SOURCE: Bridge Capital Holdings
SAN JOSE, CA--(Marketwired - Aug 15, 2013) - 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 ranked 10th out of 200 lenders in California for Small Business Association "SBA" lending through the SBA's third quarter.
"To be in the top 5 percent of SBA lenders in California is evidence of the hard work and dedication of our bankers," said Ralph Barnett, executive vice president in Bridge Bank's Real Estate Division. "Rather than focusing on one SBA loan structure, our approach is to fit the product to the client instead of fitting the client to the product. This is reflected in our almost balanced numbers between 7(a) loans and 504 loans," he added.
"This achievement is consistent with our disciplined focus on the business community and reflects our differentiated approach to business banking," said Daniel P. Myers, president and chief executive officer at Bridge Bank. "Since our founding in 2001 we have made the needs of our clients our top priority, and as a result, we continue to provide flexible and customized solutions designed to help them succeed in today's ever-changing business environment," he added.
In addition to being in top 5 percent of all lenders in California, Bridge Bank was the second most active lender in the San Francisco District office out of 100 lenders. This activity was released by the SBA in their lending report and reflects activity through the third quarter ending June 30, 2013.
About Bridge Bank, National Association
Recognized by SNL Financial on their 2012's Top 100 Performing Banks with assets between $500 million and $5 billion, and designated "Superior" by BauerFinancial and IDC, Bridge Bank is a full-service professional business bank founded in the highly competitive climate of Silicon Valley in 2001. Since our inception, Bridge Bank has been committed to offering the financial services that matter most to business managers and entrepreneurs in small and mid markets. Beginning in 2002, we have been providing Small Business Administration ("SBA") financing solutions, both as part of the 7(a) and 504 loan programs offered by the U.S. government, to help with the acquisition of commercial real estate for business owners and investors. Today, we are recognized as among the top tier of Preferred SBA Lenders in California. 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 2012 "Sm-All Stars" -- a select group of 25 top-performing publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2 billion. For additional information, visit the Bridge Capital Holdings website at www.bridgecapitalholdings.com.
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.