SAN JOSE, CA
Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full-service professional business bank headquartered in Silicon Valley, announced today the expansion of its Corporate Banking Division into the city of San Francisco to serve the professional business community there.
"We see an enormous opportunity to provide our unique brand of banking to small and middle market companies located in San Francisco," said Peggy Bradshaw, executive vice president and chief banking officer of Bridge Bank. "The addition of our Corporate Banking staff to our existing presence in San Francisco is consistent with our successful banking model in the South Bay."
Emily Ruvalcaba, executive vice president and Corporate Banking Division manager, added, "Bridge Bank provides a unique business banking experience -- different than any other bank. We're pleased to be even closer to our clients in order to deliver the best experience possible." The bank has an established client portfolio in San Francisco, and is seeking to further expand it.
Bridge Bank first opened an office location in San Francisco in May of 2008, initially to serve the thriving technology community there. Over the past five years, the San Francisco Technology Banking team, led by senior vice president Mike Lederman, has seen rapid growth in their client portfolio. Additionally, the Bridge Capital Finance Group, whose San Francisco-based team is led by senior vice president Sarah Schmidt, offers asset-based lending solutions to clients in various stages of growth. Bridge Bank has nearly doubled the size of its San Francisco office to accommodate for additional employees and a more comfortable client experience.
"Based on the new client activity we've experienced in the short time our Corporate Banking group has been in San Francisco, we believe there is huge growth potential for Bridge Bank here," said Martin Kriegler, senior vice president and group manager in the Corporate Banking Division, who is leading the team that is already seeing positive response to the division's northward expansion.
About Bridge Capital Holdings
Bridge Capital Holdings is the holding company for Bridge Bank, National Association -- a full-service professional business bank dedicated to meeting the financial needs of small, middle market and emerging technology businesses. 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 or www.bridgebank.com.
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.
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