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): October 23, 2001
Greater Bay Bancorp
(Exact name of registrant as specified in its charter)
California 77-0387041
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
Commission file number: 0-25034
2860 West Bayshore Road
Palo Alto, California 94303
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (650) 813-8200
Item 2. Acquisition or Disposition of Assets.
On October 23, 2001, SJNB Financial Corp. ("SJNB") merged (the
"Merger") with and into Greater Bay Bancorp (the "Registrant") pursuant to the
Agreement and Plan of Reorganization, dated as of June 25, 2001, as amended as
of September 5, 2001, by and between SJNB and the Registrant (the "Agreement").
In accordance with the Agreement, former shareholders of SJNB received 1.82
shares of the Registrant's common stock in exchange for each of their shares of
SJNB common stock. As a result of the Merger, San Jose National Bank (the
"Bank"), formerly a wholly owned subsidiary of SJNB, became a wholly owned
subsidiary of the Registrant. The Merger was accounted for as a pooling of
interests.
As of September 30, 2001, the Bank had four banking offices located in
San Jose, Saratoga, Los Gatos and Danville, California, with total assets of
$663.6 million, total deposits of $563.8 million and total loans of $480.8
million. The Bank will continue to conduct its banking operations at all of
these locations after the Merger.
In connection with the Merger, Robert A. Archer and Arthur K. Lund,
current members of the Bank's Board of Directors, were appointed to the Board of
Directors of GBB. In addition, David Kalkbrenner, President and Chief Executive
Officer of GBB, was appointed to the Board of Directors of the Bank.
Item 7. Financial Statements and Exhibits.
Exhibits
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99.1 Press release issued October 23, 2001 re closing of the Merger
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Greater Bay Bancorp
(Registrant)
Dated: October 23, 2001 By: /s/ Linda M. Iannone
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Linda M. Iannone
Senior Vice President, General
Counsel and Secretary
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Exhibit Index
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99.1 Press release issued October 23, 2001 re closing of the Merger
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