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May 31, 1998 | Dow Jones
Bank holding company BYL Bancorp said it has completed its acquisition of Riverside-based DNB Financial Corp. for 956,699 shares of stock valued at $21 million. BYL, which is based in Yorba Linda, said each common share of DNB will be exchanged for 4.1162 shares of BYL common stock. Privately held DNB Financial is the holding company for De Anza National Bank. BYL also said its Bank of Yorba Linda unit will change its name to BYL Bank Group, effective Wednesday.
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BUSINESS
May 31, 1998 | Dow Jones
Bank holding company BYL Bancorp said it has completed its acquisition of Riverside-based DNB Financial Corp. for 956,699 shares of stock valued at $21 million. BYL, which is based in Yorba Linda, said each common share of DNB will be exchanged for 4.1162 shares of BYL common stock. Privately held DNB Financial is the holding company for De Anza National Bank. BYL also said its Bank of Yorba Linda unit will change its name to BYL Bank Group, effective Wednesday.
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