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Banking

June 11, 1998

* Bay View Capital Corp., a San Mateo-based thrift, agreed to acquire PSB Lending Corp., a home equity lender, for $153 million in stock and cash, plus as much as $147 million from future profit. PSB, a unit of Dallas-based Pacific Southwest Bank, specializes in highly leveraged home-equity loans, or loans that are a high percentage of the value of the borrower's home. Carlsbad-based PSB says it was the third-largest in that business when it bought $750 million of loans from 225 lenders.

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