Bay Commercial Bank Announces 2013 Annual Meeting of Shareholders
WALNUT CREEK, Calif. -- August 28, 2013
Bay Commercial Bank (OTCQB: BCML) (the “Bank”) today announces its 2013 Annual
Meeting of Shareholders is scheduled for Tuesday September 17, 2013 at 5:30
pm. The Bank will also be holding an Open House in celebration of the
relocation of its corporate office to 500 Ygnacio Valley Road Suite 200,
Walnut Creek, California.
The Board of Directors of the Bank is proposing a repurchase of up to 5% of
the outstanding common shares. This proposal requires shareholder approval.
All shareholders of record on July 19, 2013 are encouraged to cast their vote.
George J. Guarini, Chief Executive Officer of the Bank, stated “The repurchase
of some of our common shares 1) is beneficial to those shareholders looking
for an exit strategy 2) improves our book value per share and 3) enhances the
metrics for the improvement in price per share. We encourage all shareholders
who owned stock as of July 19, 2013 to vote and are welcomed to attend the
meeting and open house.”
Bay Commercial Bank offers a full-range of loan, including SBA and USDA
guaranteed loans, and deposit products and services to businesses and their
affiliates throughout the Greater Bay Area. Bay Commercial Bank also offers
business escrow services and facilitates tax free exchanges through its
Bankers Exchange Division. Its full service branches in California are located
at 500 Ygnacio Valley Road, Walnut Creek; 155 Grand Avenue, Oakland; 3895 E.
Castro Valley Blvd, Castro Valley; 700 E. El Camino Mountain View; and 960
School Street, Napa. Bay Commercial Bank is a member of FDIC and is an Equal
Housing Lender. It is traded on the Over the Counter Bulletin Board under the
symbol BCML. The Bank can be found on the web at www.baycommercialbank.com.
Bay Commercial Bank, Walnut Creek, California
Keary Colwell, 925-476-1800
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