CVB Financial Shares Trade Higher Ahead of Heritage Deal, General Counsel Departure
CVB Financial shares rose 0.3% to $20.48 Friday after announcing General Counsel Richard Wohl will retire June 5, with accelerated equity vesting worth about $364,000. The company closed its Heritage Commerce merger April 17, pushing assets above $20 billion. First-quarter net income was $51 million, down from $55 million in Q4. Regional bank stocks traded mixed.