CVB FINANCIAL CORP

ITEM 1. LEGAL PROCEEDINGS

The Company and its subsidiaries are parties to various lawsuits and threatened lawsuits in the ordinary course of business. Such matters may include, among other things, securities litigation, wage and employment related claims, consumer claims, regulatory compliance matters, data privacy and cyber security claims, lender liability claims, fraud-related claims, bankruptcy-related claims and negligence claims, some of which may be brought as class actions or representative proceedings. Certain of these matters may be similar in nature to litigation pending against other financial institutions.

The Company evaluates legal proceedings and records accruals for loss contingencies in accordance with applicable accounting guidance. Management reviews outstanding matters on a quarterly basis and adjusts accruals and disclosures as additional information becomes available.

The Company does not presently believe that the ultimate resolution of any lawsuits currently pending against the Company, either individually or in the aggregate, based upon information currently available, will have a material adverse effect on the Company’s consolidated financial condition, results of operations or cash flows.