Valley Community Bank (fka VCBC)

[56Chevy]

Mark Calvey the Senior Reporter for the San Francisco Business Times presented FNB Bancorp's CEO Mr. Tom McGraw with a hypothetical question regarding buyout if he were the one mulling over offers.

His answer was: "Consolidation within the industry is a reality and I see no signs of that abating. To loosely paraphrase 'The Godfather,' if somebody makes us an offer we can’t refuse, that would generously reward our shareholders, then yeah, we would give that kind of offer very serious consideration,"

Perhaps Mr. Calveys' next question should have posed the deal in reverse..for example: So Mr. McGraw if VCBC offered to buyout FNBK for 55% of its' book value would you and your BoD sign off on that deal? Somehow I think the answer would be an emphatic - Oh HELL no!

What's "good for the goose"..should at a minimum be "good for the gander"!

This FNB offer is anything but fair...we need new faces in the boardroom of VCBC.