FRESNO, Calif. -- Vallicorp Holdings and Mineral King Bancorp have announced a letter of intent to merge.

Each share of Mineral King stock would be converted to 2.05 shares of Vallicorp, and Mineral King National Bank of Visalia, Calif., would be consolidated into Vallicorp's Fresno-based lead bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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