SAN JOSE, CA--(Marketwire - April 5, 2011) - Bridge Capital Holdings (
"At its founding ten years ago, Bridge Bank made a commitment to the business market that we would provide state of the art technology and business banking capabilities to our clients," said Daniel P. Myers, President and Chief Executive Officer of Bridge Capital Holdings and Bridge Bank. "Implementation of these new systems is only the most recent example of our follow through on that commitment. Our clients count on us to be current on technology, capable, and competitive in every respect with all other banks in the market, regardless of size."
At its inception in 2001, the Bank took a strategic approach to building its technological capabilities. Bridge Bank was one of the first financial institutions to outsource all of its core and electronic banking functions. This approach, which incorporates one of the company's core competencies, vendor relationship management and partnering, allows the Bank to offer to its clients state of the art electronic banking solutions as they are developed, rather than being constrained with legacy systems.
"If you are committed to providing the best electronic banking solutions to clients, as Bridge Bank is, core systems conversions are a technological necessity," stated John Peckham, Senior Vice President and Bridge Bank Manager of Information Systems. "Changing multiple processing platforms is a major undertaking, but the investment will position Bridge Bank to provide its growing client base the best banking platform to meet their increasingly complex banking needs."
A bank's core processing system houses deposit, loan, and client information systems, and is the primary system through which the bank provides its day-to-day core services. The new systems are based on the service-oriented architecture (SOA), a common integrated platform for visibility into Customer Relationship Management (CRM), customer account information, and transaction banking systems. Clients will benefit from increased functionality and flexibility in the services and products offered by Bridge Bank.
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 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 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.