CVB Financial completes -share acquisition of Heritage Commerce Corp

Filed April 21, 2026 · Period ending April 17, 2026 · ~1 min read

Key Changes

• high

  CVB closed acquisition of Heritage Commerce Corp on April 17, 2026, issuing approximately 41 million new shares at 0.65 exchange ratio—diluting existing shareholders' ownership stake.

  Item 2.01: Merger completion verify on EDGAR →
• high

  Former Heritage shareholders received 0.65 CVBF shares for each Heritage share owned; Heritage Bank of Commerce merged into Citizens Business Bank subsidiary.

  Item 2.01: Merger consideration verify on EDGAR →
• high

  R. Clay Jones appointed President of CVBF and Citizens Bank with $700K salary, $1.8M retention bonus vesting over two years, and 20,000 restricted shares.

  Item 5.02: Executive appointment verify on EDGAR →