NORTH BAY BANCORP
P R E S S R E L E A S E
July 7, 2000
North Bay Bancorp, holding company of The Vintage Bank and proposed
holding company of Solano Bank (In Organization), has closed its $5 million
stock offering as of June 30, 2000.
President & CEO Terry L. Robinson stated, "The stock offering has been
oversubscribed by approximately $240,000. The purpose of the offering was to
develop a base of Solano County investing shareholders and provide a portion of
the capital needed for the opening of Solano Bank (In Organization). We are
elated with the enthusiasm with which this issue was received; it bodes well for
the future of the new bank." Glen C. Terry, President & CEO of Solano Bank (In
Organization) added, "The degree of community support for our new bank in Solano
County has been very impressive. We are excited at the prospects of opening our
doors and restoring our style of community banking to Solano County."
Since the offering is limited to a maximum of $5 million, the excess
subscriptions cannot be accepted in their entirety. Robinson explained that the
excess would be refunded to larger selected subscribers whose investment was
made during the offering extension period (after May 31, 2000). Robinson added
that all subscribers will become shareholders, although some will be invested at
a lower level than that for which they originally subscribed.
Stock of North Bay Bancorp is quoted on the Over-The-Counter (OTC)
Bulletin Board, Symbol NBAN.OB.
EXHIBIT 99.1
