ABD Insurance and Financial Services Appoints Samuel L. Jones as President and Chief Executive Officer
24 Maio 2007 - 8:09PM
Business Wire
Greater Bay Bancorp (Nasdaq:GBBK) today announced the appointment
of Samuel L. Jones as President and Chief Executive Officer of ABD
Insurance and Financial Services. �We are extremely pleased that
Sam has rejoined ABD to assume the leadership role at this
important and critical time,� commented Byron A. Scordelis,
President and Chief Executive Officer of Greater Bay Bancorp. �He
brings an outstanding track record of accomplishment as well as an
exceptional level of professionalism, integrity, and institutional
knowledge to ABD that will be invaluable in sustaining the
excellence of the ABD organization,� he stated. Mr. Jones began his
career in 1976 as a producer and manager of Ellingson and Jones
Insurance Services located in Sonoma County. In 1993, this firm
merged with ABD and Mr. Jones assumed responsibility for the North
Bay market, including the establishment of a new office in
Petaluma. In 1998, Mr. Jones joined ABD�s Sacramento office and in
2000 opened ABD�s property and casualty office in Torrance. In
2003, Mr. Jones was named President of ABD�s property and casualty
division. In late 2005, Mr. Jones left ABD to pursue other personal
interests. �Sam is a consummate insurance professional and an
executive who enjoys universal respect within the ABD family,�
added Bruce M. Basso, Co-Chairman of ABD Insurance and Financial
Services. �Fred de Grosz and I, as well as our entire organization,
are truly delighted that he has returned to become CEO, and are
confident that he has the skills and attributes necessary to ensure
ABD�s continued reputation for industry leadership,� he concluded.
Mr. Jones earned a bachelor�s degree from the University of
California at Berkeley. He has been extensively involved in a
number of civic activities including the boards of Junior
Achievement of Sonoma County, the 20/30 Club, and the Wells Fargo
Performing Arts Center in Santa Rosa. �I am enthusiastic about the
prospect of rejoining ABD at this particularly exciting time in
ABD�s history,� stated Mr. Jones. �Our people are entrepreneurial,
talented and professional, and I want to be integral to harnessing
their energy and having them charge past our corporate and their
personal goals. The impending merger with Wells Fargo will enable
ABD to grow its business units, enhance our service commitments and
create job opportunity and satisfaction while maintaining the ABD
culture which has served our customers so well over time,� he
concluded. 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
Greater Bay Bank, N.A.�s 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, Greater Bay
Business Funding 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. Greater Bay Bancorp recently
announced that it has signed a definitive agreement to merge with
Wells Fargo & Company. 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.
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