Bridge Bank Provides Construction Financing of Custom Luxury Homes in Atherton, California
| Source: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - November 20, 2009) - Bridge Capital Holdings (NASDAQ : BBNK ), whose
subsidiary is Bridge Bank, National Association, a full-service business
bank headquartered in Silicon Valley, announced today it has provided
construction financing to two local premier developers for the construction
of custom luxury homes in Atherton, California.
Jeff Wise of Wise Building Company and Oskar Kalbali of KAL Construction
have each been in business for more than 10 years and clients of the Bank
for multiple projects. Bridge Bank provided financing for the construction
of the speculative project homes that recently sold at the high end of the
market in the exclusive area of Atherton, CA. The Wall Street Journal
recognized these developers in an article earlier this month, which attest
that both of these developers have successfully created a niche in the
development of luxury, custom homes that are sought out by those
individuals interested in living in this prestigious locale.
"Bridge Bank is proud to work with top tier developers like Wise Building
Company and KAL Construction," said Kimberly Rysyk, Senior Vice President,
Construction and Commercial Real Estate Division at Bridge Bank N.A. "They
both demonstrated their ability to perform in a difficult market by
delivering exceptional homes to the marketplace. We are thrilled to be
able to provide financing options for those developers that have proven
they know the market and can deliver high quality homes."
Bridge Bank specializes in providing superior service and customized
banking solutions to small and middle-market, and emerging technology
business 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, construction
loans, 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 Wise Building Company
Wise Building Company designs and constructs fine estate homes for families
searching for the very best. Their homes exude a warmth and beauty that
transports you to a time when homes were built to last forever. With a
passion for old-world craftsmanship and detailing reminiscent of a bygone
era, Wise Building Company creates homes that become a legacy that lasts
through generations. Visit them on the web at WiseBuilding.com.
About KAL Construction, Inc.
KAL Construction, Inc., has been designing and building custom homes for
over a decade. They believe that truly superior homes are timeless. They
work with discriminating clients to handcraft quality estates and are
unique to their lifestyle and reflect their character. Each project is
one-of-a-kind and built to our own elevated standards. Visit them on the
web at www.kalconstructioninc.com.
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.
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forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, and are subject to the safe harbors created
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Forward-looking statements involve significant risks and uncertainties and
actual results may differ materially from those presented, either expressed
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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
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existing litigation; future credit loss experience; increased competitive
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