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Press Release

Larry Nibbi Joins Presidio Bank Board of Directors

Company Release - 8/11/2015 11:16 AM ET

SAN FRANCISCO--(BUSINESS WIRE)-- Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that Larry Nibbi, Chief Executive Officer of Nibbi Brothers General Contractors, has joined Presidio Bank’s Board of Directors. As the second generation of leadership in Nibbi Brothers, a leading Bay Area construction firm, Mr. Nibbi brings strong regional knowledge in real estate and the building trades. In addition, he has prior bank experience, having served on the Board of Directors of Borel Private Bank & Trust. A leader in the Bay Area Business, Labor and Non-Profit Communities, Mr. Nibbi serves on numerous boards and committees including San Francisco Center for Economic Development, HEART of San Mateo County, Carpenter’s Health and Welfare Trust Fund, Committee on Jobs and San Francisco Boys and Girls Club. A life-long baseball fan, Mr. Nibbi is also a member of the ownership group of the San Francisco Giants.

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Larry Nibbi, Chief Executive Officer, Nibbi Brothers General Contractors (Photo: Business Wire)

Larry Nibbi, Chief Executive Officer, Nibbi Brothers General Contractors (Photo: Business Wire)

“I look forward to being part of the Presidio Bank team,” said Larry Nibbi. “The bank was built on client service principles similar to those of Nibbi Brothers and has a strong foundation for many years of success.”

He will serve on the Director’s Loan Committee and Corporate Responsibility Committee of the Board. He will also serve on the Presidio Bank San Mateo Advisory Board.

“By staying true to its core values through the years, Nibbi Brothers has evolved into one of the strongest and most respected construction companies in the Bay Area. Larry’s leadership skills and nearly five decades of valuable construction industry experience will be a great resource to our Board,” said Jim Woolwine, Chairman of the Board. “We are pleased to welcome Larry, who shares Presidio Bank’s core values of integrity and strong relationships.”

Mr. Nibbi replaces Steve Oliver, who is leaving the Board but will remain on several Board Committees including the Corporate Responsibility Committee and the Presidio Bank East Bay Advisory Board.

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 five banking offices in San Francisco, Walnut Creek, San Rafael, San Mateo and Palo Alto. More information is available at www.presidiobank.com. Presidio Bank is a member of FDIC and an Equal Housing Lender.

Presidio Bank
Steve Heitel, 415-229-8428
President & CEO
or
Ed Murphy, 415-229-8403
EVP/CFO
or
MEDIA:
Annette Gelinas, 415-229-8415(o) / 925-787-2956(c)
SVP/Marketing Director
agelinas@presidiobank.com

Source: Presidio Bank