SAN JOSE, CA--(Marketwired - May 28, 2014) - Bridge Capital Holdings (
"We're excited to formalize our lease, and to move forward with the execution of our enhanced growth strategy in the Southern California region," said Tim Boothe, executive vice president and chief operating officer of Bridge Bank. "We believe there is substantial demand within the Orange County business community for Bridge Bank's unique offering, and we are prepared to scale our successful business model accordingly," he added.
Currently, Bridge Bank provides SBA lending solutions in Orange County and Los Angeles County. With the addition of the Costa Mesa office, the bank will extend the reach of several additional lines of business, including the banking services offered through its Corporate Banking, Technology Banking and Capital Finance divisions, as well as its International Banking and Treasury Management Services groups.
"The Southern California market is particularly appealing due to its industry diversity, as well as the regular influx of venture capital investment into the region's growing technology sector," added Tom Sa, executive vice president and chief risk and chief strategy officer of Bridge Bank. "Our franchise is well positioned to gain share in the region, and we look forward to delivering our unique value proposition to the businesses located there," Sa added.
Bridge Bank has a national presence through its network of loan production offices in San Francisco, Palo Alto, Pleasanton, Dallas, Reston, Boston, and Costa Mesa. The bank is headquartered in San Jose, and specializes in business banking services tailored to the small- and middle-market sectors, including companies that are privately-held or venture-backed.
About Bridge Bank, National Association
Recognized by The Findley Reports as a Super Premium Performing Bank, and designated "Superior" by BauerFinancial and IDC, Bridge Bank is a full-service professional business bank founded in the highly competitive climate of Silicon Valley in 2001. From the very beginning, our goal has been to offer small-market and middle-market businesses from across many industries a better way to bank. We provide a surprisingly broad range of financial solutions, enabling us to meet our clients' varied needs across all stages -- from inception to IPO and beyond. It's how we go about doing so that differentiates us from our competition. Bridge Bank's product offering includes growth capital, equipment and working capital credit facilities and treasury management solutions, along with a full line of international products and services and financing secured by domestic, government and foreign receivables. Bridge Bank is a Preferred SBA Lender and a High Delegated Authority Lender through the Export-Import Bank of the United States. Learn more at the new www.bridgebank.com. Follow us @BridgeBank.
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. Bridge Bank Holding Company was recently admitted to Sandler O'Neill's Class of 2012 "Sm-All Stars" -- a select group of 25 top-performing publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2 billion. For additional information, visit the Bridge Capital Holdings website at www.bridgecapitalholdings.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.