CEO of Bay View Capital Corporation (based in the San Francisco Bay area) outlined the company's strategy for building shareholder value by focusing on core banking activities and expanding its business lending operations in the San Francisco Bay Area.
“We have already made significant progress implementing our multi-part strategic vision, which we expect to have in full effect by 2002” noted Goldstein.
Speaking of the initiatives currently underway, “Considerable work remains to be done”, Goldstein said. Efforts are underway to resolve additional non-core businesses, such as our high loan-to-value home equity loans, auto lease portfolio, franchise loans, factoring units and commercial leasing operations. With our completion of the stock sale of the franchise loan servicing unit, announced June 25, Bay View is well on its way to building a healthier balance sheet.
Source: PR Newswire