California's Bay View Capital Corp. has tripled the number of shares it can issue, giving itself more flexibility for making acquisitions or preventing a hostile takeover.

The San Mateo-based thrift and finance company got shareholder approval in late May to increase the number of authorized shares to 60 million from the current 20 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.