SOURCE: Bridge Capital Holdings

Bridge Capital Holdings

May 17, 2011 11:00 ET

Bridge Bank Provides $3.0 Million Line of Credit to Workstream

SAN JOSE, CA--(Marketwire - May 17, 2011) - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full-service business bank headquartered in the Silicon Valley region of California, announced today that has provided a $3.0 million line of credit financing to Workstream to finance growth.

"Workstream continues to add clients and expand its service offering," states John Long, Chief Executive Officer of Workstream. "This line increases available capital to drive growth. The relationship with Bridge Bank also provides a valuable partner for our business strategy."

Workstream supplies Software as a Service (SaaS) solutions for Performance Management, Compensation Management, Recruitment and other critical human capital areas. The company's TalentCenter is used by employers in a wide range of industries. In addition, Workstream's Incentives Advisors division is the most advanced supplier of automated solutions for employers to obtain and administer hiring-related tax credits and incentives, as well as cash training grants, R&D credits, investment credits, and cost segregation studies.

"We are proud to assist Workstream as it continues to develop innovative performance, compensation, and talent management solutions for businesses," says Paul Gibson, Senior Vice President of Bridge Bank's Technology Banking East Coast Office. "Bridge Bank is committed to providing companies like Workstream with the critical working capital and other banking services necessary to fuel their growth needs."

Bridge Bank specializes in providing superior service and customized banking solutions to small and middle-market, and emerging technology businesses, in Silicon Valley, California, and the Nation. The bank's product offerings include 24/7 internet-based business cash and treasury management, on-line account statement and item imaging, remote deposit capture, commercial lines of credit, growth capital financing, construction loans, Small Business Administration 7(a) and 504 loans as an SBA Preferred Lender Participant-accredited direct lender, and factoring and asset-based loans through its Bridge Capital Finance Group.

About Workstream
Workstream provides a variety of Software as a Service solutions for recruitment, compensation planning, performance management, and talent management. Workstream's TalentCenter enables employers to align their talent and compensation strategy with their business strategy. To learn more, visit Workstream's Incentive Advisors division is the industry leader in helping businesses capture and manage all government incentives available to them. To learn how Incentives Advisors can help companies hire more profitably, visit

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, 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 and middle market companies, and emerging technology businesses, in Silicon Valley, Northern California, and the Nation. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. For additional information, visit the Bridge Bank website at

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.