Less than a month after completing a real estate writedown of $2.9 million, Capital Corp of the West has entered into a letter of intent to acquire Town & Country Finance & Thrift, Turlock.

Capital Corp, $190 million parent company of County Bank, would acquire $25 million Town & Country for a combination of cash and stock. The $5.5 million deal represents 157% of Town & Country's June 30 book value.

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