PALO ALTO, Calif. - Continuing its torrid acquisition spree in Northern California, Greater Bay Bancorp is planning to buy Bank of Petaluma for about $41 million of stock.

The deal, announced late Tuesday, is one of three pending at $2.6 billion-asset Greater Bay. The super community banking company, which was created in 1996 through a merger of two banks, is also buying Coast Bancorp in Santa Cruz and Bank of Santa Clara. Upon completing the three deals, Greater Bay would have 10 subsidiary banks with $3.7 billion of assets and $3.3 billion of deposits.

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