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News

LA council votes to delay community center update

LA council votes to delay community center update


Ellie Van Houtte/ Town Crier
The Los Altos City Council voted to delay adoption of a community center conceptual design plan last week. The plan includes elements from a design charette held earlier this fall, left.

The Los Altos City Council last...

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Schools

Scientists bring experiments into MV classrooms

Scientists bring experiments into MV classrooms


Ellie Van Houtte/Town Crier
During a Science is Learning geology lesson, Theuerkauf Elementary School students learn about igneous rocks by observing how sugar changes form when heated.

Hundreds of local elementary students perform experiments w...

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Community

Local actors star in PYT's 'Oklahoma!'

Local actors star in PYT's 'Oklahoma!'


Courtesy of Peninsula Youth Theatre
PYT’s “Oklahoma!” features, from left, David Peters of Mountain View, Jenna Levere of Los Altos and Kai Wessel of Mountain View.

Time is running out to catch Peninsula Youth Theatre’s production of “Oklahoma!”...

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Sports

Eagles advance

Eagles advance


Ellie Van Houtte/Town Crier
Los Altos High’s Carmen Annevelink, left, and Kristen Liu put up a block against Mountain View. Annevelink totaled 20 kills.

Mountain View High’s out-of-the-gate energy could last for only so long against rival and he...

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Comment

Coping with addictions: Haugh About That?

Preparing to deal with my lifelong addiction, I stood in front of the mirror ready to confess the shame I’d been hiding. The first step to healing, I reminded myself, is to admit something is wrong.

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Special Sections

NASA, Google agreement preserves Hangar One

NASA, Google agreement preserves Hangar One


Bruce Barton/Town Crier
Hangar One, pictured here last January, will be restored under an agreement between Google and NASA.

NASA and Google Inc. forged an agreement last week that allows Google to lease a portion of NASA’s historic Moffett Fede...

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Business

State Street science center closing Nov. 30

State Street science center closing Nov. 30


Ellie Van Houtte/
Helix at 316 State St. is closing after the completion of a one-year grant from Passerelle Investment Co. The science center became a popular destination because of its various exhibits. Town Crier

A popular downtown destination...

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Books

Children's author signs books at Linden Tree

Children's author signs books at Linden Tree


Author Tiffany Papageorge is scheduled to sign copies of new her book 11 a.m. Dec. 6 at Linden Tree Books, 265 State St., Los Altos.

Papageorge’s “My Yellow Balloon” (Minoan Moon, 2014) is a Mom’s Choice “Gold” winner. In the book, the Los Gat...

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People

JAMES WINDELL SMITH

JAMES WINDELL SMITH

January 11, 1939 – November 6, 2014
Resident of Mountain View

James Windell Smith, a 40 year resident of Los Altos, passed away from complications after a post-surgery stroke November 6th, 2014 in Los Gatos, California.

Born on January 11, 1939 on...

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Travel

Olive Sonoma: There's more to the quaint town than wine

Olive Sonoma: There's more to the quaint town than wine


Eren Göknar/ Special to the Town Crier
While many day-trippers may think that Sonoma is all about the grapes, the region boasts other delights. Try a biplane ride over the patchwork landscape.

Sonoma, a scenic two-hour drive from Los Altos, boa...

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Stepping Out

LA Stage Company opens 'Fairway'

The Los Altos Stage Company production of Ken Ludwig’s new comedy “The Fox on the Fairway” is slated to run Thursday through Dec. 14 at Bus Barn Theater, 97 Hillview Ave.

A tribute to the English farces of the 1930s and 1940s, “Fox” is a romp that p...

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Spiritual Life

Author of Jewish historical novel slated at Congregation Beth Am

Author of Jewish historical novel slated at Congregation Beth Am


The Beth Am Women have scheduled “A Conversation with Author Maggie Anton” 7:30 p.m. Nov. 20 at Congregation Beth Am, 26790 Arastradero Road, Los Altos Hills.

Anton, winner of the 2012 National Jewish Book Award for Fiction, will discu...

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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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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