Greater Bay Bancorp Announces Date of Special Shareholders' Meeting

  
    
  
  
    
      Greater Bay Bancorp (Nasdaq: GBBK), a financial services holding 
      company, will hold a special meeting of shareholders on Wednesday, 
      September 26, 2007, at 9:30 a.m., to vote on a proposal to approve and 
      adopt an agreement and plan of merger between Greater Bay Bancorp and 
      Wells Fargo & Company. The record date for determining shareholders 
      eligible to vote at the special meeting has been set for August 13, 
      2007. The Company expects to mail the proxy statement-prospectus for the 
      meeting on or about August 20, 2007.
    
    
      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 the Greater Bay Bank, N.A. 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, CAPCO 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.
    
    
      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.
    
    
      More Information About the Merger and Where to Find It
    
    
      The proposed merger will be submitted to Greater Bay Bancorp's 
      shareholders for their consideration. On July 10, 2007, Wells Fargo 
      filed a registration statement with the Securities and Exchange 
      Commission (SEC), which included a preliminary proxy 
      statement-prospectus describing the merger. Greater Bay Bancorp will 
      mail the definitive proxy statement-prospectus when it is available. 
      Shareholders of Greater Bay Bancorp and other investors are urged to 
      read the registration statement and proxy statement-prospectus (and any 
      amendments or supplements to those documents, including the definitive 
      proxy statement-prospectus) when they become available, as well as other 
      relevant documents filed with the SEC, because they will contain 
      important information. The registration statement and preliminary proxy 
      statement-prospectus are, and the definitive proxy statement-prospectus 
      will be, available free on the SEC's website (http://www.sec.gov). 
      In addition, Wells Fargo and Greater Bay Bancorp will provide free 
      copies of the proxy statement-prospectus, and any SEC filings 
      incorporated by reference into that document, upon request as follows:
    
    
      Wells Fargo & Company, Attention Corporate Secretary, MAC N9305-173, 
      Sixth and Marquette, Minneapolis, Minnesota 55479, 612-667-8655. Greater 
      Bay Bancorp, Attention Corporate Secretary, 1900 University Ave., Sixth 
      Floor, East Palo Alto, California 94303, 650-838-6109.
    
    
      Wells Fargo and Greater Bay Bancorp and their respective directors and 
      executive officers may be deemed to be participants in the solicitation 
      of proxies from Greater Bay Bancorp shareholders in connection with the 
      proposed merger. Information about Wells Fargo's directors and executive 
      officers and their ownership of Wells Fargo common stock is set forth in 
      the definitive proxy statement for Wells Fargo's 2007 annual meeting of 
      stockholders, as filed by Wells Fargo with the SEC on Schedule 14A on 
      March 16, 2007. Information about Greater Bay Bancorp's directors and 
      executive officers and their ownership of Greater Bay Bancorp common 
      stock is set forth in the definitive proxy statement for Greater Bay 
      Bancorp's 2007 annual meeting of shareholders, as filed by Greater Bay 
      Bancorp with the SEC on Schedule 14A on April 20, 2007. The proxy 
      statement-prospectus for the proposed merger will provide more 
      information about participants in the solicitation of proxies from 
      Greater Bay Bancorp shareholders.