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Press Release

Presidio Bank Hires Mid-Peninsula Market President

Company Release - 12/1/2010 1:38 PM ET

SAN FRANCISCO--(BUSINESS WIRE)-- Presidio Bank (OTCBB:PDOB) today announced that it has hired Clay Jones as Executive Vice President and Mid-Peninsula Market President as a continuation of its expansion.

Clay Jones, Presidio Bank EVP/Mid-Peninsula Market President (Photo: Business Wire)

Clay Jones has over seventeen years’ experience as a proven leader in the establishment and growth of community and commercial banking organizations. He was most recently the organizing and initial President and CEO of New Resource Bank, assisting in growing it from its startup phase to over $170 million in total assets. Mr. Jones currently serves as an Advisor or Board member to a number of community organizations including Pacific Community Ventures, JobTrain and the Episcopal Diocese of California. He previously served in corporate capacities for subsidiaries of Greater Bay Bancorp. He was Executive Vice President & Chief Operating Officer of Cupertino National Bank in addition to Executive Vice President /Manager of the Venture Banking Group.

Steve Heitel, Presidio Bank President & Chief Executive Officer stated, “Both Jim Woolwine and I worked with Clay at Greater Bay Bancorp and are thrilled to have someone of his talent and potential join us at Presidio Bank. His leadership experience and market knowledge make him the perfect choice for running our Mid-Peninsula market operations.”

Presidio Bank opened its new Palo Alto office in April 2010. Relationship managers, Sarah Lewis and Luke Farley, both Mid-Peninsula Bank veterans, together with David Kalkbrenner, former CEO of Greater Bay Bancorp and serving as Chairman of Presidio Bank’s Peninsula Advisory Board, have expanded Presidio Bank’s Mid-Peninsula operations and built a great foundation for future growth.

Mr. Jones expressed his enthusiasm by saying “I am excited about joining the Presidio Bank team. It is a dynamic and well-respected company.”

Mr. Jones joins Mr. Heitel and James R. Woolwine, the Bank’s Chairman, on Presidio Bank’s already strong Leadership Team, which includes Executive Vice Presidents Todd Allen, North Bay Market President; Fred Bailard, Cash Management Solutions Manager; Mary Leonard-Wilson, Chief Credit Officer; Edward Murphy, Chief Financial Officer; Vern Padgett, East Bay Market President; Sherry Price, Chief Operating Officer.

About Presidio Bank

Presidio Bank provides business banking services to small and mid-size businesses and to their owners who desire personalized, responsive service with access to local decision makers. Locally owned and operated, Presidio Bank is headquartered in San Francisco, California and currently operates four banking offices in San Francisco, Walnut Creek, San Rafael and Palo Alto. More information is available at Presidio Bank is a member of FDIC and an Equal Housing Lender.

This press release contains certain forward-looking statements that involve risk and uncertainties. These statements are identifiable by use of the words “believe,” “expect,” “intend,” “anticipate,” “plan,” “estimate,” “project,” or similar expressions. The risks and uncertainties that may affect the operations, performance, development, growth projections and results of Presidio Bank’s business include, but are not limited to, the growth of the economy, interest rate movements, timely development by Presidio Bank of technology enhancements for its products and operating systems, the impact of competitive products, services and pricing, client-based requirements, Congressional legislation, changes in regulatory or generally accepted accounting principles and similar matters. Readers are cautioned not to place undue reliance on forward-looking statements which are subject to influence by the named risk factors and unanticipated future events. Actual results, accordingly, may differ materially from management expectations.

Photos/Multimedia Gallery Available:

Source: Presidio Bank


Presidio Bank

Annette Gelinas, 415-229.8415 (office)

925-787-2956 (mobile)