-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VUbPCHpXKSUxcMEApbWcuc6tQGBn4YO49tQlm9ofH91nxLWuGdBLmT5UW+GuDfFo LD6UcDX3IxHa83/v1p70fw== 0000912057-97-023781.txt : 19970711 0000912057-97-023781.hdr.sgml : 19970711 ACCESSION NUMBER: 0000912057-97-023781 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970626 ITEM INFORMATION: Other events FILED AS OF DATE: 19970710 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL CORP OF THE WEST CENTRAL INDEX KEY: 0001004740 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 770405791 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27384 FILM NUMBER: 97638405 BUSINESS ADDRESS: STREET 1: 1160 W OLIVE AVE STREET 2: STE A CITY: MERCED STATE: CA ZIP: 95348 BUSINESS PHONE: 2097252200 MAIL ADDRESS: STREET 1: 1160 W OLIVE AVENUE STREET 2: SUITE A CITY: MERCED STATE: CA ZIP: 95348 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 26, 1997 CAPITAL CORP OF THE WEST ------------------------------------------------------ (Exact name of registrant as specified in its charter) CALIFORNIA 0-27384 77-0405791 ---------------------- ------------------- ---------------------- State of Incorporation Commission File No. IRS Employer ID Number 1160 WEST OLIVE AVENUE, SUITE A, MERCED, CALIFORNIA 95348 ----------------------------------------------------------------------- Address, including zip code, of registrant's principal executive office (209) 725-2200 -------------------------------------------------- Registrant's telephone number, including area code ITEM 5. OTHER EVENTS. See attached press release. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has caused this current report to be signed on its behalf by the undersigned duly authorized person. Date: June 26, 1997 Capital Corp of the West By: /s/ Thomas T. Hawker ------------------------------- Its President and Chief Executive Officer 2 NEWS RELEASE ------------ CONTACT: Capital Corp of the West/County Bank Thomas Hawker or Janey Boyce (209) 725-2200 Bank of America Harvey Radin (415) 622-6320 CAPITAL CORP OF THE WEST/COUNTY BANK TO ACQUIRE THREE BANK OF AMERICA BRANCHES MERCED, June 26, 1997 -- Capital Corp of the West/County Bank and Bank of America today jointly announced that three BofA branches in the cities of Dos Palos, Livingston and Mariposa will be acquired by Capital Corp's subsidiary, County Bank. This acquisition is subject to approval by federal and state regulators of Capital Corp and County Bank, after which detailed information will be sent to each customer. "The purchase of the local branches by County Bank will ensure continuity of banking services for the three communities," said Bank of America District Manager, Mike Petermann. He described the sale as part of an effort by BofA to adjust its retail banking franchise. "Like any retailer, we continually evaluate our business to allocate our resources as effectively as possible. This is a dynamic, ongoing process in which we may sell or consolidate locations -- as well as open new facilities -- as market circumstances require." According to Petermann, the fact that BofA does not have extensive retail operations in these three areas was a key consideration in its decision to sell the branches. By reallocating some of its resources, Bank of America feels it will be able to best serve the majority of its customers. Founded in 1977, County Bank currently operates nine full service branches in: Merced, Atwater, Los Banos, Hilmar, Turlock, Modesto and Sonora. A tenth office is approved for a scheduled opening late this year in Madera. As of March 31, 1997, County Bank's assets totaled $255 million. Capital Corp of the West, County Bank's holding company, had consolidated assets of $286 million. "We're very pleased to welcome Bank of America customers and employees in these three communities to our banking family," said Tom Hawker, President of County Bank and Capital Corp of the West. "As a local community bank, we're committed to supporting the growth of our communities through quality customer service and our full range of banking products. County Bank and Bank of America are mutually committed to a smooth transition as customer accounts are transferred from BofA to County Bank." - ### - -----END PRIVACY-ENHANCED MESSAGE-----