CVB Financial Corp. (CVBF) said on Wednesday that it has received preliminary approval to participate in the U.S. Department of Treasury's Capital Purchase Program. Under this program, the U.S. Treasury is purchasing senior preferred shares in qualifying financial institutions to encourage them to build capital to increase the flow of financing to U.S. businesses and consumers and support the U.S. economy.
Through the Company's participation in this program, the U.S. Treasury will invest up to $130 million in senior preferred shares of CVB Financial Corp. and receive warrants on standardized terms as described in the program's term sheet available at the U.S. Treasury's website.
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