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Exhibit 99.1 
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February 2017
cbbank.com
Safe Harbor
Certain matters set forth herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plans and expectations and our future financial position and operating results. Words such as “will likely result, “aims”, “anticipates”, “believes”, “could”, “estimates”, “expects”, “hopes”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will” and variations of these words and similar expressions help to identify these forward looking statements, which involve risks and uncertainties. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, local, regional, national and international economic and market conditions and events and the impact they may have on us, our customers and our assets and liabilities; our ability to attract deposits and other sources of funding or liquidity; supply and demand for real estate and periodic deterioration in real estate prices and/or values in California or other states where we lend, including both residential and commercial real estate; a prolonged slowdown or decline in real estate construction, sales or leasing activities; changes in the financial performance and/or condition of our borrowers, depositors or key vendors or counterparties; changes in our levels of delinquent loans, nonperforming assets, allowance for loan losses and charge-offs; the costs or effects of acquisitions or dispositions we may make, whether we are able to obtain any required governmental approvals in connection with any such acquisitions or dispositions, and/or our ability to realize the contemplated financial or business benefits associated with any such acquisitions or dispositions; our ability to realize cost savings in connection with our proposed acquisition of Valley Commerce Bancorp within expected time frames or at all, whether governmental approvals for the proposed transaction will be obtained within expected time frames or ever and whether the conditions to the closing of the proposed transaction, including approval by Valley Commerce’s shareholders, are satisfied; the effect of changes in laws, regulations and applicable judicial decisions (including laws, regulations and judicial decisions concerning financial reforms, taxes, banking capital levels, consumer, commercial or secured lending, securities and securities trading and hedging, bank operations, compliance, fair lending, employment, executive compensation, insurance, cybersecurity, vendor management and information security) with which we and our subsidiaries must comply or believe we should comply or which may otherwise impact us; changes in estimates of future reserve requirements and minimum capital requirements based upon the periodic review thereof under relevant regulatory and accounting requirements, including changes in the Basel Committee framework establishing capital standards for credit, operations and market risk; inflation, interest rate, securities market and monetary fluctuations; changes in government interest rates or monetary policies; changes in the amount and availability of deposit insurance; disruptions in the infrastructure that supports our business and the communities where we are located, which are concentrated in California, involving or related to physical site access, cyber incidents, terrorist and political activities, disease pandemics, catastrophic events, natural disasters, such as earthquakes, or drought, extreme weather events, electrical, environmental, computer servers, and communications or other services we use, or that affect our employees or third parties with whom we conduct business; or theft or loss of Company or customer data or money; political instability; acts of war or terrorism, or natural disasters, such as earthquakes, drought, or the effects of pandemic diseases; the timely development and acceptance of new banking products and services and the perceived overall value of these products and services by our customers and potential customers; the Company’s relationships with and reliance upon vendors with respect to the operation of certain of the Company’s key internal and external systems and applications; changes in commercial or consumer spending, borrowing and savings preferences or behaviors; technological changes and the expanding use of technology in banking (including the adoption of mobile banking and funds transfer applications); our ability to retain and increase market share, retain and grow customers and control expenses; changes in the competitive environment among financial and bank holding companies, banks and other financial service providers; competition and innovation with respect to financial products and services by banks, financial institutions andnon-traditional providers including retail businesses and technology companies, volatility in the credit and equity markets and its effect on the general economy or local or regional business conditions; fluctuations in the price of the Company’s common stock or other securities; and the resulting impact on the Company’s ability to raise capital or make acquisitions, the effect of changes in accounting policies and practices, as may be adopted fromtime-to-time by our regulatory agencies, as well as by the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard-setters; changes in our organization, management, compensation and benefit plans, and our ability to retain or expand our workforce, management team and/or our board of directors; the costs and effects of legal, compliance and regulatory actions, changes and developments, including the initiation and resolution of legal proceedings (including securities, consumer or employee class action litigation), regulatory or other governmental inquiries or investigations, and/or the results of regulatory examinations or reviews; our ongoing relations with our various federal and state regulators, including the SEC, Federal Reserve Board, FDIC and California DBO; our success at managing the risks involved in the foregoing items and all other factors set forth in the Company’s public reports, including its Annual Report on Form10-K for the year ended December 31, 2015, and particularly the discussion of risk factors within that document. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law. Any statements about future operating results, such as those concerning accretion and dilution to the Company’s earnings or shareholders, are for illustrative purposes only, are not forecasts, and actual results may differ.
