Bay Area Bank Announces Appointment of Frank M. Bartaldo Jr. as President and Chief Executive Officer.REDWOOD CITY, Calif.--(BUSINESS WIRE)--July 16, 1998--Dennis W. Royer, chairman of the board of Bay Area Bank, announced that Frank M. Bartaldo Jr. has been appointed to the position of president and chief executive officer of Bay Area Bank. Bartaldo has been acting president of the bank since February of this year. Prior to that, he served as executive vice president and senior banking officer in charge of daily banking operations. Bartaldo has been with the bank since 1986 and was appointed to the bank's board of directors in February of 1996. Bartaldo started his career in banking in 1972 at Wells Fargo Bank. He received his BS degree in Business Administration from California State University Enrollment  at Chico in 1971.Bartaldo, 50, is a long time resident of Foster City with his wife, Kathy, a teacher at Bowditch Middle School Nathaniel Bowditch Middle School, is a middle school in Foster City, California. It was built in the late 1960s, and makes use of the pod system of architecture that was popular during that time period. , and daughters Molly and Stacy, who attend the University of Arizona (body, education) University of Arizona - The University was founded in 1885 as a Land Grant institution with a three-fold mission of teaching, research and public service. . Bartaldo is immediate past-president and current board member of the Redwood City-SanMateo County Chamberof Commerce. He also serves on the boards of the YMCA YMCA in full Young Men's Christian Association Nonsectarian, nonpolitical Christian lay movement that aims to develop high standards of Christian character among its members. of the Mid Peninsula-Sequoia Branch, Sunny View Lutheran Home and is a member of the Sequoia Hospital Citizen's Advisory Board. Bay Area Bank is ranked by The Findley Reports as a super premier performing bank in the State of California. Bank earnings for the first six months of 1998 represent an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return on average assets of 1.76% and a return on average equity of 19.92%. Bay Area Bank is the sole subsidiary of Bay Area Bancshares (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BYAR) and is the only independent commercial bank based in Redwood City.
CONTACT: Bay Area Bank
Frank Bartaldo, 650/562-3224 (President/CEO)
Anthony J. Gould, 650/562-3285 (Chief Financial Officer)
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