Bay View Capital and Franchise Mortgage Receive Shareholder Approvals.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Oct. 14, 1999-- Bay View Capital Corporation (Bay View, NYSE NYSE See: New York Stock Exchange : BVC BVC Bar Vocational Course (UK) BVC Bolsa de Valores de Colombia (Colombia) BVC Bureau Veritas Certification BVC Banco Venezolano de Credito (Venezuela) ) and Franchise Mortgage Acceptance Company (FMAC FMAC Find, Meet, Attract, Close FMAC Financial and Management Accounting Committee FMAC Fédération Mondiale des Anciens Combattants (French: World Veterans Federation) FMAC FEMA Map Assistance Center FMAC FPGA Mission Assurance Center , Nasdaq: FMAX) announced that both Bay View's and FMAC's shareholders have approved the definitive merger agreement between the two companies at Special Meetings held today by the two companies. Edward H. Sondker, Bay View's President and Chief Executive Officer commented, "We are pleased to report that all necessary approvals have now been received. We look forward to closing the transaction, which we expect to occur on November 1, 1999." Each FMAC shareholder will receive an election form whereby they will elect to receive cash, Bay View common stock, or a combination of cash and stock. These election forms have been mailed and should be received shortly. The election forms should be completed and returned by October 26, 1999. Bay View Capital Corporation is a $5.9 billion diversified financial services holding company headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. . It is the parent company of Bay View Bank, N.A. and its subsidiaries, Bay View Acceptance Corporation and Bay View Commercial Finance Group. |
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