Federal Reserve Approves Bay View Capital Corporation's Bank Holding Company Application
2006年2月1日 - 6:12AM
PRニュース・ワイアー (英語)
SAN MATEO, Calif., Jan. 31 /PRNewswire-FirstCall/ -- Bay View
Capital Corporation (NYSE:BVC) ("Bay View") announced today that,
on January 30, 2006, the Federal Reserve Bank of New York approved
Bay View's application to become a bank holding company through its
previously announced proposed merger with Great Lakes Bancorp, Inc.
which is headquartered in Buffalo, New York. Upon the consummation
of the merger, Greater Buffalo Savings Bank will become a
wholly-owned subsidiary of Bay View. Charles G. Cooper, President
and Chief Executive Officer of Bay View, noted "We are pleased with
this development which is an important step forward in completion
of the merger. We believe the merger will be completed shortly
after Great Lakes and we hold our special shareholders meetings
which are currently scheduled for late March of this year." Not a
Proxy Statement This press release is not a proxy statement or a
solicitation of proxies from the holders of common stock of Bay
View Capital Corporation. Any solicitation of proxies will be made
only by a proxy statement that will be mailed to Bay View
stockholders. Investors and security holders of Bay View are urged
to read the proxy statement as soon as practicable of Bay View
Capital Corporation and the relevant materials when they become
available, because they will contain important information about
Bay View and the sale of Bay View Acceptance Corporation to
AmeriCredit Corp. The proxy statement and other relevant materials
(when they become available) may be obtained free of charge at the
SEC's web site at http://www.sec.gov/. Forward Looking Statements
This press release contains "forward looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements include, but are not limited to, statements
concerning future revenues and earnings, uncertainties and other
factors that could cause actual results to differ materially from
the results expressed or implied by such statements, the likelihood
that Bay View Capital Corporation can utilize its net operating
loss carry-forwards and other factors disclosed in Bay View Capital
Corporation's periodic reports filed with the Securities and
Exchange Commission. Bay View Capital Corporation assumes no
obligation to update the forward-looking information contained in
this release. FCMN Contact: mtamony@bayviewcapita.com DATASOURCE:
Bay View Capital Corporation CONTACT: John Okubo of Bay View
Capital Corporation, +1-650-294-7778 Web site:
http://www.bayviewcapital.com/
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