CVB Financial adds Michael J. Maddox to board, expanding boards from 10 to 11 directors
CVB Financial Corp. appointed Michael J. Maddox as a director of the Company and its bank subsidiary, Citizens Business Bank, effective July 22, 2026. The filing says the appointment raises the size of each board from 10 to 11 directors, and Mr. Maddox will receive a $77,000 annual directors' fee plus a pro-rated restricted stock grant.
Key points
- Maddox was previously CEO of CrossFirst Bankshares and later president and CEO of Busey Bank until January 2026.
- Annual directors' fee of $77,000; initial restricted stock grant to be approved at an August 23, 2026 Compensation Committee meeting.
- Both the Company and Bank boards expand from 10 to 11 directors, within their By-laws.
- Maddox will sit on the Company's Audit, Nominating and Corporate Governance, and Compensation committees.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.