Bridge Bank Provides NBS $8.2 Million in Flexible Funding
| Source: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - December 2, 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 an
$8.2 million credit facility to NBS to support a continuous successful
growth strategy.
"Our liquidity and in turn our ability to respond quickly to fresh
opportunities have both been improved by this agreement," explains NBS
Chief Financial Officer, Chris Mak. "The timing is also significant
because it demonstrates clearly that the very different business model NBS
brings to the EMS marketplace has a special strength and resiliency
recognized by the financial markets as well as by our customers."
Founded in 1999 as a PCB layout specialist, NBS has achieved continuous
growth since its inception. They have created a unique business model that
delivers leading-edge services in design engineering, end to end
manufacturing, test and verification to a large and diverse customer-base
serving all industry segments and geographies. At the same time, they
deploy a highly integrated network of engineering and manufacturing
processes that enable NPI and volume manufacturing to successfully co-exist
side by side.
"We appreciate the opportunity to support NBS," said Anthony Crisci, Vice
President, Capital Finance Group at Bridge Bank, N.A. "We have been
impressed with the company's growth initiatives, its financial performance
and the unique market position it has nurtured while becoming a significant
force within the EMS industry, particularly throughout the current economic
climate."
NBS' 2009 acquisition of CompServ enabled the company to expand the scope
of its services to include advanced supply chain logistics, custom products
sourcing and a wide array of test services. Test capabilities at the firm
now include advanced AOI, automatic 2D and 3D X-ray, ICT, FCT, BIT and
flying probe technologies. They also offer test program development,
boundary scan development and test, fixture design and manufacturing and a
range of diagnostic and rework test services.
About NBS
(http://www.nbscorp.com) is a fully integrated EMS provider headquartered
in Northern California. NBS provides end-to-end solutions that include
leading-edge services in design engineering, manufacturing engineering,
NPI, production, supply chain and logistics, test, box build and systems
integration. The company services technology businesses throughout the
world and has facilities in Santa Clara, Calif., Santa Barbara, Calif.,
Nashua, N.H., and Jakarta, Indonesia.
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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