SOURCE: Bridge Capital Holdings

Bridge Capital Holdings

June 16, 2009 16:30 ET

Bridge Bank Provides $5 Million Financing to Chinook Sciences, LLC / Advanced Metal Processing, LLC

SAN JOSE, CA--(Marketwire - June 16, 2009) - 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, it has provided financing to Chinook Sciences and Advanced Metal Processing to support its plans for improving the impact on the environment.

"With our financing needs provided by Bridge Bank, we are able to proceed with our expansion plans to bring our recycling operations to other parts of the U.S.," says Dr. Rifat Chalabi, Chairman and President of Chinook Sciences. "It's exciting to have this opportunity to grow and it's a significant step towards our goal of recovering valuables and converting waste into renewable energy."

Chinook Sciences, LLC and Advanced Metal Processing, LLC partner to open a new metal recycling plant in New Jersey. The new credit facility provided by SBA and Business & Industry, made it possible for the venture to acquire the building and purchase and install a Generation 6 RODECS® de-coating and de-lacquering System.

"The Advanced Metal Processing/Chinook venture creates a new and improved approach to metal recycling; thereby, offering a valuable resource to the environment -- and that's exciting," said Ralph Barnett, Executive Vice President and Manager of the SBA and Real Estate Banking Division at Bridge Bank. "We are pleased to be able to offer them an overall solution that would assist in their vision for environmental clean-up."

Chinook Sciences provides turnkey solutions for metal processing using the patented RODECS® system. RODECS® is the world's only industrial-scale batch de-coating, de-lacquering, and drying system.

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, online account statement and item imaging, remote deposit capture, commercial lines of credit, growth capital financing, commercial real estate financing, international Export-Import financing and foreign exchange payment services, 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 Chinook Sciences

Chinook Sciences, LLC, was founded in 1998 and is the leading manufacturer and operator of advanced gasification technology. Its RODECS® gasification system, now in its eighth design generation, enjoys an unprecedented eight-year track record of industrial commercial operation, with an unblemished environmental record. The RODECS® is capable of processing a wide range of organic-based waste streams including E-waste, MSW, and various industrial wastes. The system has been installed in 17 locations throughout the world, where it gasifies organic material without using incineration and fully recovers metals in its patented ACTIVE PYRO® process.

About Advanced Metal Processing

AMP's core business is the supply of high quality non-ferrous metal scrap to the secondary Industry. AMP Plants process all type of non-ferrous metals (sheets, extrusions, turnings, cables, foils, Litho, heavy coating metals, etc.) and fully prepare the metal for the secondary recycling industry. AMP companies are Green companies all processes are performed with full compliance to all environmental regulations, both nationally (per the Environmental Protection Agency, "EPA") and locally (the state). AMP is the first U.S. facility to use the RODECS® system.

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.