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2
CVB Financial Corp. (CVBF)
Total Assets: $8.1Billion
Gross Loans: $4.4Billion
Total Deposits (Including Repos): $6.9Billion
Total Equity: $1.0Billion
Largest financial institution headquartered in the Inland Empire region of Southern California. Founded in 1974
Source: Q4 2016 earnings release & company filings cbbank.com 3
Experienced Leadership
Name Position Banking ExperienceCVBF Service
Christopher D. Myers President & CEO 32Years10Years
E. Allen Nicholson Executive Vice President 21YearsNew
Chief Financial Officer
Dave F. Farnsworth Executive Vice President 32YearsNew
Chief Credit Officer
David C. Harvey Executive Vice President 26Years 7Years
Chief Operations Officer
David A. Brager Executive Vice President 28Years 14Years
Sales Division
R. Daniel Banis Executive Vice President 34Years4Years
CitizensTrust
Yamynn DeAngelis Executive Vice President 37Years29Years
Chief Risk Officer
Eileen Lyon Executive Vice President 29YearsNew
General Counsel
cbbank.com 4
Board of Directors
Name CVBF Experience Age
Ray O’Brien—Chairman 4 Years60
George Borba Jr.—Vice Chairman 3 Years49
Steve Del Guercio 4 Years55
Robert Jacoby 11 Years75
Kristina Leslie 1 Year 51
Hal Oswalt 2 Years68
Anna Kan New43
Chris Myers—CEO 10 Years54
cbbank.com 5
Who is CVB Financial Corp.?
cbbank.com
Largest Bank Holding Companies
Headquartered in California
Rank Name Asset Size (12/31/16)
1 Wells Fargo & Company $1,930,115
2 First Republic Bank* $73,278
3 SVB Financial Group $44,684
4 East West Bancorp $34,789
5 Pacwest Bancorp $21,870
,
7 Hope Bancorp, Inc. $13,442
8 Banc of California, Inc. $11,030
9 VBCVB Financial Corp. $8,074
10 Opus Bank* $7,883
* Bank only, no holding company
Source: SNL Financial In millions
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Other Bank Accomplishments & Ratings
159 Consecutive Quarters of Profitability
109 Consecutive Quarters of Cash Dividends
Ranked #1 Forbes, 2016 Best Banks in America (January 2016)
Ranked Top 5 Bank in US three consecutive years*
Bank Director, 2016 Bank Performance Scorecard (July 12, 2016)
BauerFinancial Report
Five Star Rating (September 2016)
86 Consecutive Quarters
Fitch Rating
BBB (September 2016)
*As ranked among domestic banks with $5 to $50 billion in assets
cbbank.com
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Our Markets
cbbank.com
Existing Locations
42 Business Financial Centers
8 Commercial Banking Centers
3 CitizensTrust Locations
Santa Barbara
Ventura
Corporate Office
Business Financial Centers Commercial Banking Centers CitizensTrust
10
New Acquisition
Valley Commerce Bancorp ‘VCBP’
cbbank.com
Transaction Highlights
$23.4 million in cash(1)
1,942,673 shares of CVBF stock issued (2)
Transaction Aggregate merger consideration of $76.3 million(3), including a
Structure special dividend(4) paid to VCBP shareholders
Implied consideration mix of approximately 62% stock and 38%
cash(1)(2)
Pro Forma 98.5% CVBF / 1.5% VCBP(2)(3)
Ownership
Customary regulatory approvals
Approvals Special meeting of VCBP shareholders on February 16, 2017
Anticipated February 28, 2017
Closing
(1) Does not include special dividend.
(2) Number of shares of CVBF common stock issued is fixed, subject to pricing collar requiring aggregate merger consideration of not less than $50,597,000 and not more than $62,253,000.
(3) Stock consideration based on CVBF’s closing stock price of $22.93 as of 12/31/2016 and 1,694,438 shares of CVBF stock issued to VCBP.
