SAN JOSE, CA--(Marketwire - February 8, 2011) - Bridge Capital Holdings (
Bridge Bank recently provided the company with credit facilities in excess of $1,400,000. The company also utilized extensive Treasury Management and International Banking Services.
"Bridge Bank offers a flexible banking relationship that we are confident can meet the changing needs of The Ginger People," said Bruce Leeson, President of The Ginger People. "Our future plans include international growth for our retail brand and the development of non-food markets for ginger. Bridge Bank's sophisticated banking products provide The Ginger People with the financing capability to fund our growth."
Food Market Management, Inc. started in 1984 as a global supplier of ginger products doing business as Royal Pacific Foods and "The Ginger People." The company remains closely held with two state-of-the-art ginger factories in Australia and California. The Ginger People's products are made with all natural ingredients such as cane sugar, honey, and spice with focus on the health benefits of ginger. The Ginger People's award-winning product range is available wholesale and through mail order.
"Food Market Management, Inc. is the ideal client for Bridge Bank," said Ryan Banta, Vice President Corporate Banking Division at Bridge Bank. "We can meet their credit needs and provide sophisticated cash management and international products that are so important to a company with a global focus."
About Food Market Management, Inc.
Owned by Royal Pacific Foods, The Ginger People brand was established in 1984. With state-of-the-art ginger factories in California and Queensland, Australia, The Ginger People prides itself in being the most innovative, quality-oriented and environmentally conscious ginger producer in the world. Visit them on the web at www.gingerpeople.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 more 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.