With three bank acquisitions pending and one recently completed, Greater Bay Bancorp in Palo Alto, Calif., spent nearly $3 million on merger expenses in the first quarter.

But these expenses were more than offset by the company's sudden and staggering gains in warrant income.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.