SOURCE: Charter Oak Bank

Charter Oak Bank

January 20, 2011 20:21 ET

Charter Oak Bank Shareholders Approve Merger Agreement With Bay Commercial Bank of Walnut Creek

NAPA, CA--(Marketwire - January 20, 2011) - Charter Oak Bank (OTCBB: CHOB) announced today that the company's shareholders have approved the bank's previously announced merger agreement with Bay Commercial Bank. The merger transaction remains subject to regulatory approvals.