Jim Woolwine, chairman of the $225-million bank told the San Francisco Business Times recently that its projections indicate the TARP money also will allow it to lend more than $100 million. Woolwine reportedly said the money will result in Presidio Bank having one of the highest capital ratios within its peer banking group.

The largest community bank in Palo Alto disappeared in 2007 when Wells Fargo acquired Mid-Peninsula Bank and its parent Greater Bay Bancorp. The founder of Greater Bay Bancorp, David Kalkbrenner, is chair of Presidio Bank's advisory board, and Presidio has reportedly hired three former Mid-Peninsula Bank employees to work at the new Palo Alto branch.

Its new office in Downtown Palo Alto will be located in 3,500 square feet on the ground floor of a new building at 325 Lytton Ave., according to the article. It will open sometime during the first three months of 2010.