August 21, 2007

Approval of proposal by Wells Fargo & Company

For immediate release

The Federal Reserve Board on Tuesday announced its approval of the proposal by Wells Fargo & Company, San Francisco, to acquire Greater Bay Bancorp, East Palo Alto, and thereby indirectly acquire its subsidiary, Greater Bay Bank, National Association, Palo Alto, all of California.

Attached is the Board's Order relating to this action.

Last Update: August 21, 2007