ABD names Samuel Jones as president, CEO

EAST PALO ALTO, Calif.--Samuel L. Jones has rejoined ABD Insurance & Financial Services Inc. to become its president and chief executive officer, Greater Bay Bancorp said late Thursday.

Mr. Jones, who left the Redwood City, Calif.-based brokerage in late 2005 to pursue other interests, was formerly president of its property/casualty division. He succeeds Dan R. Francis, who resigned from ABD earlier this month, shortly after ABD parent Greater Bay Bancorp said it was being acquired by Wells Fargo & Co. in a $1.5 billion all-stock transaction (BI, May 14).

"I am enthusiastic about the prospect of rejoining ABD at this particularly exciting time in ABD's history," Mr. Jones said in a statement.

"The impending merger with Wells Fargo will enable ABD to grow its business units, enhance our service commitments and create job opportunity and satisfaction while maintaining the ABD culture, which has served our customers so well over time," he said.