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Press Release

Presidio Bank Adds Client Expertise

Company Release - 7/6/2011 11:00 AM ET

Richard Cerf Joins as Relationship Manager

SAN FRANCISCO--(BUSINESS WIRE)-- Presidio Bank (OTCBB:PDOB), a Bay Area business bank, today announced that it has hired Richard Cerf as Senior Vice President/Relationship Manager in the San Francisco Regional Office.

Presidio Bank's new Senior Vice President/Relationship Manager in the San Francisco Regional Office, Richard Cerf. (Photo: Business Wire)

Richard brings with him 25 years of banking experience providing businesses with financing and treasury management solutions. He joins the Presidio Bank team from City National Bank where he was a relationship manager for companies in the San Francisco area. Previously, he was with Silicon Valley Bank.

Richard lives in Marin County with his wife and two daughters and serves as the Board Treasurer for The Ritter Center, a San Rafael not-for-profit organization. He is a graduate of UC Berkeley.

Steve Heitel, Presidio Bank President & Chief Executive Officer stated, “Richard’s banking expertise combined with his market knowledge make him a great fit for Presidio Bank. We are thrilled that he has joined our team as we continue to grow the bank.”

About Presidio Bank

Presidio Bank provides business banking services to small and mid-size businesses, including professional service firms, real estate developers and investors, and not-for-profit organizations, and to their owners who desire personalized, responsive service with access to local decision makers. Presidio Bank offers clients the resources of a large bank combined with the personalized services of a neighborhood bank. 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.

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Source: Presidio Bank


Presidio Bank

Steve Heitel, 415-229-8428

President & CEO