Greater Bay Bank, N.A. Receives Outstanding Community Reinvestment Act Examination Rating
01 November 2006 - 12:30PM
Business Wire
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.
Global Blockchain Acquis... (NASDAQ:GBBK)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Global Blockchain Acquis... (NASDAQ:GBBK)
Historical Stock Chart
Von Jun 2023 bis Jun 2024