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Within 6 months this will be $7
In Time, it is starting to get noticed, to the moon
NEWS OUT
Check it Out
News is in, Blast off time
Looking forward to a big open
All depends on the volume
The Calm Before the Storm!!!
Now it is a guessing game
yes its crap
Are you a rocket scientist. You dont have to dig to far to see that
Another late date push, its coming, the volume will be pouring in shortly
Do you know where this shareholder meeting is being held for GYRO on aug 20th?
I Guess Vegas is Out.
great read, thanks for sharing
good finish
thanks for posting genlou!
great video, thanks for sharing
Great price, just bought a few more shares at a discount
any input as to why this is not doing what we expect today?
WALNUT CREEK, Calif. and PLEASANTON, Calif. , Nov. 10, 2014 (GLOBE NEWSWIRE) --
Bay Commercial Bank (OTCBB:BCML) and Valley Community Bank (OTCBB:VCBC),
announced today that they have entered into a definitive agreement pursuant to
which Valley Community Bank will be merged with and into Bay Commercial Bank for
stock. Under the terms of the definitive agreement Bay Commercial Bank will pay
$4.15 per share in stock for each outstanding share of Valley Community Bank .
Bay Commercial Bank shares will be valued at the book value per share the month
end prior to the closing of the transaction. Bay Commercial Bank has also agreed
to assume the non-cumulative perpetual preferred shares of Valley Community Bank
that are outstanding. The $4.15 price per share is subject to adjustments if the
common shareholder equity of Valley Community Bank as defined in the definitive
agreement is above $10.2 million or below $10.0 million the month end prior to
closing. The total assets of the combined banks on a pro forma basis at
September 30, 2014 are approximately $630.0 million . The transaction was
unanimously approved by the boards of directors of both banks. Completion of the
transaction is subject to regulatory and shareholder approvals, and other
customary closing conditions. Following the successful completion of these
steps, it is anticipated the transaction will close in the first quarter of
2015.
Image: Valley Community Bank logo
Valley Community Bank was previously in an agreement to be acquired by FNB
Bancorp and its banking subsidiary, First National Bank of Northern California ,
in a stock transaction valued at approximately $3.14 per share. While the
transaction with FNB Bancorp had received the approval of the Office of the
Comptroller of the Currency , FNB Bancorp was in the process of receiving
approval from the California Department of Business Oversight to offer its
securities to Valley Community Bank shareholders when Bay Commercial Bank made
its superior unsolicited offer. As a result, the Valley Community Bank board has
terminated its prior agreement to be acquired by FNB Bancorp .
George Guarini , President and CEO of Bay Commercial Bank , stated, "Let me start
by welcoming the Valley Community Bank staff. At the end of the day, our
business is only good as our people and we are looking forward to having them
join the Bay Commercial Bank family."
Guarini further stated "We are excited to have the opportunity to capitalize on
the strengths of both banks, allowing us to continue to build on our strong
capital base while extending our market presence in Pleasanton , Livermore and
San Jose . With 10 offices serving Contra Costa , Alameda , Napa , Santa Clara and
San Joaquin counties, we feel we will be well positioned to continue to take
advantage of organic and strategic growth opportunities. We look forward to
serving the clients and welcoming the shareholders of Valley Community Bank .
"At Bay Commercial Bank we say: 'It's About the Client. We believe it, we take it seriously and we show it.'"
Rick Loupe , President and CEO of Valley Community Bank stated, " Bay Commercial
Bank is an excellent partner for our customers and our shareholders will benefit
by becoming part of the Bay Commercial Bank family." Valley Community Bank
operates three offices serving Pleasanton , Livermore and San Jose , and as of
September 30, 2014 , total assets were $130 million . Valley Community Bank opened
in 1998 and currently trades on the Over the Counter Bulletin Board under the
symbol "VCBC." More information on Valley Community Bank is available at
www.vcb-ca.com.
Bay Commercial Bank began business in July 2004 and trades on the Over the
counter Bulletin Board under the symbol "BCML." At September 30, 2014 , Bay
Commercial Bank had total assets of approximately $503 million with seven
banking offices in Northern California . Early this year Bay Commercial Bank
acquired Community Bank of San Joaquin in a cash transaction. More information
about Bay Commercial Bank may be obtained by visiting www.baycommercialbank.com.
Bay Commercial Bank was assisted by Gary Steven Findley and Associates and The
Findley Group for legal and investment banking services. Valley Community Bank
was assisted by Bryan Cave LLP for legal services and Monroe Financial Partners,
Inc. for investment banking services and the issuance of a fairness opinion.
Forward-Looking Statements
Certain statements in this press release contain forward-looking statements that
are based on management's expectations, estimates, projections and assumptions.
Words such as "expects," "anticipates," "plans," "believes," "scheduled,"
"estimates" and variations of these words and similar expressions are intended
to identify forward-looking statements. Forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, as amended. These statements are not guarantees of future
performance and involve certain risks and uncertainties, which are difficult to
predict. Therefore, actual future results and trends may differ materially from
what is forecast in forward-looking statements due to a variety of factors.
All forward-looking statements speak only as of the date of this press release.
All subsequent written and oral forward-looking statements attributable to
either Bay Commercial Bank or Valley Community Bank , or any person acting on
their behalf are qualified by the cautionary statements in this press release.
Bay Commercial Bank and Valley Community Bank do not undertake any obligation to
update or publicly release any revisions to forward-looking statements to
reflect events, circumstances or changes in expectations after the date of this
press release.
This press release may be deemed to be solicitation material in respect of the
proposed merger of Valley Community Bank with Bay Commercial Bank . Valley
Community Bank intends to send its shareholders a proxy statement regarding the
proposed merger. Before making any voting or investment decision, investors and
security holders of Valley Community Bank are urged to carefully read the entire
proxy statement, when its becomes available, because it will contain important
information about the proposed transaction.
CONTACT: Bay Commercial Bank
Keary Colwell , CFO
(925) 476-1805
Valley Community Bank
Rick Loupe , President & CEO
(925) 621-7200
Image: Bay Commercial Bank Logo
Source: Bay Commercial Bank ; Valley Community Bank
Second Trade, 400 shares @ $22.15
Iam happy I was able to get something. Thanks to EI and Chevy
wow only received 374 shares of over subscription, only a fraction of what I asked for
WTG EI n CHEVY thumbs up
nice move today
awesome, good luck to you as well.
Yes iam, I bought in yesterday at 19.67 and 19.83
News wasn't that bad, great buying opportunity,
Very interesting , thanks for sharing
Why the spike in price, Any news?
Great News, Thanks for Sharing
EI You are the man, not just here but all stocks, thank you for letting me ride yours and mikes coat tails, lobster and steak are still waiting for you
so what
Can you tell us where you see that talk
A beautiful thing it is
guess the 8k isn't to good
wow what is causing this spike and volume?
look again