PALO ALTO, Calif., May 16 /PRNewswire-FirstCall/ --
Greater Bay Bancorp (Nasdaq: GBBK), an $8.3 billion in assets financial
services holding company, announced the appointment of Michael Serres as Chief
Operating Officer of Mid-Peninsula Bank, a wholly-owned subsidiary of Greater
Bay Bancorp.
Mr. Serres joined Mid-Peninsula Bank in 1994 as Regional Vice President
with responsibility for the Bank's San Mateo Regional Commercial Banking
Office. During his tenure, the San Mateo Region grew from just under
$20 million to over $125 million in assets.
Prior to joining Mid-Peninsula Bank, Mr. Serres held the position of
Senior Vice President for a Burlingame-based community bank. He began his
career with Bank of America in its Palo Alto Commercial Banking Office.
Mr. Serres is a 1985 graduate of Santa Clara University. He currently
serves on the board of directors of Mission Hospice, Inc. of San Mateo County
and the Peninsula Bridge Program in Menlo Park, and is a member of the Housing
Advisory Committee of HIP Housing in San Mateo.
"Michael is a well known local community banker with a strong client
following," said Susan K. Black, President and CEO of Mid-Peninsula Bank. "He
brings strong commercial banking management experience into his new position."
Greater Bay Bancorp through its eleven subsidiary banks, Bank of Petaluma,
Bank of Santa Clara, Bay Area Bank, Bay Bank of Commerce, Coast Commercial
Bank, Cupertino National Bank, Golden Gate Bank, Mid-Peninsula Bank,
Mt. Diablo National Bank, Peninsula Bank of Commerce and San Jose National
Bank, along with its operating divisions, serves clients throughout Silicon
Valley, San Francisco, the San Francisco Peninsula, the East Bay Region, the
North Bay Region and the Central Coastal Region. ABD Insurance and Financial
Services, a wholly owned subsidiary of Greater Bay Bancorp, provides
commercial insurance brokerage, employee benefits consulting and risk
management solutions to business clients throughout the United States.
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 its Annual Report on Form
10-K for the year ended December 31, 2001, and particularly the discussion of
risk factors within such documents.
For additional information and press releases about Greater Bay Bancorp,
visit the Company's web site at http://www.gbbk.com .
SOURCE Greater Bay Bancorp
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Related links:
http://www.gbbk.com
CONTACT:
Susan K. Black, President, Community Banking
Group, President & CEO of Mid-Peninsula Bank, +1-650-614-5761,
for Greater Bay Bancorp, or general information, Christina
Carrabino, or analysts, Stephanie Mishra, both of Financial
Relations Board, +1-415-986-1591
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