Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2019-04-04 | Mr. Laitsch receives $5,000 per month pro-rated for his service starting August 10, 2018. Director Compensation in 2018 table shows total compensation of $99,490. |
| 2020-04-06 | Marshall V. Laitsch was appointed as a director of CVB Financial Corp. and Citizens Business Bank in 2018. Mr. Laitsch is a retired banking executive and was Chairman of the Board at Community Bank from 2014 until its merger with Citizens Business Bank in August 2018. Over the past decade, Mr. Laitsch has served on the boards of directors of several banks based in California and New Jersey, including Professional Business Bank, Bank of Manhattan and College Savings Bank, as well as on the board of The Management Trust, a property management company. From 1999 to 2007, he held the position of President and CEO at a succession of financial institutions in California and Hawaii, including Pacific Century Financial Corporation, Sunwest Bank, Bank of Orange County and Placer Sierra Bank. Earlier in his career, he served in the U.S. Army and in a variety of officer positions at larger national banking organizations, including Continental Illinois, Crocker National Bank, Citicorp and Union Bank, where he worked in commercial lending, corporate banking, leveraged buy-outs, and merger and acquisition financing. Mr. Laitsch has been involved in a variety of roles with the Orange County Chapter of the Juvenile Diabetes Research Foundation. He received both his B.A. in business administration and his M.B.A. in finance from Western Illinois University, in 1970 and 1973, respectively. Mr. Laitsch's qualifications to sit on our Board include his deep experience as a financial services executive and bank board member as well as his significant connections to and service with Community Bank. He is also a prominent member of the business community in Orange County, which is an important region for Citizens Business Bank. He is Director and Chair of the Trust Services Committee. |
| 2021-04-05 | Marshall V. Laitsch was appointed as a director in 2018. He serves on the Audit Committee, Compensation Committee, Nominating & Corporate Governance Committee, and is Chair of the Credit Committee. Mr. Laitsch receives $5,833 per month for director fees, plus $85,000 in restricted stock awards, totaling $155,000 in 2020. |
Data sourced from SEC filings. Last updated: 2025-08-30