-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HwBgDi9CmbSjE6hn88cWhaJCECubTeXtqjgKhyVsj8nxPRwPPnMcD7MQdQ5pCH9V lrbjob2VAw2UFMhZ2nx1KQ== 0001193125-07-035963.txt : 20070221 0001193125-07-035963.hdr.sgml : 20070221 20070221144415 ACCESSION NUMBER: 0001193125-07-035963 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070221 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070221 DATE AS OF CHANGE: 20070221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREATER BAY BANCORP CENTRAL INDEX KEY: 0000775473 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 770387041 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25034 FILM NUMBER: 07638553 BUSINESS ADDRESS: STREET 1: 1900 UNIVERSITY AVENUE, 6TH FLOOR CITY: EAST PALO ALTO STATE: CA ZIP: 94303 BUSINESS PHONE: 4153751555 MAIL ADDRESS: STREET 1: 1900 UNIVERSITY AVENUE, 6TH FLOOR STREET 2: 420 COWPER ST CITY: EAST PALO ALTO STATE: CA ZIP: 943031504 FORMER COMPANY: FORMER CONFORMED NAME: MID PENINSULA BANCORP DATE OF NAME CHANGE: 19941031 FORMER COMPANY: FORMER CONFORMED NAME: SAN MATEO COUNTY BANCORP DATE OF NAME CHANGE: 19920703 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM 8-K

 


CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) February 21, 2007

 


GREATER BAY BANCORP

(Exact name of registrant as specified in its charter)

 


 

California   0-25034   77-0387041

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

1900 University Avenue, 6th Floor

East Palo Alto, CA

  94303
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (650) 813-8200

N/A

(Former name or former address, if changed since last report.)

 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 8.01 Other Events.

On February 21, 2006, Greater Bay Bancorp (the “Registrant”) issued a press release announcing a proposed public offering of up to $100 million in trust preferred securities and the proposed redemption of the Registrant’s Series B Preferred Stock.

The press release is included as Exhibit 99.1 to this report.

 

Item 9.01 Financial Statements and Exhibits.

List below the financial statements, pro forma financial information and exhibits, if any, filed as a part of this report.

(a) Financial statements of businesses acquired. None

(b) Pro forma financial information. None

(c) Shell company transactions. None

(d) Exhibits.

 

Exhibit No.

 

Description of Exhibit

99.1

  Press Release dated February 21, 2007


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Greater Bay Bancorp
    (Registrant)
Date: February 21, 2007     By:  

/s/ Linda M. Iannone

      Linda M. Iannone
      Senior Vice President and General Counsel


EXHIBIT INDEX

 

Exhibit No.

  

Description of Exhibit

99.1

   Press Release dated February 21, 2007
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

For Information Contact          
At Greater Bay Bancorp:      

At Silverman Heller Associates:

Byron A. Scordelis, President and CEO

      Philip Bourdillon/Gene Heller

(650) 838-6101

      (310) 208-2550

James S. Westfall, EVP and CFO

     

(650) 838-6108

     

FOR IMMEDIATE RELEASE

GREATER BAY BANCORP ANNOUNCES

PROPOSED TRUST PREFERRED SECURITIES OFFERING

AND REDEMPTION OF SERIES B PREFERRED STOCK

EAST PALO ALTO, Calif. – February 21, 2007 – Greater Bay Bancorp (Nasdaq: GBBK), a $7.4 billion in assets financial services holding company, announced that it intends to file a registration statement with the Securities and Exchange Commission relating to the public offering of trust preferred securities, with an aggregate principal amount of $100 million.

The offering will be made through a newly formed Greater Bay Bancorp wholly owned subsidiary, GBB Capital IX, which will use the proceeds of the offering to purchase Junior Subordinated Deferrable Interest Debentures of Greater Bay Bancorp. Greater Bay Bancorp intends to use the anticipated proceeds from the offering to redeem its $103 million in outstanding Series B Preferred Stock.

Both the offering and the redemption of the Series B Preferred Stock are subject to approval of the Federal Reserve Bank of San Francisco. The redemption is further subject to the successful completion of the trust preferred securities offering.

The trust preferred securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of the trust preferred securities in any state in which offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.

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, including any determination by the Company not to proceed with the proposed trust preferred securities offering or redemption of Series B Preferred Stock or the inability to complete the offering on terms satisfactory to the Company. 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.

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