SAN JOSE, CA--(Marketwired - Mar 27, 2014) - Bridge Capital Holdings (
Joel will lead Technology Banking in San Francisco and the Pacific Northwest regions of the U.S., where he will be responsible for managing a team of bankers focused on providing growth capital and other banking solutions to venture backed start-ups and emerging growth technology companies.
"I'm thrilled to join the Bridge Bank team at a time of such robust growth and expansion across both the broader bank and the Technology Banking Division," said Joel Gragg, senior vice president and team leader in Bridge Bank's Technology Banking Division. "The bank has deep roots in the entrepreneurial and venture capital ecosystems, having successfully established itself as one of the leading technology banking partners in the market today. I look forward to helping contribute to this continued growth as we seek to partner with leading technology companies across all stages of their lifecycle."
"Joel not only brings tremendous industry knowledge to Bridge Bank but also the creative mindset that we look for in our 'different breed of banker,'" said Mike Lederman, senior vice president and technology banking manager in Bridge Bank's Technology Banking Division. "Our San Francisco based Technology Banking team will benefit from his experience and leadership, and we look forward to seeing the team continue to grow and thrive with him."
Throughout his more than 12 years in banking and private equity, Joel has held positions in lending, direct investment, portfolio management and fund management among other roles within the middle market and technology sector. Most recently he worked for Wells Fargo & Company as a senior relationship manager in the technology and venture banking division, and as a principal for Huntington Capital, a middle market private equity firm. Joel graduated from the University of California at Davis with a B.S. in Managerial Economics and earned his MBA at San Diego State University.
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 competitive climate of Silicon Valley in 2001. From the very beginning, our goal has been to offer small-market and middle-market businesses from across many industries a better way to bank. Our technology banking division provides a broad range of financial solutions to venture-backed and non-venture-backed companies, enabling us to meet our clients' varied needs across all stages of business life. It's how we go about doing so that differentiates us from our competition. 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. 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.
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.