Banks Call Off Merger: Silicon Valley Bancshares...

Banks Call Off Merger: Silicon Valley Bancshares and Plaza Commerce Bancorp called off a previously reported agreement to merge. The bank holding companies said the merger would not have benefited shareholders of either company at this time. The proposal, announced last month to merge the Plaza Bank of Commerce of San Jose and Silicon Valley Bank of Santa Clara, would have created a strong Silicon Valley institution with combined assets of about $752 million.