SOURCE: Bridge Capital Holdings

Bridge Capital Holdings

August 09, 2012 09:00 ET

Bridge Bank Provides $6 Million Credit Facility to Intela

SAN JOSE, CA--(Marketwire - Aug 9, 2012) - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced today that its Technology Banking Division increased its existing $1 million Export-Import bank of the United States (EX-IM) working capital line to $4.5 million for Intela, LLC (Intela), in addition to a new $1 million domestic working capital line and a $1.5 million growth capital term loan for an aggregate total of $6 million.

"Bridge Bank has helped us drive our growth internationally," said Jim Mansfield, founder and chief executive officer of Intela, a global performance marketing company. "We strive to deliver the best consumer data acquisition services to our customers around the world, and Bridge Bank has provided an excellent credit solution, proving that their team fully comprehends our business and credit needs. I would like to thank Bridge Bank for their continued support of Intela."

"We're extremely pleased to be working with Intela," said Bill Nay, senior president and market manager in Bridge Bank's Technology Banking Division. "As consumers continue to increase their consumption of digital products and services, Intela will be able to streamline and enhance the online experience. Bridge Bank is confident in their business model and potential for growth."

Since its foundation in 2006 in Boulder, Colorado, Intela has grown significantly with a four-year growth rate of 691% since 2006 and 97% between 2007 and 2010. Continuing its ambitious expansion strategy, Intela will use the bank's credit facilities for domestic and overseas growth-oriented projects with business development in Western Europe, South America and Australasia, as well as for product development focusing on mobile marketing technologies.

Bridge Bank is dedicated to meeting the needs of technology companies across the U.S., with offices in the Silicon Valley, Dallas, Reston and Boston. The bank is a High Plus Authority Lender for the Export-Import Bank of the United States, and offers a full suite of international banking products including foreign exchange, letters of credit, export-import credit solutions and a newly-launched multi-currency payment management system. Recently, the bank expanded its presence to the Southeast and also launched a new banking practice -- the Energy and Infrastructure Group -- to serve developers and firms throughout the country who are focused on sustainable energy projects. 

About Intela
Intela is a global performance marketing and consumer data provider based in London, UK, with offices in Boulder, CO, and Harrisburg, PA, in the United States. Intela delivers quality leads to advertisers in numerous international markets using email marketing, its multi-national affiliate network and Intela-owned custom promotional and incentive properties. Specializing in generating awareness, driving new customers and maximizing clients' ROIs, Intela provides programs and distribution in the United States, Canada, Australia, France, Spain, Germany, Netherlands, Italy, Sweden, and Portugal. For more information, visit Intela at www.Intela.com.

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, 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. Bridge Bank's Technology Banking Division serves venture-backed and non venture-backed companies from inception to IPO. 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. For details, visit 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.