ACM Aviation, LLC Secures $5 Million in Financing From Bridge Bank
| Source: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - July 14, 2009) - Bridge Capital Holdings (NASDAQ : BBNK ), whose
subsidiary is Bridge Bank, National Association, a full-service business
bank headquartered in the Silicon Valley region of California, announced
today, it has extended a $5 million credit facility to ACM Aviation, LLC to
support its expansion efforts.
"Despite the challenging economy, private jet services are still in high
demand," states President Frank Milian. "We are pleased to be working with
Bridge Bank on our expansion projects and are confident they understand our
business and our industry."
ACM Aviation provides aircraft management and charter services and features
the largest fleet of corporate aircraft at the Norman Y. Mineta San Jose
International Airport. ACM Aviation's offerings include a full spectrum of
aviation services with technologically advanced equipment, luxurious
amenities, and first class air travel.
"ACM is in a dynamic sector of aviation while simultaneously servicing
their customers and growing their business," says Larry LaCroix, Senior
Vice President of Bridge Capital Finance Group at Bridge Bank. "We are
delighted to begin a new relationship with ACM and proud that we are an
integral part of their growth."
Bridge Bank specializes in providing superior service and customized
banking solutions to small and middle-market, and emerging technology
businesses in Silicon Valley, California and the Nation. The Bank's
product offerings include 24/7 internet-based business cash and treasury
management, online account statement and item imaging, remote deposit
capture, commercial lines of credit, growth capital financing, commercial
real estate financing, international Export-Import financing and foreign
exchange payment services, Small Business Administration 7(a) and 504 loans
as an SBA Preferred Lender Participant-accredited direct lender, and
factoring and asset-based loans through its Bridge Capital Finance Group.
About ACM Aviation, LLC
ACM Aviation has been leading the executive charter and corporate aircraft
management industry with innovation and unparalleled customer service for
over 27 years. With worldwide operating experience and a priority on
safety ACM has developed an operating standard which is among the highest
in the industry. ACM's focus on hospitality provides the quality of
service that rivals the finest concierge. Flying with ACM Aviation you
will have a peace of mind in knowing that you are with an industry leader
who represents its clients' best interest without compromising safety,
quality, or integrity. The company was founded in 1981 and is based in
San Jose, California.
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 and
middle market companies, and emerging technology businesses, in Silicon
Valley, Northern California, and the Nation. Bridge Bank provides its
clients with a comprehensive package of business banking solutions
delivered through experienced, professional bankers. For additional
information, visit the Bridge Bank website at http://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
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words "believe," "expect," "anticipate," "intend," "plan," "estimate," or
words of similar meaning, or future or conditional verbs such as "will,"
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based on currently available information, expectations, assumptions,
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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
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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.