SOURCE: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - Jan 24, 2012) - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full service professional business bank headquartered in Silicon Valley, announced today that it has provided FiberLink, LLC with a $6 million term loan.
"It was a real pleasure working with Bridge Bank on this transaction, as they took the time to fully understand our business and were flexible in adapting to our unique needs," said Christopher J. Jensen, director of corporate development for FiberLink, LLC.
"FiberLink, LLC owns several fiber optic transmission lines running through a number of major metropolitan areas," said Dan Pistone, senior vice president of Bridge Bank's Technology Banking group. "And as the need for data transmission increases with the growth of digital media and communications, FiberLink will be very well-positioned to capitalize on the increased demand for long-haul data transmission bandwidth. Bridge Bank is pleased to count FiberLink as one of our newest clients as we continue to grow our technology banking practice."
FiberLink, LLC was formed in 2004 and owns a network of data transmission assets comprised of over 2,000 fiber optic route miles covering eight states. Its networks run through eight states between Chicago and Denver and Chicago and New Orleans. FiberLink, LLC is owned by three independent telephone exchange companies and Anderson Pacific Corporation, a Chicago-based private investment firm specializing in forming and acquiring companies in the media and telecommunications industry. Its holdings include the increasingly popular BlockShopper.com, a data service for current and aspiring homeowners, home buyers and home sellers.
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. For additional information, visit the Bridge Bank website web at www.bridgebank.com.
About Bridge Bank's Technology Banking Group
With a growing nationwide web of offices and a correspondent banking network that stretches worldwide, Bridge Bank's Technology Banking Group serves venture-backed and non venture-backed companies from inception to IPO, and companies focused on renewable energy projects. 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.
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.