Bay Commercial Bank Encourages Shareholders to Vote at Its 2013 Annual Meeting
WALNUT CREEK, Calif., Sept. 6, 2013 (GLOBE NEWSWIRE) -- Bay Commercial Bank
(OTCQB:BCML) (the "Bank") 2013 Annual Meeting of Shareholders is scheduled for
Tuesday, September 17, 2013 at 5:30 pm at the corporate office at 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
George J. Guarini, Chief Executive Officer of the Bank, stated, "Regulations
require that a supermajority of the Bank's shareholders approve the proposed
repurchase of shares.The repurchase is beneficial to those shareholders
looking for an exit strategy and it improves the book value per share which
enhances the value of the Bank's stock related to possible merger
opportunities.We really want to encourage all shareholders of record to vote
as soon as possible."
Bay Commercial Bank offers a full-range of loans, 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.
CONTACT: Bay Commercial Bank, Walnut Creek, California
Keary Colwell, 925-476-1800
Bay Commercial Bank Logo
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