Greater Bay Bank, N.A. Receives Outstanding Community Reinvestment Act Examination Rating

  
    
  
  
    
      Greater Bay Bancorp (Nasdaq:GBBK), a $7.3 billion in assets 
      financial services holding company, today announced that its banking 
      subsidiary, Greater Bay Bank, N.A., has received an “Outstanding” 
      rating from the Office of the Comptroller of the Currency as a result of 
      its recent examination of the Bank’s 
      compliance with the Community Reinvestment Act (“CRA”). 
      The examination evaluated the Bank’s record of 
      performance in meeting the credit needs of its communities in the areas 
      of service, investment, and lending.
    
    
      “Being consistently proactive in meeting the 
      needs of the communities we serve is at the very heart of our business 
      model as our long-term success is inexorably tied to the well-being of 
      the people who work and live around us,” 
      stated Byron A. Scordelis, President and Chief Executive Officer. “An 
      ‘outstanding’ CRA 
      rating is a tangible affirmation of our success in that endeavor. We are 
      both pleased and honored to have been recognized in this way,” 
      he continued.
    
    
      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, 
      2005, and particularly the discussion of risk factors within such 
      documents.
    
  
Greater Bay Bancorp (Nasdaq:GBBK), a $7.3 billion in assets
financial services holding company, today announced that its banking
subsidiary, Greater Bay Bank, N.A., has received an "Outstanding"
rating from the Office of the Comptroller of the Currency as a result
of its recent examination of the Bank's compliance with the Community
Reinvestment Act ("CRA"). The examination evaluated the Bank's record
of performance in meeting the credit needs of its communities in the
areas of service, investment, and lending.

   "Being consistently proactive in meeting the needs of the
communities we serve is at the very heart of our business model as our
long-term success is inexorably tied to the well-being of the people
who work and live around us," stated Byron A. Scordelis, President and
Chief Executive Officer. "An 'outstanding' CRA rating is a tangible
affirmation of our success in that endeavor. We are both pleased and
honored to have been recognized in this way," he continued.

   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, 2005, and particularly the discussion of risk factors
within such documents.