CVB Financial Director Mike Maddox Buys 10,000 Shares
Maddox's $220,300 purchase triples his direct equity stake, signaling confidence in the regional bank despite modest recent stock performance.
Motley Fool reports that CVB Financial Director Mike Maddox made a stock purchase of 10,000 shares of the regional banking institution, CVB Financial (NASDAQ:CVBF), on August 31, 2026, at a weighted average price of $22.03 per share. The transaction resulted in a post-transaction value of $22.17 per share, based on the market close on the same day.
CVB Financial operates as a regional bank with a focus on deposit gathering and lending to small and medium-sized enterprises, employing 1,079 people and generating a net income of $205.5 million in the trailing twelve months.
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