(4) Assumes VCBP’s equity exceeding the minimum equity target is paid to VCBP shareholders through a special dividend prior to close. Estimated special dividend assumes the exercise of all outstanding stock options and is based on VCBP common equity as of 12/31/2016.
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Pro Forma Branch Footprint
CVBF (50)
VCBP (4)
Source: SNL Financial.
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Financial Impact
Deal value/ tangible book value (1) of 1.22x
Deal value / adjusted tangible book value(2) of 1.68x
Valuation
Multiples Deal value/ last twelve months earnings of 14.9x
Deal value (with special dividend(2))/ last twelve months earnings of 18.3x
Earnings accretion in 2017(3)
Tangible book value dilution of approximately 1%
Financial
Results Tangible book value earnback period of less than 3 years
Internal rate of return in excess of 15%
(1) Based on tangible book value as of 12/31/2016.
(2) Assumes VCBP’s equity exceeding the minimum equity target is paid to VCBP shareholders through a special dividend prior to close. Estimated special dividend assumes the exercise of all outstanding stock options and is based on VCBP common equity as of 12/31/2016.
(3) Excludesone-time transaction costs.
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Financial Performance
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Deposits*
# of Center Total DepositsTotal Deposits
(000’s) Locations (12/31/15)(12/31/16)
Los Angeles County 18 $2,423,655$2,517,252
Inland Empire 9 $1,989,432$2,090,209
(Riverside & San Bernardino Counties)
Orange County 9 $964,868$1,075,402
Central Valley 8 $912,532$927,572
Ventura & Santa Barbara Counties 5 $11,293$264,959
Other 1 $306,184$37,314
Total 50 $6,607,964$6,912,708
Average Cost of Deposits(Year-to-Date) 0.10% 0.11%
*Includes Customer Repurchase Agreements
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Total Deposits*
$8,500,000
$7,500,000
$6,500,000
$5,500,000
$4,500,000
$3,500,000
$2,500,000
$1,500,000
$500,000
(000’s) Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
2010 2011 20122013201420152016
Non-Int Bearing Dep Interest Bearing Deposits*
*Interest Bearing Deposits includes REPOs
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Deposit Cost Comparison
1.00%
CVBFPeers
0.90%
0.80%
0.70%
0.60%
0.50%
0.40%
0.30%
0.20%
0.10%
0.00%
Q1Q2 Q3 Q4 Q1Q2 Q3 Q4 Q1Q2 Q3 Q4Q1Q2 Q3 Q4Q1Q2 Q3 Q4Q1Q2 Q3 Q4Q1Q2 Q3 Q4
2010 2011 20122013201420152016
Source: Q2 2016 earnings release & other company filings, SNL Financial—peers represent public CA , AZ, HI, NV, OR & WA banks with assets $2—$25 billion.
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Total Loans*
# of Center Total Loans*
Loans per
Locations (12/31/2016)
(000’s) Location
Los Angeles County 18 $90,397$1,627,137
Central Valley 8 $105,964$847,713
Inland Empire
(Riverside & San Bernardino Counties) 9 $78,181$703,627
Orange County 9 $65,545$589,905
Ventura/Santa Barbara Counties 6 $44,328$265,969
Other $369,173
Total$4,403,524
*Prior to MTM discount, loan fees, loan loss reserve and loansheld-for-sale
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Total Loans*
$4,600,000
$4,400,000
$4,200,000
$4,000,000
$3,800,000
$3,600,000
$3,400,000
$3,200,000
$3,000,000
$2,800,000
$2,600,000
$2,400,000
$2,200,000
$2,000,000
Q1 Q2Q3 Q4Q1 Q2Q3 Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
(000’s)
2010 201120122013201420152016
TotalLoans*
*Starting in the 4th quarter of 2014, covered andnon-covered loans are combined (Purchase Credit Impaired or PCI) Before deferred loan fees, discount on PCI loans, and loansheld-for-sale Includes covered andnon-covered loans for all periods presented
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Loan Portfolio Composition
Total Loans by Type
Municipal Lease
Finance
Other, 1.8% Receivables,
1.5% Dairy, Livestock &
SFR Mortgage, Agribusiness,
5.7% 7.7%
Multi-Family, 6.3% Commercial &
Industrial, 11.5%
Construction RE,
1.9%
Commercial RE-
Non-Owner,
