SOURCE: Bridge Capital Holdings

Bridge Capital Holdings

December 16, 2014 09:00 ET

Bridge Bank Leads Partnership to Provide $45 Million Credit Facility to The Trade Desk

SAN JOSE, CA--(Marketwired - Dec 16, 2014) - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced today that it has provided The Trade Desk $45 million in funding in partnership with Opus Bank. The Trade Desk has increased their existing accounts receivable line of credit to support working capital and fuel their significant growth.

The Trade Desk is an online ad exchange company that helps media buyers spend their advertising budgets more effectively though comprehensive data analysis.

"Because of the phenomenal growth that The Trade Desk is experiencing, it became evident that we had to provide them with a creative way to finance that growth," said Ed Lambert senior vice president in Bridge Bank's Technology Banking division. "We reached out to our partners at Opus Bank and are thrilled to have achieved a solution that will not only provide support for The Trade Desk today, but also for tomorrow as they continue to grow."

"Since we founded The Trade Desk in 2009, we've been committed to growing with the right partners. Bridge Bank has been a true partner in our growth," said Jeff Green, CEO and founder of The Trade Desk. "With this latest round of debt financing, we are able to feed the significant amount of media we buy monthly, while positioning ourselves well for continued expansion into 2015."

"We are excited to launch this relationship with The Trade Desk and Bridge Bank," said Kevin McBride, senior managing director and head of the Technology Banking division at Opus Bank. "The Trade Desk has experienced remarkable growth and we look forward to supporting their continued success as they expand and grow."

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. Our technology banking division provides a broad range of financial solutions to venture-backed and non-venture-backed companies, enabling us to meet our clients' varied needs across all stages of business life. 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. 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 2014 "Sm-All Stars" - a select group of 35 top-performing publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2.5 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.