ABD Insurance and Financial Services Appoints Samuel L. Jones as President and Chief Executive Officer

  
    
  
  
    
      Greater Bay Bancorp (Nasdaq:GBBK) today announced the appointment of 
      Samuel L. Jones as President and Chief Executive Officer of ABD 
      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 and I, as well as 
      our entire organization, are truly delighted that he has returned to 
      become CEO, 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. 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 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 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 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 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
    
    
      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, 
      2006 and particularly the discussion of risk factors within such 
      documents.