July 13, 1999
Orange National Bancorp, parent company of Orange National Bank, said net income for the second quarter rose 12% to a record $967,000, or 48 cents a share, from $861,000, or 44 cents a share, for the same period last year. Total assets increased 15% to $285.6 million from $249.1 million.
May 20, 1999 |
Orange National Bancorp's stock rose $2.75, or 9.5%, Wednesday to $31.75, a day after the parent company of Orange National Bank agreed to be acquired by CVB Financial Corp., parent of Citizens Business Bank in the Inland Empire. Orange National's six branches will be converted to branches of Citizens Business, the largest bank headquartered in the Inland Empire.
May 19, 1999 |
The parent of Citizens Business Bank--the largest bank headquartered in the Inland Empire--said Tuesday it plans to expand into south Orange County by purchasing Orange National Bancorp for about $75 million in stock. Under the deal--subject to shareholder and regulatory approval--Orange National's six branches would be converted to Citizens Business Bank branches, according to D. Linn Wiley, chief executive officer at Ontario-based CVB Financial Corp., the holding company for Citizens.
April 6, 1999
Orange National Bancorp: The Orange-based parent of Orange National Bank reported record first-quarter profits of $752,054, or 38 cents a share. A year ago, the six-branch bank posted first-period earnings of $660,000, or 33 cents a share. Total assets increased 16%, to $279.1 million as of March 31, while total loans outstanding grew 10%, to $143.1 million.
January 12, 1999
Orange National Bancorp, parent company of Orange National Bank, reported net income of $3.3 million, or $1.67 a share, for 1998, up 3% from $3.2 million, or $1.62 a share, for the prior year. Total assets increased 18% to $286.1 million, from $242.3 million.
October 25, 1998
Directors of Orange National Bancorp, parent of the six-branch Orange National Bank, declared a 50% increase in its quarterly dividend, to 15 cents a share. The payout will be made Dec. 1 to shareholder of record Nov. 12. Chairman San E. Vacarro said the higher dividend reflects the bank's improving financial position. Earlier this month, Orange National reported record third-quarter and nine-month profits.