Market Overview

D.A. Davidson & Co. Acts as Exclusive Financial Advisor to Community Bank in its Merger With CVB Financial Corp.


Completed Transaction Valued at $903.5 Million

Davidson & Co.
announced that it has served as exclusive
financial advisor to Community Bank in its merger with CVB Financial
Corp. (NASDAQ:CVBF). Pasadena, Calif.-based Community Bank announced on
Feb. 26, 2018 that it had agreed to merge with Ontario, Calif.-based CVB
Financial Corp., and its wholly-owned banking subsidiary Citizens
Business Bank. The transaction, valued at $903.5 million, closed on Aug.
10, 2018.

The transaction is the 99th completed M&A advisory
transaction for D.A. Davidson's financial institutions group since 2011
and the 16th since the beginning of 2018.

"D.A. Davidson is honored to serve as exclusive financial advisor to
Community Bank, a Los Angeles-based institution that has been in
business for more than seven decades," said Rory McKinney, Head of
Investment Banking for D.A. Davidson. "The closing of this deal comes on
the tail of a series of successful transactions of varying sizes
completed by our top-ranked financial institutions group."

D.A. Davidson's investment banking division is a leading full-service
investment bank that offers comprehensive financial advisory and capital
markets expertise. The group has extensive transaction experience
serving middle market clients worldwide across five industry verticals:
consumer, diversified industrials, financial institutions, real estate
and technology.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm
offering a range of financial services and advice to individuals,
corporations, institutions and municipalities nationwide. Founded in
1935 and headquartered in Montana, with corporate offices in Denver, Los
Angeles, Portland and Seattle, the company has more than 1,350 employees
and offices in 25 states.

Subsidiaries include: D.A. Davidson & Co., the largest full-service
investment firm headquartered in the Northwest, providing wealth
management, investment banking, equity and fixed income capital markets
services and advice; Davidson Investment Advisors, a professional asset
management firm; D.A. Davidson Trust Company, a trust and wealth
management company; and Davidson Fixed Income Management, a registered
investment adviser providing fixed income portfolio and advisory

For more information, visit,
Twitter @DADavidsonCo,
or LinkedIn D.A.
Davidson Companies

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