Business & Finance
Business and Finance
Business and Finance
Wed, August 11, 2010
Tue, August 10, 2010 Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of CVB Financial Corp.
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of CVB Financial Corp. (aCVB Financiala or the aCompanya) (NASDAQ:CVBF) concerning possible violations of federal securities laws. CVB Financial operates as a bank holding company for Citizens Business Bank, which provides various retail banking and financial services to small to mid-sized businesses, high net-worth individuals and professionals in the United States.
"our loan underwriting guidelines, our allowance for credit losses and our allowance for loan loss calculation methodology, our methodology for grading loans and the process for making provisions for loan losses, and our provision for credit losses."
The investigation concerns the Companya™s August 9, 2010 announcement that it has received a subpoena from the Los Angeles office of the Securities and Exchange Commission, requesting information related to aour loan underwriting guidelines, our allowance for credit losses and our allowance for loan loss calculation methodology, our methodology for grading loans and the process for making provisions for loan losses, and our provision for credit losses.a According to the Companya™s statement, the subpoena also requests information regarding apresentations we have given or conferences we have attended with analysts, brokers, investors or prospective investors.a
If you are a shareholder of CVB Financial, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].
