SOURCE: Bridge Capital Holdings

Bridge Capital Holdings

August 08, 2012 09:00 ET

Bridge Bank Announces New Capital Finance Division

Veteran Banking Team Lee Shodiss and Larry LaCroix to Head New Division

SAN JOSE, CA--(Marketwire - Aug 8, 2012) - 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 creation of its Capital Finance Division, previously known as the Bridge Capital Finance Group (BCFG), to serve the bank's expanding national client base.

"We're very pleased with the growth and performance of our asset-based lending portfolio," said Daniel P. Myers, president and chief executive officer of Bridge Bank. "The formation of our new Capital Finance Division is the natural next step as the bank continues to satisfy more market demand for these specialized credit products." The bank's capital finance group was formed in 2002, and until recently was structured under the bank's Technology Banking Division. It has grown to over $200 million in loans outstanding, and currently serves a wide variety of clients across multiple business sectors.

Leading the new division will be Lee Shodiss, who was promoted to executive vice president and manager of the new Capital Finance Division. "Over the past decade, Lee and his team have done a superior job of understanding and fulfilling the needs of our clients," said Peggy Bradshaw, executive vice president and chief banking officer of Bridge Bank, "and we're excited to see his role at the bank evolve as we look to further expand our capital finance services." Mr. Shodiss joined Bridge Bank in 2002 as senior portfolio manager in the Bridge Capital Finance Group, and was subsequently promoted to group manager in 2005. Prior to joining Bridge Bank, Mr. Shodiss was senior vice president in Silicon Valley Bank's Specialty Finance Division. "We have an incredible market opportunity, valued in excess of $100 billion," said Shodiss. "We're now well positioned to meet the changing needs of mid-market companies, and I'm very excited to lead the Capital Finance Division in this effort," said Shodiss.

Also being promoted is Larry LaCroix, now senior vice president and group manager in the bank's Capital Finance Division. Mr. LaCroix joined Bridge Bank in 2008 as a team leader. Previously, he was with Sun Trust Bank as a division manager for the factoring product. "I'm thrilled to have the opportunity to continue contributing to Bridge Bank's expansion strategy," said Mr. LaCroix. "The bank has proven its ability to increase its capital finance portfolio in a consistent and disciplined way, and I look forward to identifying other areas for growth including new product development and continued geographic expansion.

Bridge Bank's Capital Finance Division provides small and mid-market companies with customized financial services for each stage of the growth cycle, from inception through IPO. Its products include asset-based lending, vendor assurance, factoring and purchase order financing. Most recently, the bank expanded its capital finance presence to the Southeast region, adding to its existing presence in Boston, Reston, Dallas and the Bay Area.

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

About Bridge Bank, National Association
Bridge Bank, National Association 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. For details, visit

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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.