September 3, 2009 (FinancialWire) — CVB Financial Corp. (NASDAQ: CVBF) said it has fully repurchased all of the preferred stock sold to the U.S. Treasury Department under the Capital Purchase Program’s Troubled Asset Relief Program last December.

The company paid $130 million to the Treasury to buy-back the preferred stock, plus a final dividend payment of $226,000. Dividends paid to the U.S. Treasury totaled $4.7 million since the sale of the preferred stock in December 2008.

company CEO Chris Myers said, “Our strong capital position, as a result of our common stock offering that raised $132.5 million in gross proceeds in late July, allowed us to pay back TARP much earlier than originally anticipated.”

Ontario, California-based CVB Financial is the holding company for Citizens Business Bank, which serves 39 cities with 41 business financial centers and five commercial banking centers in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California.

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