Company: CVBF
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0000950170-25-051966
Chunk: 8

Company: CVB FINANCIAL CORP
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 8
---
 December 31, 2023. Our workforce is generally drawn from the dozens of communities throughout the State of California, where we maintain our corporate headquarters, operations center and more than 60 banking centers and trust office locations.

At December 31, 2024, we had approximately 138 positions with the Company designated as “leadership” roles. This represents approximately 13% of our total associate population. The average tenure at the Company among our leadership group at the end of 2024 was greater than 10 years. Over the course of 2024, turnover among our leadership group was only 8.7%, and during the year we promoted three associates and hired four new associates into our leadership group. Members of the Company’s leadership group attend an annual off-site Leadership Conference where our detailed business strategies and plans are reviewed and discussed.

Our associates receive a number of important benefits, including profit-sharing contributions to our associate retirement plans, generous health and welfare benefits, and special employee programs, including holiday gift cards, an annual holiday party, and a college scholarship program for eligible student dependents of our associates. Selected associates also receive restricted stock or stock option grants. We believe our management and employee relationships are sound and positive.

Training and Development

Recruiting, training and development, and retention of our valued associates are considered vital to the achievement of our business strategies and goals and to the Company’s long-term record of achievement. With respect to recruiting, we seek qualified candidates through a wide range of channels, including social media campaigns, college campus job fairs, a dedicated internal recruiting staff, referrals from current associates, an internship program, banking industry interest groups and selected outside recruiters where necessary. The Company places a high priority on recruiting a diverse group of associates who bring the benefits of their backgrounds, experiences and perspectives to our business and professional activities. Our Human Resources Department has developed a well-structured orientation program for new associates to help acclimate them to Citizens Business Bank and to enhance their contributions to our long-term success. In addition, in 2024, Citizens Business Bank continued to sponsor a summer internship program, involving 11 college students hired as summer interns in various departments and functional areas at the Bank, as well as a rotational program involving a designated associate trainee.

Citizens Business Bank devotes substantial resources to associate training and development covering a wide range of subject matter areas for relevant personnel, such as risk management, compliance, loan underwriting and credit, sales and relationship management, business and consumer financial products, fair lending, anti