SAN JOSE, CA--(Marketwire - Aug 26, 2011) - Bridge Capital Holdings (
"The opening of our Boston business office is a key milestone in our strategy to grow and maintain our position as a leading bank serving emerging technology companies," said Dan Myers, President and CEO of Bridge Bank. "We are excited to be a partner to the companies and investors who are committed to innovation, development, and marketing of advanced technology in the business sector."
Overlooking the Charles River and the MIT campus, the Cambridge Innovation Center is the Boston area's largest and most popular flexible incubator office space facility for small and growing technology companies. Its clients, many starting at CIC with just a few people, have raised over $1.1b in venture capital since 2001.
CIC was founded in 1999, beginning with a simple concept of how great, innovative businesses are built. Over the years, the CIC team has refined its knowledge of what growing companies need. CIC's services have evolved to a level of quality and cost-efficiency that enables CIC to attract many of the best-known and best-funded new companies choosing to locate in the MIT/Harvard technology cluster. Today, CIC is a full-fledged managed office services firm, with roughly 150K sq. ft of office space. More information on CIC may be accessed at: www.cictr.com.
"There is an incredible amount of activity and innovation in the Boston region," said Dick Sweeney, Northeast market manager for the bank's Technology Division. "Our new office is located at the epicenter of this exciting growth -- we're near the world's leading educational institutions like MIT and Harvard, and in the heart of the emerging technology growth in the Cambridge Innovation Center."
Since its inception in 2001, Bridge Bank has partnered with hundreds of growing technology companies to provide lines of credit and working capital, asset-based lending and other customized lending solutions to promote growth and market development. The bank has offices in Silicon Valley, San Francisco, Reston, Dallas and Boston.
About Bridge Capital Holdings
Bridge Capital Holdings, formed in 2004, is the holding company for Bridge Bank, National Association (N.A.). Shares of Bridge Capital Holdings are traded on the NASDAQ Global Market under the symbol BBNK. For more information, visit www.bridgecapitalholdings.com.
About Bridge Bank, National Association
Bridge Bank, N.A. was founded in 2001 as a full-service professional business bank headquartered in Silicon Valley to meet the unique and varied needs of small and middle market businesses from across many industries, and at all stages -- from inception to IPO and beyond -- with an emphasis on corporate banking and emerging technology companies. Bridge Bank's team of highly-qualified, experienced business bankers create customized solutions to assist entrepreneurs, business owners, and managers to reach their goals.
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.