ABD Insurance and Financial Services Appoints Samuel L. Jones as President and Chief Executive Officer.EAST PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Greater Bay Bancorp (Nasdaq:GBBK) today announced the appointment of Samuel L. Jones as President and Chief Executive Officer of ABD ABD n. A candidate for a doctorate who has completed all the requirements for the degree, such as courses and examinations, with the exception of the dissertation. [a(ll) b(ut) d(issertation).] Insurance and Financial Services. "We are extremely pleased that Sam has rejoined ABD to assume the leadership role at this important and critical time," commented Byron A. Scordelis, President and Chief Executive Officer of Greater Bay Bancorp. "He brings an outstanding track record of accomplishment as well as an exceptional level of professionalism, integrity, and institutional knowledge to ABD that will be invaluable in sustaining the excellence of the ABD organization," he stated. Mr. Jones began his career in 1976 as a producer and manager of Ellingson and Jones Insurance Services located in Sonoma County. In 1993, this firm merged with ABD and Mr. Jones assumed responsibility for the North Bay market, including the establishment of a new office in Petaluma. In 1998, Mr. Jones joined ABD's Sacramento office and in 2000 opened ABD's property and casualty office in Torrance. In 2003, Mr. Jones was named President of ABD's property and casualty division. In late 2005, Mr. Jones left ABD to pursue other personal interests. "Sam is a consummate insurance professional and an executive who enjoys universal respect within the ABD family," added Bruce M. Basso, Co-Chairman of ABD Insurance and Financial Services. "Fred de Grosz grosz n. pl. gro·szy See Table at currency. [Polish, from Czech gro and I, as well as our entire organization, are truly delighted that he has returned to become CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and are confident that he has the skills and attributes necessary to ensure ABD's continued reputation for industry leadership," he concluded. Mr. Jones earned a bachelor's degree from the University of California at Berkeley (body, education) University of California at Berkeley - (UCB) See also Berzerkley, BSD. http://berkeley.edu/. Note to British and Commonwealth readers: that's /berk'lee/, not /bark'lee/ as in British Received Pronunciation. . He has been extensively involved in a number of civic activities including the boards of Junior Achievement of Sonoma County, the 20/30 Club, and the Wells Fargo Performing Arts Center A performing arts center, often abbreviated PAC, is a multi-use performance space that can be adapted for use by various types of the performing arts, including dance, music and theatre. in Santa Rosa. "I am enthusiastic about the prospect of rejoining ABD at this particularly exciting time in ABD's history," stated Mr. Jones. "Our people are entrepreneurial, talented and professional, and I want to be integral to harnessing their energy and having them charge past our corporate and their personal goals. The impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. merger with Wells Fargo will enable ABD to grow its business units, enhance our service commitments and create job opportunity and satisfaction while maintaining the ABD culture which has served our customers so well over time," he concluded. About Greater Bay Bancorp Greater Bay Bancorp, a diversified financial services holding company, provides community banking services in the Greater San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay through Greater Bay Bank, N.A.'s community banking organization, including Bank of Petaluma, Coast Commercial Bank, Golden Gate Bank, Mid-Peninsula Bank, Mt. Diablo National Bank, Peninsula Bank of Commerce and Santa Clara Valley
The Santa Clara Valley is a valley just south of the San Francisco Bay in Northern California in the United States. National Bank. Nationally, Greater Bay Bancorp provides specialized leasing and loan services through its specialty finance group, which includes Matsco, Greater Bay Business Funding and Greater Bay Capital. ABD Insurance and Financial Services, the Company's insurance brokerage subsidiary, provides commercial insurance brokerage, employee benefits consulting and risk management solutions to business clients throughout the United States. Greater Bay Bancorp recently announced that it has signed a definitive agreement to merge with Wells Fargo & Company. For additional information and press releases about Greater Bay Bancorp, visit the Company's web site at http://www.gbbk.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006 and particularly the discussion of risk factors within such documents. |
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