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EXHIBIT 99.2
Press Release dated September 19, 2000 re Stock Split
For Information Contact
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At Greater Bay Bancorp: At Financial Relations Board:
David L. Kalkbrenner Christina Carrabino (general information)
President and CEO James Hoyne (analyst contact)
(650) 614-5767 (415) 986-1591
Steven C. Smith
EVP, CAO and CFO
(650) 813-8222
FOR IMMEDIATE RELEASE
GREATER BAY BANCORP ANNOUNCES
TWO-FOR-ONE STOCK SPLIT
PALO ALTO, CA, September 19, 2000 -- Greater Bay Bancorp (Nasdaq: GBBK), a $4.1
billion in assets financial services holding company, announced today that its
board of directors has approved a two-for-one stock split. Shareholders will
receive one additional share of Greater Bay Bancorp common stock for each share
owned, effective October 4, 2000. New shares will be distributed by the
Company's transfer agent, Wells Fargo Shareowner Services, on or about October
18, 2000.
"We believe this stock split will make our stock more accessible to a broader
range of investors, as well as improve market liquidity," stated David L.
Kalkbrenner, President and Chief Executive Officer of Greater Bay Bancorp.
Greater Bay Bancorp previously split its common stock in 1998 on a two-for-one
basis.
Greater Bay Bancorp through its nine subsidiary banks, Bank of Santa Clara, Bay
Area Bank, Bay Bank of Commerce, Coast Commercial Bank, Cupertino National Bank,
Golden Gate Bank, Mid-Peninsula Bank, Mt. Diablo National Bank and Peninsula
Bank of Commerce, along with its operating divisions serves clients throughout
Silicon Valley, San Francisco, the San Francisco Peninsula, the Contra Costa
Tri-Valley Region and the Coastal Market.
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, 1999, and particularly the
discussion of risk factors within such documents.
For investor information on Greater Bay Bancorp at no charge, call our automated
shareholder information line at 1-800-PRO-INFO (1-800-776-4636) and enter code
GBBK. For international access, dial 1-201-432-6555.
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