39.3% Commercial RE -
Owner
Occupied, 24.3%
Source: Q4 2016 earnings release & company reports
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Credit Quality
cbbank.com
Non-Performing Assets*
$200,000
$180,000
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q1 Q2 Q3 Q4
(000’s) 2009 2010 2011 2012 2013201420152016
Non-Performing Loans OREO
*Non-Covered assets | Starting in the 4th quarter of 2014, covered andnon-covered assets are combined
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Classified Loans*
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$-
(000’s) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2009 201020112012 2013201420152016
*Non-Covered loans| Starting in the 4th quarter of 2014, covered andnon-covered loans are combined
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Loans: Net Charge-Offs*
-$10,000
$0
2009 2010201120122013201420152016
$10,000
$20,000
$30,000
January 2012 – December2016 = $12,426 Net Recoveries
$40,000
$50,000
$60,000
$70,000
(000’s) Net Charge-Offs/Recoveries
*Non-Covered | Starting in the 4th quarter of 2014, covered andnon-covered loans are combined
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Profits
cbbank.com
Net Income
$110,000
$100,000
$90,000
$80,000
$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$-
(000’s) 2007 200820092010201120122013201420152016
Net Income After Taxes
$20.4 million FHLB prepayment charge
$13.9 million FHLB prepayment charge
cbbank.com 27
Earnings
(000’s) 2012 2013201420152016
Net Interest Income $236,950 $216,266$236,514$252,942$257,074
Recapture of Provision
for Loan Losses ,,,,
Other Operating
Income/Expenses (Net) ($122,257) ($88,741)($89,817)($107,176)($101,188)
Income Taxes ($37,413) ($48,667)($58,776)($52,221)($60,857)
Net Profit After Tax $77,280 $95,608$104,021$99,145$101,429
$20.4 million FHLB prepayment charge
$13.9 million FHLB prepayment charge cbbank.com 28
Net Interest Margin
4.25%
4.00%
3.75%
3.50%
3.25%
3.00%
2.75%
2.50%
2.25%
2.00%
1.75%
1.50%
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
2007 2008 20092010201120122013201420152016
Normalized*
*Normalized tax equivalent excludes accretion on covered loans (Purchase Credit Impaired)
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Efficiency & Expenses
cbbank.com
Efficiency Ratio
90.00%
80.00%
.
60.00%
50.00% 47.30%
40.00%
30.00%
20.00%
10.00%
0.00%
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2011 20122013201420152016
Efficiency Ratio
$ 20.4 million FHLB prepayment charge
$ 13.9 million FHLB prepayment charge
cbbank.com 31
Non-Interest Expense as a % of Average
Assets
3.50%
3.00%
2.50%
2.00% 1.72%
1.50%
1.00%
0.50%
.
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2011 20122013201420152016
Non-Interest Expense as a % of Average Assets
$ 20.4 million FHLB prepayment charge
$ 13.9 million FHLB prepayment charge
cbbank.com 32
Capital
cbbank.com
Capital Ratios
Tier 1 Risk-based Capital Ratio Total Risk-based Capital Ratio Common Equity Tier 1 Capital Ratio Tier 1 Leverage Ratio
* CVB Financial Corp. – Consolidated
Adequately Well-Capitalized December 31,
Capitalized Ratio Ratio 2016*
6.0% 8.0% 16.9%
8.0% 10.0% 18.2%
4.5% 6.5% 16.5%
4.0% 5.0% 11.5%
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Securities & Investments
cbbank.com
Securities Portfolio*
—$3.2 Billion—
Yield on securities
portfolio = 2.31%
for the 4th Quarter 2016
$2.27 Billion $911.7 Million
*Available For Sale *Held to Maturity
Municipal
Municipal Bonds,
CMO’s / Bonds 3.5% CMO’s /31.9%
REMIC’s 15.3% Government REMIC’s,
Agency/GSEs 26.8%
and other
0.4%
Government
MBS, Agency &
MBS 80.8% 21.3% GSEs, 20.0%
Source: Q4 2016 earnings release | Yield on securities represents the fully taxable equivalent
cbbank.com 36
Securities Portfolio*
$2.27 Billion
Mark-to-Market(Pre-tax)
$100,000
$80,000
$14,592
$60,000
$40,000
$20,000
$0
-$20,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q1 Q2 Q3 Q4
2011 2012 2013201420152016
(000’s)
*Available For Sale
