Bankers Exchange Services

WALNUT CREEK, Calif.–(BUSINESS WIRE)–Community Bankshares, Inc. (“CBI”), the holding company for Community Banks of Northern California (“CBNC”), and Bay Commercial Bank (OTCBB:BCML – News) (“BCB”) announced today the signing of a purchase and assumption agreement transferring a full-service branch office in Castro Valley, California, including certain assets and liabilities of CBNC to BCB. The transaction is subject to customary closing conditions, including receipt of applicable state and federal regulatory approvals. The transaction is intended to be completed during the second quarter of 2009.

According to Mickey Moore, President/CEO of CBNC, “This was a difficult decision for CBNC as the bank has enjoyed great customer loyalty in the Castro Valley branch, however, the sale of our Castro Valley branch will allow us to continue our focus on the Central Valley and our new Sacramento office. We are very confident that Bay Commercial Bank will continue the excellent customer service and community banking focus that they are well known for providing to their existing customers. We expect only good changes to come from this alliance with a very strong bank.”

George Guarini, CEO of Bay Commercial Bank stated “We are excited about welcoming the Clients and Employees of the Castro Valley Office into the Bay Commercial Bank family. At Bay Commercial Bank we say “It’s About the Client”. We believe it, we take it seriously and we show it. We look forward to meeting our new family members.”

About Community Bankshares, Inc. and Community Banks of Northern California:

Community Bankshares, Inc. is a multi-bank holding company serving the states of Colorado and California. Banking subsidiaries include Community Banks of Colorado, Citizen’s State Bank of Cortez, and Community Banks of Northern California. CBI also provides mortgage services through Affiliated Financial Groups, Inc. and Banker’s Mortgage Corporation.

Community Banks of Northern California is the only bank chartered in and headquartered in Tracy with full service branches in Tracy, Lathrop and downtown Sacramento.

About Bay Commercial Bank:

The Bank offers a full range of loan and deposit products and services to businesses and their affiliates throughout the Bay Area. The bank also offers 1031 exchange services. Its headquarters office is located at 1280 Civic Drive, Suite 100, Walnut Creek, California. The Bank has one branch at 155 Grand Ave, Oakland, California. Bay Commercial Bank is a member of FDIC and is an Equal housing lender. Bay Commercial Bank is traded on the bulletin board under the symbol BCML.OB and the Bank can be found at www.baycommercialbank.com. Bankers Exchanges Services can be found on line at www.bes1031.com.

Contact:
Community Bankshares, Inc.
Don Woods, 720-529-3338
Chief Executive Officer
Email: dwoods@cobnks.com
or
Bay Commercial Bank
George J. Guarini, 925-476-1810
Chief Executive Officer
Email: george.guarini@baycommercialbank.com

Welcome to the August 3, 2008 edition of 1031 exchange.

KCLau presents How to Calculate Your Investment Portfolio Return? posted at KCLau’s Money Tips, saying, “About how to calculate your investment portfolio returns.”

Helen Anderson presents 5 Credit Card Fees You Probably Didn’t Know About posted at Bankaholic.

KCLau presents Average Monthly Household Income in 2007: Is it enough? posted at KCLau’s Money Tips, saying, “According to a survey done by the Statistic Department for the Economic Planning Unit, published in Personal Money Magazine June 2008 edition, a typical family in Malaysia earns only RM3686/month. How much this is worth and how much can be spent.”

Robert Phillips presents How to Create an Audio Product Practically for Free posted at CYBERCA$HOLOGY.

KCLau presents The Money Book: A CAP Guide to Managing Your Money posted at KCLau’s Money Tips, saying, “Published by Consumers Association of Penang (CAP), a run down on how to manage your money and a list of what the money book discusses.”

James Lee presents Massive Action… TO COMPLETION! posted at Online Business Freedom.

Robert Phillips presents 3 Simple Ways to Increase Blog Traffic posted at How to Create a DVD without Spending a Dime.

investing strategies

Mark Babineaux presents the-law-of-attraction posted at Where-is-my-success-i-don’t-know-what-to-look-for.

Value Seeker presents Stock Investment Resource: Stock Market Investing Tips – Don’t Overleverage posted at Stock Investing, saying, “Be careful with margin trading. If you take on too much
leverage, you may risk a margin call.”

Helen Anderson presents 3 Warnings Signs Your Bank May Fail posted at Bankaholic.

Larry Russell presents Financial Planning Reading List posted at Pasadena Financial Planner.

mortgage/financing

Raymond presents How Credit Scores Work And How Scores Are Calculated posted at Money Blue Book.

real estate market

Joe Manausa presents Housing Prices Decline Slightly – A Clear Picture Is Forming posted at Tallahassee Real Estate Blog, saying, “While there have been many articles written on the declining real estate market, most are filled with facts and figures that are difficult for the lay-person to follow. This article is filled with easy-to-understand graphs that demonstrate the modest decline in home prices.”

Joe Manausa presents Tallahassee Real Estate – Market Graphs Updated posted at Tallahassee Real Estate Blog, saying, “A compilation of real estate market graphs that shows different segments of the real estate market and how it is performing.”

transaction tips

Value Seeker presents Stock Investment Resource: Stock Market Investing Tips – Democrats and Offshore Drilling posted at Stock Investing, saying, “Author discusses the lunacy of the Democratic opposition to offshore drilling.”

Phil B. presents Stop Using Credit Cards « Phil for Humanity posted at Phil for Humanity, saying, “Save money by stop using credit cards.”

That concludes this edition. Submit your blog article to the next edition of 1031 exchange using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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