Vineyard National Bank Preferred (fka VNBAQ)

[stock2windaily]

Thanks - again - you have been very helpful -- The prospectus is right here!

http://www.sec.gov/Archives/edgar/data/840256/000095012407003381/v31126fe424b2.htm

"The Series D preferred shares may not be redeemed by us prior to June 25, 2012. At any time after June 25, 2012, the Series D preferred shares will be redeemable at our option, subject to the prior approval of the FRB, if required, in whole or in part, at any time or from time to time, out of funds legally available for payment, at the cash redemption price of $10.00 per Series D preferred share, plus declared but unpaid dividends, if any, from the Dividend Payment Date immediately preceding the date fixed for redemption.

If fewer than all of the outstanding Series D preferred shares are to be redeemed, we will select those to be redeemed pro rata, or by lot, or in any other manner as our board of directors may determine. If a partial redemption of the Series D preferred shares would result in the delisting of the Series D preferred shares from any national securities exchange on which the Series D preferred shares are then listed, we may only redeem the Series D preferred shares in whole.

On and after the date fixed for redemption, provided that the redemption price has been paid or provided for, dividends will no longer be declared on the Series D preferred shares called for redemption. These shares will no longer be deemed to be outstanding, and the holders of these shares will have no rights as stockholders, except the right to receive the amount payable on redemption, without interest, upon surrender of the certificates evidencing the Series D preferred shares to be redeemed.

Should we redeem any Series D preferred shares, notice of redemption will be given by first-class mail, postage prepaid, mailed not less than 30 days nor more than 60 days before the redemption date, to the holders of record of the Series D preferred shares to be redeemed as their addresses appear on our stock register."