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Press Release

Presidio Bank Names Heitel CEO; Will Oversee Continued Growth and Expansion of Successful Bay Area Community Bank

Company Release - 10/1/2009 9:00 AM ET

SAN FRANCISCO--(BUSINESS WIRE)-- Presidio Bank (OTCBB:PDOB) today announced that Bank President Stephen G. Heitel has taken on the additional role of CEO. Heitel, a veteran Bay Area banker, assumes the CEO position from James R. Woolwine, one of Presidio Bank's Founders. Woolwine will continue to serve as Chairman.

"Steve's knowledge of the Bay Area along with his twenty-five plus years of banking experience are a strategic benefit for the Bank," Woolwine said. "His leadership abilities and commitment to quality service provide a significant advantage in growing our presence in the local communities we serve. Steve will be an excellent steward of our community-based approach to banking."

Headquartered in San Francisco, Presidio Bank has grown in to a key partner to Bay Area businesses and non-profit organizations as a result of its community-centric approach to banking. Earlier this year, Heitel oversaw the opening of a full-service office in Santa Rosa to serve the North Bay's expanding business base. Presidio Bank also has offices in San Rafael and Walnut Creek.

Before joining Presidio Bank in 2008, Heitel was President and CEO of Mid Peninsula Bank (Palo Alto), the $1 billion flagship of Greater Bay Bancorp. Greater Bay was subsequently acquired by Wells Fargo. Prior to joining Greater Bay in 2001, Heitel spent more than two decades with Bank of America heading that bank's Bay Area commercial banking activities, focused on middle-market businesses including credit, deposits, treasury management, investment banking and trade finance needs.

"Presidio Bank has consistently been able to differentiate itself by delivering high quality service through an empowered, highly skilled team," Heitel said. "A vital element of our strength as a premier business bank in the Bay Area is our focus on putting local deposits to work by lending them within the Bay Area communities we serve. This clearly makes a meaningful difference within those communities. Our strong financial position, locally-based experienced Bankers and customer service focus are the key drivers setting us apart from our competitors."

As an example of Presidio Bank's community-centric focus, Heitel pointed to the recent assistance to clients in cashing Registered Warrants issued by the State of California. He also highlighted the Presidio Community Values CD, an FDIC insured CD that pays interest while also providing an additional quarterly "bonus" to qualifying non-profit organizations.

Heitel is a resident of Redwood City and a graduate of the University of San Francisco, with a degree in Finance. He is a member of the Board of Trustees of the Fort Mason Center in San Francisco. He previously served on the Boards of the San Jose and Oakland Chambers of Commerce and a variety of other civic and non-profit organizations.


Founded in 2006, Presidio Bank (PDOB) was the first new locally owned and managed Commercial Bank in San Francisco in more than 20 years and, at that time, raised the largest initial capitalization of a new bank in California history. Through its offices in San Francisco, Walnut Creek, San Rafael and Santa Rosa, Presidio Bank offers successful small and mid-sized Bay Area businesses a comprehensive array of Commercial Banking products and services. Presidio Bank serves the financial needs of a variety of commercial customers including non-profit organizations, real estate investors and developers, professional service firms and their owners, partners and executives. Presidio Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and is headquartered at One Montgomery Street, Suite 2300, San Francisco, CA 94104; telephone: (415) 229-8400;

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    Source: Presidio Bank
Contact: Presidio Bank Fred Bailard, 415-229-8400 Executive Vice President