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Thursday, August 25, 2016 10:21:54 AM
If you look closely at those tombstones, you will notice Valley National Bank is shown twice. FNB Norcal (5/22/14) offered 0.1135 shares of FNBC stock (valued at $3.22), but Bay Commercial Bank then offered a better deal of 0.345 shares of BCML (11/10/14), which was valued at $4.15.
Investor Steve Taylor played a crucial role in creating more value when he sent a letter to the VCBC Board objecting to the terms of the FNBC deal.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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