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SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement [ ] Confidential, For Use
of the Commission Only
(as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to
ss. 240.14a-11(c) or ss. 240.14a-12
FOOTHILL INDEPENDENT BANCORP
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(Name of Registrant as Specified in its Charter)
BASSWOOD FINANCIAL PARTNERS, L.P.
BASSWOOD PARTNERS, L.L.C.
BASSWOOD CAPITAL MANAGEMENT, L.L.C.
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(Name of Person(s) Filing Proxy Statement if
Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
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(4) Proposed maximum aggregate value of transaction:
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(5) Total fee paid:
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[ ] Fee paid previously with preliminary materials
[ ] Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration
statement number, or the form or schedule and the date of its filing.
(1) Amount previously paid:
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(2) Form, Schedule or Registration Statement No.:
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(3) Filing Party:
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(4) Date Filed:
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ATTENTION ALL FOOTHILL INDEPENDENT BANCORP SHAREHOLDERS:
MAY 10, 1999: VALLEY NATIONAL CORPORATION OF SAN DIEGO, CA AGREES TO MERGE WITH
COMMUNITY FIRST BANKSHARES, IN A STOCK DEAL, FOR A PRICE EQUAL TO APPROXIMATELY 3.25 TIMES THE BOOK VALUE OF VALLEY NATIONAL
MAY 19, 1999: ORANGE NATIONAL BANCORP OF ORANGE, CA AGREES TO SELL THE BANK TO
CVB FINANCIAL CORP., IN A STOCK DEAL, FOR A PRICE EQUAL TO APPROXIMATELY 3.25 TIMES THE BOOK VALUE OF ORANGE NATIONAL
IF FOOTHILL WERE TO MERGE OR SELL IN A STOCK DEAL AT THE SAME PREMIUM TO BOOK VALUE
ALL FOOTHILL SHAREHOLDERS WOULD RECEIVE STOCK IN THE AMOUNT OF APPROXIMATELY $26.00 PER SHARE
A PREMIUM OF 73% OVER THE CLOSING PRICE OF $15.00 PER SHARE ON MAY 19, 1999
BY RECEIVING STOCK, THIS TRANSACTION WOULD BE TAX-FREE TO FOOTHILL SHAREHOLDERS
FOOTHILLS' 1998 ANNUAL REPORT AND ACCOMPANYING MATERIALS CONTAINED THE FOLLOWING QUOTE:
"TODAY'S STOCK QUOTE IS..., TOMORROW'S IS UP TO YOU"
BASSWOOD PARTNERS AND MATTHEW LINDENBAUM COULDN'T AGREE MORE
NOW IS THE TIME TO ACT! - THE OPPORTUNITY TO POTENTIALLY RECEIVE $26.00 TAX-FREE MAY NOT BE HERE FOREVER!
THE CHOICE IS YOURS - THE TRUE OWNERS OF FOOTHILL - THE SHAREHOLDERS!
VOTE FOR MATTHEW LINDENBAUM TO SERVE AS YOUR VOICE!
IF YOU HAVE ANY QUESTIONS FOR MATTHEW LINDENBAUM, CALL HIM DIRECTLY, COLLECT, AT (212) 521-9500
REMEMBER - YOUR VOTE MUST BE RECEIVED BY TUESDAY, MAY 25, 1999
IF YOU HAVE NOT YET VOTED - PLEASE CONTACT YOUR BROKER OR BEACON HILL PARTNERS AT (800) 350-6580
IMPORTANT - YOU CAN NOT VOTE YOUR SHARES AT THE MEETING IF YOU HOLD YOUR SHARES WITH YOUR BROKERAGE FIRM
A written proxy statement and form of proxy were first mailed to shareholders of Foothill Independent Bancorp ("Foothill") on May
10, 1999. The "participants" in this solicitation of proxies are: Mr. Matthew Lindenbaum, Mr. Bennett Lindenbaum, Basswood Financial
Partners, L.P., Basswood Partners, L.L.C., Basswood Capital Management L.L.C., Whitewood Financial Partners, L.P., Jet I, L.P., and
Basswood International Fund, Inc., which collectively beneficially own 553,421 (9.36%) of Foothill common stock
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