SAN JOSE, CA--(Marketwire - December 20, 2007) - Bridge Capital
Holdings (NASDAQ : BBNK ), whose sole
subsidiary is Bridge Bank, National
Association, one of the fastest-growing
full-service business banks in California and
the Nation, announced today that Robert
Kaplan was appointed to the Company's Board
of Directors. He was also appointed to the
subsidiary Bank's Board of Directors.
"Bob's deep and diverse background in
business consulting and strategic planning
will serve Bridge Bank well as we approach
the $1 billion asset level," said Allan C.
Kramer, MD, Chairman of Bridge Capital
Holdings and the Bank. "His experience with
the financial services industry and knowledge
of the regional technology-based economy adds
a new dimension to the capabilities of our
board."
Mr. Kaplan is the founder and CEO of Kaplan &
Company which specializes in strategy,
organization development, information
systems, and technology implementation.
Through Kaplan & Company, he has acted in
various capacities, including: Chief
Technology Officer of Alibris, Inc., CEO of
Netliant, Inc., Acting CIO, Chief Knowledge
Officer, and Head of Information Services for
Silicon Valley Bank, CEO of ITM Software,
Inc., and acting CEO of Motif, Inc.
"With its unique brand of business banking,
Bridge Bank has performed very well since its
launch six years ago, particularly in light
of recent economic headwinds," said Mr.
Kaplan. "I look forward to working with the
board and management to enhance Bridge Bank's
position as the professional business bank of
choice for companies in the Silicon Valley
region."
Prior to founding Kaplan & Company, Mr.
Kaplan was a Director with McKinsey & Company
where he was a leader of the Information
Technology practice and a member of the
Financial Services practice. Before
McKinsey, he was the Managing Partner of the
San Francisco office of the Boston Consulting
Group. Mr. Kaplan began his professional
career as a systems consultant with Peat,
Marwick, Mitchell & Company.
Mr. Kaplan's board experience includes
Greater Bay Bancorp, ITM Software, REX &
Company, Alibris, Imagicast, epriSolutions,
and the advisory boards of Motif,
LiveCapital, and Encirq. He is also a
current member of the Technology Advisory
Peer Group for the State of California Chief
Information Officer.
Mr. Kaplan graduated magna cum laude with a
BA in economics from Yale University and an
MBA from the Stanford Graduate School of
Business. He has also passed the California
C.P.A. exam.
Since opening in 2001, Bridge Bank has been
recognized as one of the fastest growing and
best performing banks in California and the
Nation. At September 30, 2007, the Company
reported total assets of $790 million and
year-to-date earnings of $8.2 million, an
increase of 30% over the prior year.
Bridge Bank specializes in providing superior
service and customized banking solutions to
small and middle-market, and emerging
technology businesses, in Silicon Valley,
California, and the Nation. The bank's
product offerings include 24/7 internet-based
business cash and treasury management,
on-line account statement and item imaging,
remote deposit capture, commercial lines of
credit, growth capital financing,
construction loans, Small Business
Administration 7(a) and 504 loans as an SBA
Preferred Lender Participant-accredited
direct lender, and factoring and asset-based
loans through its Bridge Capital Finance
Group.
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 is listed on
The NASDAQ Stock Market under the trading
symbol BBNK. Visit Bridge Capital Holdings
on the web at www.bridgecapitalholdings.com.
About Bridge Bank, N.A.
Bridge Bank, N.A. 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. Visit
Bridge Bank on the web at www.bridgebank.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 describe
future plans, strategies, and expectations,
and are based on currently available
information, expectations, assumptions,
projections, and management's judgment about
the Bank, the banking industry and general
economic conditions. These forward-looking
statements are subject to certain risks and
uncertainties that could cause the actual
results, performance or achievements to
differ materially from those expressed,
suggested or implied by the forward-looking
statements.
These risks and uncertainties include, but
are not limited to: (1) competitive pressures
in the banking industry; (2) changes in
interest rate environment; (3) general
economic conditions, nationally, regionally,
and in operating markets; (4) changes in the
regulatory environment; (5) changes in
business conditions and inflation; (6)
changes in securities markets; and (7) future
credit loss experience.
