PALO ALTO, Calif., Jan. 3 /PRNewswire/ --
Greater Bay Bancorp (Nasdaq: GBBK) announced today that its mission critical
systems successfully responded to the century date change.  Accordingly, the
Company's core banking systems, including  the application software for its
deposit, loan and trust computer systems, as well as the electronic funds
transfers system with the Federal Reserve, are fully operational and
accurately processing customer information and transactions.
    David L. Kalkbrenner, President and Chief Executive Officer, stated,
"Greater Bay Bancorp's year 2000 readiness is the result of two years of
planning, implementation and testing.  We dedicated a significant amount of
management and staff resources to this effort to ensure that the rollover
would be seamless for our valued customers.  As an additional safeguard, we
will continue to monitor our systems and those of our vendors and suppliers
over the coming months."
    Greater Bay Bancorp is a financial services holding company with
$2.3 billion in assets as of September 30, 1999.  In October 1999, the company
completed a merger with Bay Commercial Services, the holding company for Bay
Bank of Commerce.  In addition, Greater Bay Bancorp recently signed definitive
agreements to merge with Mt. Diablo Bancshares, which is anticipated to close
in the first quarter of 2000, and Coast Bancorp, which is anticipated to close
late in the first quarter or early in the second quarter of 2000.  On a pro
forma basis, if all of these mergers had occurred on September 30, 1999,
Greater Bay Bancorp would have had assets of approximately $3.0 billion.
    Greater Bay Bancorp and its financial services subsidiaries, Bay Area
Bank, Bay Bank of Commerce, Cupertino National Bank, Golden Gate Bank,
Mid-Peninsula Bank and Peninsula Bank of Commerce, along with its operating
divisions, Greater Bay Bank Contra Costa Region, Greater Bay Bank Fremont
Region, Greater Bay Bank Santa Clara Commercial Banking Group, Greater Bay
Corporate Finance Group, Greater Bay International Banking Division, Greater
Bay Trust Company, Pacific Business Funding and Venture Banking Group, serve
clients throughout Silicon Valley, the San Francisco Peninsula and the Contra
Costa Tri Valley Region, with offices located in Cupertino, Fremont, Hayward,
Millbrae, Palo Alto, Redwood City, San Francisco, San Jose, San Leandro, San
Mateo, San Ramon, Santa Clara, and Walnut Creek.

    Safe Harbor
    This document may contain forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ materially
from those projected.  For a discussion of factors that could cause actual
results to differ, please see the publicly available Securities and Exchange
Commission filings of Greater Bay Bancorp, including the Annual Report on Form
10-K for the year ended December 31, 1998, and particularly the discussion of
risk factors with such documents.
    For investor information on Greater Bay Bancorp at no charge, call our
automated shareholder information line at 1-800-PRO-INFO (1-800-776-4636) and
enter code GBBK.  For international access, dial 1-201-432-6555.

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