Exhibit 99.2

Press Release dated February 23, 2007 re conference participation

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

FOR IMMEDIATE RELEASE

GREATER BAY BANCORP TO ATTEND

KEEFE, BRUYETTE & WOODS REGIONAL BANK CONFERENCE AND

SANDLER O’NEILL & PARTNERS, L.P. WEST COAST

FINANCIAL SERVICES CONFERENCE

EAST PALO ALTO, Calif. – February 23, 2007 – Greater Bay Bancorp (Nasdaq:GBBK), a $7.4 billion in assets financial services holding company, announced that Byron A. Scordelis, President and Chief Executive Officer, will participate in the Keefe, Bruyette & Woods Regional Bank Conference on February 28, 2007 at 11:10 a.m. EST and the Sandler O’Neill & Partners, L.P. West Coast Financial Services Conference on March 6, 2007 at 11:30 a.m. PST.

The Keefe, Bruyette & Woods conference will be accessible live via the Internet through its website at www.kbw.com/news/conferenceRegionalBank2007.html during the conference and for 60 days following the conference.

The Sandler O’Neill & Partners, L.P. conference will be accessible live via the Internet through its website at www.sandleroneill.comduring the conference and for 30 days following the conference. You may also listen to the conference by telephone by dialing (866) 634-2275.

Persons interested in listening to either conference should go to the appropriate website 15 minutes prior to the start of the conference to register as it may be necessary to download audio software to hear the presentation. Slides of Greater Bay Bancorp’s presentation will be filed with the SEC on a Current Report on Form 8-K prior to the conferences.

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.

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.

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