SAN JOSE, CA--(Marketwire - Sep 12, 2012) - Bridge Capital Holdings (
"We're very proud to have been accepted into Sandler O'Neill's group of small-cap All Star institutions," said Daniel P. Myers, president and chief executive officer of Bridge Bank and Bridge Capital Holdings. "This achievement is a reflection of our ability to consistently deliver value to our clients, and of the disciplined approach that we employ to achieve a high level of performance across a variety of metrics. In any market condition, this acknowledgement is impressive. But in an environment where economic recovery remains tepid, this is an incredible achievement," added Mr. Myers.
Bridge Capital Holdings was identified by Sandler O'Neill and Partners, a full service investment banking firm and broker dealer focused on the financial services sector, from a group of 461 financial institutions nationwide as having achieved exceptional performance in the areas of growth, profitability, credit quality and capital strength over the past 12 months. In all, the Sandler O'Neill screening methodology eliminated 436 -- or 95% -- of small-cap institutions being evaluated for All Star recognition. Additionally, Bridge Capital Holdings was one of only two financial institutions based in California to have received this distinction. Eight financial variables were used to evaluate and screen the initial selection of institutions. The final 25 "Sm-All Stars" showed superior, above average performance over the past 12 months when compared to peer institutions.
"This distinction provides our employees, clients and shareholders with further validation that our model of delivering high quality banking services through a focused strategy is not only viable, but when managed carefully, is a source of sustainable value for all our constituents," said Tom Sa, executive vice president and chief risk officer and chief strategy officer of Bridge Bank, and chief financial officer of Bridge Capital Holdings. "We intend to remain committed to our strategic direction and management philosophy, yet will be opportunistic in our approach to continue to win share in all markets we serve," added Mr. Sa.
Since 2001, Bridge Bank has provided Silicon Valley's professional business community with financial solutions delivered by its team of highly experienced business bankers. The bank has since expanded nationally through its technology, capital finance, and international banking practices, most recently opening an office in Boston and adding a new banking practice -- Energy and Infrastructure Group -- to serve developers and firms throughout the country who are focused on sustainable energy projects, in addition to expanding its Corporate Banking Division into San Francisco. In 2012, the bank was recognized by Bauer Financial with a "five-star" superior rating, its highest award based upon an analysis of current financial data as supplied by federal banking regulators, and supplemented by historical operating data of the financial institutions that are examined.
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. For additional information, visit the Bridge Capital Holdings website at 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. For additional information, visit the Bridge Bank website 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 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.