PALO ALTO, Calif. Greater Bay Bancorp said Monday it completed its acquisition of Bank of Petaluma.
Bank of Petaluma will operate as a subsidiary of Greater Bay. Including a pending merger with Matsco Cos. Inc., the companys pro forma assets as of Sept. 30 would have been about $4.7 billion.
The addition of Bank of Petaluma enhances Greater Bays ring the Bay strategy by providing a solid market presence from San Francisco up through Marin County and into Petaluma, a region also known as Telecom Valley, David Kalkbrenner, president and chief executive officer of Greater Bay Bancorp, said in a press statement.
