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FIRST STATE BANK OF THE OAKS SHAREHOLDERS APPROVE MERGER WITH FIRST INTERSTATE BANK OF CALIFORNIA

 THOUSAND OAKS, Calif., Oct. 21 /PRNewswire/ -- First State Bank of the Oaks announced that, at its special shareholders meeting held Wednesday, Oct. 20, shareholders approved the proposed Agreement and Plan of Merger by and between First State Bank of the Oaks and First Interstate Bank of California. The proposed merger was announced Aug. 4, 1993.
 Pending regulatory approval, it is anticipated that the merger will be consummated in the first quarter of 1994.
 With $144 million in assets and five branches, First State Bank of the Oaks is the third-largest independent bank in Ventura County.
 First Interstate Bank of California is the third-largest bank in the state and, with headquarters in Los Angeles, the largest based in Southern California. With 327 branches statewide and nearly $20 billion in assets, it is the principal subsidiary of First Interstate Bancorp, the 13th-largest banking company in the United States.
 -0- 10/21/93
 /CONTACT: Fred Raio, First State Bank of the Oaks, 805-496-2308/


CO: First Interstate Bank of California; First State Bank of the Oaks ST: California IN: FIN SU: TNM

EH-MF -- LA022 -- 5254 10/21/93 12:58 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
Words:187
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