CVB Acquisition Prompts Stock Jump
<i> (Bloomberg News)</i>
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.
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