Wed07292015

News

Cal Water says no E. coli in water; limits boiling advisory area

Cal Water says no E. coli in water; limits boiling advisory area

Cal Water officials said today that preliminary water quality test results were negative for E. coli were negative and "only a single hydrant" in the South El Monte area of Los Altos showed the presence of total coliform. They reduced the "boil your ...

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Schools

BCS hosts Stretch to Kindergarten program for underserved youth

BCS hosts Stretch to Kindergarten program for underserved youth


Traci Newell/Town Crier
The six-week, tuition-free Stretch to Kindergarten program, hosted at Bullis Charter School, serves children who have not attended preschool. A teacher leads children in singing about the parts of a butterfly, above.

Local un...

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Community

Google car painting project calls on artists

Google car painting project calls on artists


Google self-driving car

Already known as an innovator in the tech field, Google Inc. is now moving in on the art world.

The Mountain View-based company July 11 launched the “Paint the Town” contest, a “moving art experiment” that invites Califo...

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Sports

Pedaling with a purpose

Pedaling with a purpose


courtesy of
Rishi Bommannan Rishi Bommannan cycled from Bates College in Maine to his home in Los Altos Hills, taking several selfies along the way. He also raised nearly $13,000 for the Livestrong Foundation, which supports cancer patients.

When R...

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Comment

The truth about coyotes: Other Voices

The Town Crier’s recent article on coyotes venturing down from the foothills in search of sustenance referenced the organization Project Coyote (“Recent coyote attacks keep residents on edge,” July 1). Do not waste your time contac...

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Special Sections

Grant Park senior program made permanent

Grant Park senior program made permanent


Photos by Alicia Castro/Town Crier
Local residents participate in an exercise class at the Grant Park Senior Center, above. Betsy Reeves, below left with Gail Enenstein, lobbied for senior programming in south Los Altos.

It all began when Betsy Reev...

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Business

New State Street rug retailer has downtown Los Altos covered

New State Street rug retailer has downtown Los Altos covered


Alicia Castro/Town Crier
Los Altos Rug Gallery owner Fahim Karimi stocks his State Street store with a wall-to-wall array of floor coverings.

A new downtown business owner plans to roll out the red carpet – along with rugs of every other color –...

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Books

Book Signings

• Fritz and Nomi Trapnell have scheduled a book-signing party 4-6 p.m. Aug. 1 at their home, 648 University Ave., Los Altos.

Fritz and his daughter, Dana Tibbitts, co-authored “Harnessing the Sky: Frederick ‘Trap’ Trapnell, ...

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People

GRACE WILSON FRANKS

GRACE WILSON FRANKS

Resident of Los Altos

Grace Wilson Franks, our beloved mother and grandmother, left us peacefully on July 16, 2015 just a few weeks short of her 92nd birthday. She was born to Ross and Florence (Cruzan) Wilson in rural Tulare, California on Septem...

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Travel

Gearing up: Make travel more civilized with accessories

Gearing up: Make travel more civilized with accessories


Eren Göknar/Special to the Town Crier
San Francisco-based humangear Inc. sells totes, tubes and tubs for traveling.

In travel, as in romance, it’s the little things that count.

Beyond the glossy brochures lie the travel discomforts too mun...

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Stepping Out

Going out with a 'Bang'

Going out with a 'Bang'


Richard Mayer/Special to the Town Crier
“Chitty Chitty Bang Bang” stars, clockwise from top left, Alexander Sanchez, Sophia Sturiale, Deborah Rosengaus and Danny Martin.

Los Altos Stage Company and Los Altos Youth Theatre’s joint production of t...

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Spiritual Life

Build a 'light' house and get out of that dark place

Most of us have a place inside our hearts and minds that occasionally causes us trouble. For some, it is sadness, depression or despair. For others, it may be fear, anger, resentment or myriad other emotional “dark places” that at times seem to hij...

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Magazine

Inside Mountain View

Residents gather at NASA Ames for Pluto Flyby event

Residents gather at NASA Ames for Pluto Flyby event


Megan V. Winslow/Town Crier
NASA Ames’ Pluto Flyover event kindles the imaginations of young attendees.

Sue Moore watched the July 20, 1969, moon landing beside patients and staff members of the San Francisco hospital where she worked as a nurse...

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Banking on women


Photo by Monique Schoenfeld, Town Crier

Mid-Peninsula's CEO Susan Black makes impact on 'man's world'

Banking has changed in the 14 years that Los Altos resident Susan Black has worked in the field. It's not just about mergers and new technology. Black remembers when most women starting businesses used credit cards for financing because they couldn't get a loan.

Banking is generally still a man's world, said Black, who was named president and chief executive officer of Palo Alto-based Mid-Peninsula Bank in March. The appointment made her the first woman CEO to head a bank in the Silicon Valley. She was formerly an executive vice president at Mid-Peninsula. Black was also named to the bank's board of directors.

Black was one of six founding members of Mid-Peninsula in 1987. With three of her fellow founders, she left Crocker Bank following its 1986 merger with Wells Fargo. Their goal with Mid-Peninsula was "to continue to provide old-fashioned personal service without the dictates of a large bank," she said.

Mid-Peninsula's mission struck a chord with customers and investors. "We had $9 million in capital and $20 million in deposits on the day we opened, and were profitable in the first nine months," Black said.

Today, Mid-Peninsula Bank has more than $400 million in assets and offices in Palo Alto, Redwood City and San Mateo. In a 1996 merger of equals with Cupertino National Bancorp, it formed Greater Bay Bancorp, described by American Banker as "a darling of bank analysts."

"In 1994, we looked at our strategy," Black said. "We were at around $250 million in assets, a size when many banks are acquired. We wanted to be large and strong enough to survive as an independent. Our goal is to be the dominant independent force in the Bay Area."

Black describes Greater Bay's strategy as "super community banking." It allows independent banks to achieve economies of scale by centralizing their support services operations. Member banks retain their own identity. "Decision-making, especially as it relates to customers, is made in the individual banks," she said.

Greater Bay also includes Peninsula Bank of Commerce in Millbrae. It recently announced a merger agreement with Pacific Rim Bancorporation, holding company for Golden Gate Bank in San Francisco.

"Our system expands our legal lending limits," Black said, "so client won't outgrow the lending limits of an individual bank."

"We get constant inquiries from other banks" interested in joining their system, Black said.

Last week Greater Bay (NASDAQ: GBBK) announced net earnings of $6.6 million or 67 cents per share for the six month period ended June 30.

Excluding $1.3 million in costs related to the Pacific Rim merger, net earnings for the period would have been $7.9 million, an increase of 36.6 percent over the same period in 1997. It has total assets of $1.5 billion.

Black calls Mid-Peninsula and Greater Bay Bancorp "truly gender blind." But at banking conventions her husband is often the one taken for a bank president, she said.

Her advice to women: "If you take care of your clients and your employees, I think that advancement will come."

"Banking offers wonderful careers for young people today," Black said. "Careers are not just in high-tech. It's gratifying working with clients, helping them be successful."

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