Clay Jones Is Appointed Executive Vice President and Chief Operating Officer of Cupertino National Bank.Business Editors 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.--(BUSINESS WIRE)--Jan. 27, 2004 Greater Bay Bancorp (Nasdaq:GBBK) announced the appointment of Clay Jones as Executive Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Cupertino National Bank, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Greater Bay Bancorp. Mr. Jones replaces Steve Heitel, who has been appointed President and Chief Executive Officer of San Jose National Bank, also a wholly owned subsidiary of Greater Bay Bancorp. Mr. Jones previously served as Executive Vice President of Venture Banking Group, a division of Cupertino National Bank, since joining the Bank in 1998. Prior to joining the Bank, he served in various financial positions with Comerica Bank-California and Silicon Valley Bank. Mr. Jones holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Finance from the University of the Pacific, Stockton, California. "Clay has proven his banking and managerial skills in heading our venture banking activities, and has an enviable record of business, civic, and professional accomplishments as well," stated Byron A. Scordelis, President and Chief Executive Officer of Greater Bay Bancorp. "We are delighted that he can now bring these attributes to this leadership position in one of our largest banks." Mr. Jones is widely recognized in the Silicon Valley through his business and civic contacts. He serves on the Board of Directors of the Association for Corporate Growth Silicon Valley and is a Business Advisor and Member of the Business Roundtable Business Roundtable (BRT), an association consisting of the chief executive officers of major U.S. corporations that was founded in 1972 through the merger of the three preexisting business organizations. for Pacific Community Ventures. "We are pleased that Clay has accepted the position as the Bank's Chief Operating Officer," stated David R. Hood, President and Chief Executive Officer of Cupertino National Bank. "His familiarity with the staff and clients, as well as his technology commercial lending background, will assist the Bank in enhancing its presence in the Silicon Valley market." 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 San Francisco Peninsula in California separates the San Francisco Bay from the Pacific Ocean. On its northern tip is the city of San Francisco. On its southern end is part of Santa Clara County, including the cities of Palo Alto, Los Altos, and Mountain View. , the East Bay Region, the North Bay Region and the Central Coastal Region. 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, 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. 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, 2002, and particularly the discussion of risk factors within such documents. |
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