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Article: Bay View Capital to Acquire Branches From Luther Burbank Savings.
- Article from:
- Business Wire
- Article date:
- July 9, 1999
CopyrightCOPYRIGHT 1999 Business Wire. 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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SAN MATEO, Calif.--(BUSINESS WIRE)--July 8, 1999--
Bay View Capital Corporation ("Bay View") and Luther Burbank Savings today announced a definitive agreement whereby Bay View will acquire Luther Burbank Savings' Mill Valley and Novato, California branches. These two branches represent approximately $125 million in deposits.
Edward H. Sondker, Bay View's President and Chief Executive Officer, commented, "The acquisition of these two branch locations increases Bay View's overall market share in Marin County from tenth to sixth. The acquisition also strengthens our existing presence in Novato with a second location in the downtown area and gives us a new ...