Valley Community Bank (fka VCBC)

[56Chevy]

A large shareholder at Valley Community Bank is objecting to the Pleasanton, Calif., company's sale to FNB Bancorp in South San Francisco.

I'd like to know why this 10% owner is objecting to the sale. Obviously the 800lb gorilla is FNBs' offer grossly undervalues the bank and that alone should be enough to shut this deal down ...but are there other reasons as well?? We don't know...the company isn't saying.

How is selling the bank for a meager 55% of it's value "in the best interest of the bank and it's shareholders"!?

As a shareholder that's NOT in my best interest. If the company can't find better offers than that there must be financially disastrous reasons why it must be sold at such a steep discount. The financials I see tell a different story...so who or what isn't being honest??

It's a fair question for the CEO Mr. Loupe and the BoD.