BANKING & FINANCE - Feb. 14, 1992
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From Times Staff and Wire Reports
B of A Acquisition Approved: BankAmerica’s acquisition of Valley Capital Corp. in Las Vegas was approved by the Federal Reserve Board. B of A will acquire Valley Bank of Nevada, Caliber Bank of Phoenix and various Valley Capital subsidiaries. Valley Capital is the second-largest banking firm in Nevada. The acquisition makes B of A Nevada’s largest bank. The price is expected to range from $360 million to $440 million, depending on BankAmerica’s stock price when the deal closes.
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