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Article: Vineyard National Bancorp Shareholders Deliver Open Letter to Shareholders Claiming Victory In Consent Solicitation and Continuing Efforts to Elect an Alternate Board of Directors.
- Article from:
- PR Newswire
- Article date:
- April 15, 2008
CopyrightCOPYRIGHT 2008 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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NEW YORK, April 15 /PRNewswire/ -- Jon Salmanson and Norman Morales, longtime shareholders of Vineyard National Bancorp ("Vineyard" or the "Company") , issued the following statement today in an open letter to shareholders of the Company:
"April 15, 2008
Dear Shareholders of Vineyard National Bancorp:
Over the course of the past several weeks, Norm Morales and I initiated a Consent Solicitation in which we have asked the shareholders of Vineyard National Bancorp (the "Company or Vineyard") to approve three Bylaw Amendments which we believed would ensure an alternative voice to the direction of the Company. As a financial institution, we are ...