Bay View Capital Corp. of San Mateo, Calif., has made a $175 million bid for ailing Bank Plus Corp. of Los Angeles, according to sources close to the situation.

The $9-per-share offer for $3.5 billion-asset Bank Plus does not include its troubled subprime credit card portfolio, sources said.

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.