Summary
The stock price for Ontario-based CVB Financial Corp. sank 22 percent Tuesday, a day after the company disclosed it was being investigated by the Securities and Exchange Commission investigation.
The SEC subpoenaed the institution July 26for information regarding its lending practices, CVB Financial said Monday in its regulatory filings.See the full content of this document
Extract
Cvb Stock Suffers
Shares for the company fell Tuesday following the news, opening at $10.30 and closing at $8.00.
Christopher Myers, chief executive officer for CVB and Citizens Business Bank, defended his in...See the full content of this document
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