SAN JOSE, CA--(Marketwire - October 7, 2010) - Bridge Capital Holdings (
The restructure of these credit facilities allows the Company to accomplish its recapitalization with minimal assistance from outside investors. "The Bridge team listened to our needs and responded with a credit facility that is creative and provides increased financial flexibility with the liquidity that allows us to support continued future growth," says Joseph O'Neil, CEO and President of Hunter Technology. "Bridge Bank is a dynamic partner for Hunter Technology, and we look forward to further expanding our long-term partnership."
Hunter Technology is located in Santa Clara, California, and provides Electronic Manufacturing Services (EMS) to the Test and Measurement, Defense, Aerospace and Medical Industries. Hunter's internal Printed Circuit Board Fabrication facility is one of the few mil-spec, vertically integrated suppliers in the world with Class III HDI capabilities. Over 90% of the products they currently have in production are prototyped at Hunter.
"Hunter is a premier company in its space with a long history of success," said Sarah Norris, Vice President, Corporate Banking Group at Bridge Bank. "We appreciate the opportunity to continue to support Hunter's financing needs and we look forward to maintaining a long relationship with the Company."
About Hunter Technology
Hunter Technology provides a full range of Electronic Manufacturing Services (EMS) including: Printed Circuit Board Design & Layout, PCB HDI Fabrication, PCB Assembly, Contract Manufacturing, Test & Systems Integration. For over 40 years Hunter has been a Trustworthy and Reliable Provider of Advanced Electronic Manufacturing Services to the Test and Measurement, Defense, Aerospace and Medical Industries. Hunter's high reliability new product introduction (NPI) center is located in the heart of the Silicon Valley. Hunter offers a fully integrated solution insuring you a competitive edge. Hunter's breadth of operations provides you with the ability to source everything from quick-turn prototypes to volume production directly from a single manufacturer.
About Bridge Capital Holdings
Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and holds a Global Select listing on The NASDAQ Stock Market under the trading symbol BBNK. For additional information, visit the Bridge Capital Holdings website at www.bridgecapitalholdings.com.
About Bridge Bank, N.A.
Bridge Bank, N.A. is Silicon Valley's full-service professional business bank. The Bank is dedicated to meeting the financial needs of small, middle-market, and emerging technology businesses. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. Visit Bridge Bank on the web at www.bridgebank.com.
Forward-Looking Statements
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Company, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.
Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.
The reader should refer to the more complete discussion of such risks in Bridge Capital Holdings' annual reports on Forms 10-K and quarterly reports on Forms 10-Q on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.