Six Rivers National Bank in Eureka, Calif., rejected the second hostile takeover bid in two months from hometown rival Humboldt Bancorp late Wednesday night.

Humboldt had offered to pay $17.25 a share, or $26 million, for troubled Six Rivers, which lost $1.1 million in 1998. The bid would have given Six Rivers shareholders a 25% premium over the Wednesday closing price of $13.75.

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