SAN JOSE, CA--(Marketwire - Apr 2, 2012) - Bridge Capital Holdings (
"We're honored to once again be acknowledged and recommended by both Bauer and IDC Financial as having achieved a superior level of financial performance," said Daniel P. Myers, president and chief executive officer of Bridge Bank. "This achievement is the direct result of our continued client-focused operating philosophy, and our relentless pursuit of excellence that is shared by the bank's employees, management and directors."
IDC Financial evaluates financial institutions using a unique, open platform methodology which uses 24 significant financial ratios that impact the overall quality of the institutions it evaluates. Its "superior rating" is reserved for those institutions exhibiting the highest level of quality in financial performance. Under Bauer Financial's proprietary rating system, a "five-star" rating denotes the absolute highest level of banking performance and is the firm's most prestigious award. The rating is based upon an analysis of current financial data as supplied by federal banking regulators, supplemented by historical operating data of the financial institutions that are examined.
"Given where the financial industry has been over the past five years, it has become increasingly important for consumers and business owners to carefully evaluate financial institutions for their long-term viability," said Karen Dorway, president and chief executive officer of Bauer Financial, Inc. "Bridge Bank has met Bauer's high standards of top financial performance, thereby earning our endorsement as a superior financial institution where customers can bank with a high level of confidence."
Since 2001, Bridge Bank has provided Silicon Valley's professional business community with financial solutions delivered by its team of highly experienced business bankers. The bank has since expanded nationally through its technology banking practice, most recently opening an office in Boston and expanding its technology and capital finance group practices to Charlotte, North Carolina. Bridge Bank also recently launched a new banking practice -- Energy and Infrastructure Group -- to serve developers and firms throughout the country who are focused on sustainable energy projects.
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, National Association
Bridge Bank, N.A. was founded in 2001 as a full-service professional business bank headquartered in Silicon Valley to meet the unique and varied needs of small and middle market businesses from across many industries, and at all stages -- from inception to IPO and beyond -- with an emphasis on corporate banking and emerging technology companies. Bridge Bank's team of highly-qualified, experienced business bankers create customized solutions to assist entrepreneurs, business owners and managers to reach their goals. For additional information, visit the Bridge Bank website web 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.