SOURCE: Bridge Capital Holdings

Bridge Capital Holdings

January 28, 2015 09:00 ET

Bridge Bank Provides Perpetual Energy Systems $28 Million to Refinance 12.25 Mega Watts of Solar Energy in Northern and Southern California

SAN JOSE, CA--(Marketwired - Jan 28, 2015) - 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 Perpetual Energy Systems, an independent power producer of renewable energy, with $28 million to refinance multiple solar power plants in California.

These solar projects provide power across the state to school districts and universities, including California Institute of Technology and Santa Clara University. Other beneficiaries include Siemens Transportation Systems, various municipalities, and one of the largest collections of winery installations in Napa Valley under the Treasury Wine Estates name, including Beringer, Stag's Leap, and Asti.

"Bridge Bank is proud of its ongoing partnership with Perpetual Energy," said Andre Zaffuto, vice president in Bridge Bank's Energy and Infrastructure Group. "They brought us an enviable collection of well-built assets across California backed by solid power purchase agreement off-takers and we are excited to support the expansion of renewable energy in California," he added.

"Perpetual takes on the economic risk of every solar project we build in order to provide our clients immediate cost savings when they switch over to clean and renewable energy," said Charles Allen, of Perpetual Energy Systems. "In order to do that we need a financing partner who is agile and who knows the clean energy space -- and that partner is Bridge Bank."

"We are dedicated to assisting small and large developers and have the agility to close transactions to fit our clients' exacting schedules," said Scott Reising, senior vice president and business line manager in Bridge Bank's Energy and Infrastructure Group. "Our group has committed over $250 million to renewable infrastructure loans over the last three years, demonstrating a significant and growing commitment to the industry."

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 innovative climate of Silicon Valley in 2001. 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.