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‘CVBF’ Assets & Liabilities
12/31/16
$8.1 Billion 12/31/16
$7.1 Billion
Borrowings
Other0.7%Subordinated Junior
LiabilitiesDebentures
Securities 1.3%0.4%
39.4%
Loans, net
53.7%
Fed
Balance*
Goodwill & 0.6% Total
Intangibles Other Deposits**
1.2% 5.1% 97.6%
*Includes overnight funds held at the Federal Reserve, Interest earning—due from Correspondent Banks, other short-term money market accounts or certificates of deposit **Includes Customer Repurchase Agreements
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Yield on Securities vs. Yield on Loans
6.00%
5.46%
5.00%
5.17% 4.49%
4.00%
3.00%
2.31%
2.00%
1.00%
0.00%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2009 2010 201120122013201420152016
Yield on Loans* Yield onSecurities**
*Excluding Discount Accretion on PCI loans
**Includes Available for Sale and Held to Maturity, TE
cbbank.com 39
Our Growth Strategy
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Our Vision
Citizens Business Bank will strive to become the premier financial services company operating throughout the state of California, servicing the comprehensive financial needs of successful small to medium sized businesses and their owners.
cbbank.com 41
Target Customer
The best privately-held and/or family-owned businesses throughout California
Annual revenues of$1-200 million
Top 25% in their respective industry
Full relationship banking
Build20-year relationships
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Three Areas of Growth
Same StoreDeNovo
SalesSan DiegoOxnard
(2014)(2015)
Santa Barbara
(2015)
Acquisitions
AmericanCounty
Security BankCommerce Bank
(2014)Valley(2016)
Business Bank (deal anticipated to close Feb 2017)
cbbank.com 43
Acquisition Strategy
—Banks—
Target size: $200 million to $2 billion in assets
Financial & Strategic
In-market and/or adjacent geographic market (California)
—Banking Teams—
In-market & ‘new’ markets
cbbank.com 44
2017 De Novo
San Diego (Downtown)
Loan Production Office
cbbank.com 45
2016/2017 ‘Critical Few’
Quality Loan Growth
Expand Our Footprint
DeNovo Growth
Acquisition
Relationship Banking
Cyber Security
Recruit, Retain & Train Key People
cbbank.com 46
Copy of presentation at www.cbbank.com
cbbank.com
Additional Information About the Proposed Transaction and Where to Find It
In connection with the proposed acquisition of Valley Commerce Bancorp (VCBP) by CVB, CVB has filed with the SEC a Registration Statement on Form S-4 (File No. 333-214576) that includes a Proxy Statement of VCBP and a Prospectus of CVBF, as well as other relevant documents concerning the proposed transaction. The final proxy statement/prospectus is being distributed to the shareholders of VCBP in connection with their vote on the proposed transaction.
SHAREHOLDERS OF VCBP ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY
STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION.
The Proxy Statement/Prospectus and other relevant materials, and any other documents CVBF filed with the SEC may be obtained free of charge at the SEC’s website, http://www.sec.gov, at the investor relations portion of CVBF’s website, https://www.cbbank.com, by contacting Myrna DiSanto, Investor Relations, CVB Financial Corp, 701 N Haven Avenue, Ontario, CA 91764 or by telephone at (909) 980-4030 or by contacting Allan W. Stone, President & Chief Executive Officer, Valley Commerce Bancorp, 701 West Main Street, Visalia, CA 93291 or by telephone at (559) 622-9000.
CVBF and VCBP and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of VCBP in connection with the merger. Information about the directors and executive officers of CVBF and their ownership of CVBF common stock is set forth in CVBF’s proxy statement filed with the SEC on April 4, 2016. Information about the directors and executive officers of VCBP is set forth in the Proxy Statement/Prospectus regarding the proposed transaction. This report does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval.
