SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
_________________
_________________
Date of Report: December 22, 2003
_________________
Commission file number: 0-10140
CVB Financial Corp.
Incorporated pursuant
to the Laws of California
_________________
Internal Revenue Service Employer Identification No. 95-3629339
701 North Haven Avenue,
Ontario, California 91764
(909) 980-4030
_________________
Item 5. Other Events and Regulation FD Disclosure On December 17, 2003, the Board of Directors of the Company declared a 10% stock dividend to shareholders of record as of January 2, 2004. In addition the Company will pay a cash dividend of $.12 per share to shareholders of record as of January 5, 2004. (See Exhibit 99.1) The Company also announced the issuance of $80 million in trust preferred securities. This was completed through its participation in two pooled trust preferred stock offerings. This trust preferred stock offering was issued through two wholly-owned trust subsidiaries. The issue consisted of capital securities with a maturity date of 30 years from issuance. Of the aggregate $80 million, $40 million of the long-term capital securities bear an initial fixed interest rate of 6.51% for the first five years of issuance. Following the first five-year period, they will bear interest at a floating rate based on the 3-month LIBOR plus 2.85%. The remaining $40 million of the long-term capital securities bear an initial fixed interest rate of 6.46% for the first five years of issuance. Thereafter, they will bear interest at a floating rate based on the 3-month LIBOR plus 2.85%. The proceeds will be used to support the continued growth of the Company. (See Exhibit 99.2) SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized. CVB Financial Corp. Date: December 22, 2003 By: /s/ Edward J. Biebrich, Jr. -------------------------------------------- Edward J. Biebrich, Jr. Executive Vice President and Chief Financial and Accounting Officer Exhibit Index 99.1 Press Release, dated December 18, 2003 99.2 Press Release, dated December 19, 2003