(b) Indenture dated as of December 5, 2003, by and
    between CVB Financial Corp. and Wells Fargo Bank, National
    Association, as Trustee (CVB Statutory Trust II).
(c) Indenture by and between CVB Financial Corp. and U.S.
    Bank, National Association, as Trustee, dated as of
    January 31, 2006 (CVB Statutory Trust III).
(d) Indenture by and between FCB and Wells Fargo Bank,
    National Association, as Trustee, acquired on June 22, 2007
    (FCB Statutory Trust II).
(1)
Incorporated herein by reference from our Annual Report on
Form 10-K
filed with the SEC on February 27, 2009.
(2)
Incorporated herein by reference from our
Form 8-A12G
filed with the SEC on June 11, 2001.
(3)
Incorporated herein by reference from our
Form 8-A12G
filed with the SEC on June 22, 2000.
(4)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on June 7, 2006.
(5)
Filed as Exhibits 10.3 to Registrant's Annual Report
    on
Form 10-K
for the fiscal year ended December 31, 1990, which is
    incorporated herein by this reference.
(6)
Filed as Exhibit 10.13 to Registrant's Annual Report
    on
Form 10-K
for the fiscal year ended December 31, 1988, which is
    incorporated herein by this reference.
(7)
Incorporated herein by reference from our Quarterly Report on
Form 10-Q
filed with the SEC on May 13, 1998, Commission file number
    1-10394.
(8)
Incorporated herein by reference from our Registration Statement
    on
Form S-8
filed with the SEC on July 12, 2000, Commission file number
333-41198.
(9)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on May 23, 2008.
(10)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on January 7, 2009.
(11)
Incorporated herein by reference from our Annual Report on
Form 10-K
filed with the SEC on March 14, 2005.
(12)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on March 24, 2008.
(13)
Incorporated herein by reference from our Quarterly Report on
Form 10-Q
filed with the SEC on August 8, 2007.
(14)
Incorporated herein by reference from our Annual Report on
Form 10-K
filed with the SEC on March 1, 2007.
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Table of Contents
(15)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on December 8, 2008.
(16)
Incorporated herein by reference from our Definitive Proxy
    Statement on Form DEF 14A filed with the SEC on April, 16,
    2008.
(17)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on April 18, 2008.
(18)
Incorporated herein by reference from our Current Report on
Form 8-K
filed with the SEC on January 2, 2009.
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