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Article: Bay View Capital Corporation Investors Approve Plan of Dissolution And Stockholder Liquidity.
- Article from:
- PR Newswire
- Article date:
- October 3, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bay View Capital Corporation , the publicly traded parent of Bay View Bank, announced that the company's previously disclosed plan of dissolution and stockholder liquidity, as well as other related matters, was approved at a special meeting of stockholders held today.
Under terms of the plan, Bay View Capital Corporation will sell all of its assets, including Bay View Bank's 57-branch retail network to U.S. Bank, a wholly-owned subsidiary of U.S. Bancorp . Under the plan, Bay View Capital Corporation will pay all of its debts and liabilities, distribute the remaining proceeds of asset sales to stockholders and dissolve the corporation.
At a meeting also ...