PALO ALTO, Calif. - Greater Bay Bancorp raised its quarterly dividend by 33%, declaring a 20-cent-per-share payout for the third quarter.

The cash dividend will be payable Oct. 16 to shareholders of record Sept. 29.

"We are very pleased to announce an increased cash dividend for the third quarter of 2000," said David L. Kalkbrenner, president and chief executive officer. "The company's solid earnings performance and strong capital ratios allow us to reward our valued shareholders for their continued support and confidence."

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