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Vib Corp

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August 1, 2002 | E. SCOTT RECKARD, TIMES STAFF WRITER
A major Dutch bank founded as a farmers cooperative said Wednesday that it agreed to pay $212.5 million for VIB Corp., a 20-year-old El Centro bank with branches in rural California communities from Fresno to Calexico. The buyer, Rabobank Group, also has focused on farm towns during its 100-year history and makes 80% of all agricultural loans in the Netherlands.
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August 18, 2003 | E. Scott Reckard, Times Staff Writer
Bankers, start your bidding: Sales of California banks are rising again after three years of decline. Most sellers so far have been banks squeezed by rising technology costs, competition from credit unions and, until recently at least, falling interest rates. All are factors that can convince longtime shareholders it's time to sell. That's good news to such aggressive acquirers as San Francisco's Bank of the West, which last year bought United California Bank for $2.4 billion.
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