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References
- ↑ Calvey, Mark (July 22, 2002). "Bay View liquidates, sells assets to U.S. Bank, Wamu". San Francisco Business Times .
- 1 2 "U.S. Bank Agrees to Purchase Bay View Bank Retail Branches". PR Newswire (Press release). July 22, 2002. Archived from the original on 2017-04-23. Retrieved 2017-04-22.
- ↑ "Bay View Capital Closes Sale of Branches to U.S. Bank". PR Newswire (Press release). November 1, 2002. Archived from the original on 2017-05-19. Retrieved 2017-04-22.
- ↑ "Bay View Announces Sale of Commercial and Multifamily Loans To Washington Mutual". PR Newswire (Press release). August 12, 2002. Archived from the original on 2017-04-24. Retrieved 2017-04-22.
- ↑ "Bay View Hires Merrill Lynch to Assist in Sale of Its Businesses". Los Angeles Times . May 31, 2000.
- ↑ "Bay View Capital Corporation Investors Approve Plan of Dissolution And Stockholder Liquidity". PR Newswire (Press release). October 3, 2002. Archived from the original on April 23, 2017. Retrieved April 23, 2017.
- 1 2 Zuckerman, Sam (November 20, 2000). "Wells Fargo Aiming for Bay View". San Francisco Chronicle .
- ↑ Zuckerman, Sam (January 3, 2001). "Bids for Bay View Don't Impress Board - Delayed action could prove costly to bank" . San Francisco Chronicle . p. C1.
Troubled Bay View Capital Corp., which put itself up for sale in May, got buyout offers worth roughly $10 per share, or $325 million, from two giant San Francisco financial institutions, sources familiar with the matter said. The bids received from Wells Fargo and Golden State Bancorp before a late November deadline were below what the board of the San Mateo bank had expected, so directors postponed responding, the sources noted. The nonbinding offers were subject to inspections of Bay View's loan portfolio, meaning that buyout prices could be knocked down further. Reflecting Bay View's financial problems, the bids came in below the bank's net worth as measured by the value of shareholder equity. Banks typically sell at a substantial premium to book value. Still, some analysts said Bay View should have jumped at the offers. Since the bids were received, its shares have fallen by more than a third, closing yesterday at $6.06.
