	san paolo di torino to uire californian bank italian state bank istituto bancario san paolo di torino said its fully owned san paolo u s holding co of wilmington in the u s had signed a letter of intent to uire valley national bank of california san paolo said in a statement that subject to obtaining official authorization from the relevant bodies it would merge valley national bank with its subsidiary first los angeles bank value of the planned uisition was not disclosed reuter 
