FRESNO, Calif - The shareholders of Vallicorp Holdings Inc. and Pacific Bancorp. voted at separate meetings to approve the companies' proposed merger.

In each case more than 97% of common shares were voted in favor. The companies expect to complete the transaction, pending regulatory approvals, around midyear.

Vallicorp, a two-bank holding company with $464 million in assets, would grow to $670 million on a pro forma basis.

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