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VALLICORP, PACIFIC BANCORPORATION EXTEND DUE DILIGENCE DEADLINE

 VALLICORP, PACIFIC BANCORPORATION EXTEND DUE DILIGENCE DEADLINE
 FRESNO, Calif., Jan. 22 /PRNewswire/ -- ValliCorp Holdings Inc. (NASDAQ: VALY) and Pacific Bancorporation (NASDAQ: PABC) today jointly announced that they had mutually agreed to extend the due diligence deadline regarding their previously disclosed merger plans. The deadline for due diligence had been extended to Jan. 22, 1992, from Dec. 25, 1991. The new deadline is now set for Jan. 29, 1992. ValliCorp and Pacific Bancorp announced plans to merge on Oct. 29, 1991.
 ValliCorp currently has assets of $433 million and is headquartered in Fresno -- the heart of California's Central San Joaquin Valley. ValliCorp's common stock is traded on the NASDAQ National Market System under the symbol VALY.
 Pacific Bancorporation currently has assets of $206 million and is also headquartered in Fresno. Community First Bank, Pacific Bancorporation's subsidiary, has 18 facilities throughout the southern part of the San Joaquin Valley. Pacific Bancorporation's stock is traded on the NASDAQ National Market System under the symbol PABC.
 For additional information on ValliCorp Holdings, Inc. by Fax: Dial 1-800-PRO-INFO, Code No. 161
 -0- 1/22/92
 /CONTACT: O. James Woodward III, executive VP, of ValliCorp, 209-221-2384; or Gary Strong or Nick Farina, 312-266-7800, Lillian Armstrong, 415-986-1591, or Regina Ryan, 212-661-8030, all of Financial Relations Board for ValliCorp/
 (VALY PABC) CO: ValliCorp Holdings Inc.; Pacific Bancorporation ST: California IN: FIN SU:


KJ -- LA031 -- 2497 01/22/92 16:59 EST
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Publication:PR Newswire
Date:Jan 22, 1992
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