On February 22, 2017, Mr. Robert M. Jacoby, a director of CVB Financial Corp., notified the Board of Directors of his decision not to stand for re-election as a director at the company’s 2017 Annual Meeting of stockholders to be held on May 17, 2017. Mr. Jacoby is also a member of the Board of the company’s subsidiary, Citizens Business Bank (the “Bank”). Mr. Jacoby will retire from the company and the Bank Boards, effective upon the expiration of his current term at the company’s 2017 Annual Meeting of Stockholders. Mr. Jacoby currently serves on the company’s Audit, Compensation and Nominating & Corporate Governance Committees.