SAN JOSE, CA--(Marketwire - April 22, 2008) - Bridge Capital Holdings (NASDAQ : BBNK ), whose
subsidiary is Bridge Bank, National Association, one of the best performing
full-service business banks in California and the Nation, announced today
that Thomas M. Quigg has been named Vice Chairman of its Board of
Directors. Mr. Quigg has been a director of the Company and Bank since
August 2001.
"Tom has been an especially active and valued member of the Board. His
many years of experience as a banker, entrepreneur, and member of a number
of private and public boards have served the bank well as Bridge Bank has
grown rapidly since our launch in 2001," said Allan C. Kramer, M.D.,
Chairman of Bridge Capital Holdings and Bridge Bank, N.A. "As Vice
Chairman, Tom will become more active in leading the work of our various
board committees to enhance our commitment to corporate governance and
board best practices. He has been and will continue to be an outstanding
resource for both me and Bridge Bank as we grow in the future."
Mr. Quigg spent most of his career at Bank of America N.T. & S.A. and its
various subsidiaries spanning a nearly four-decade career. Most recently,
Mr. Quigg was Chairman, CEO and President of Bank of America's Federal
Savings Bank subsidiary, and in that capacity managed all day-to-day
operations. Under his leadership during a six-year period through 1999, the
bank grew to over $4 billion in size through rapid acquisitions of another
savings and loan company, a national manufactured housing business, and
three regional mortgage banking companies.
Previously, Mr. Quigg served as Managing Director of the Bank of America's
High Technology Practice, where he was responsible for worldwide management
of that function, including marketing to the Silicon Valley venture capital
community. Mr. Quigg's unit served a full spectrum of companies ranging
from newly emerging ventures to Fortune 100 companies. Mr. Quigg's
top-level executive positions with Bank of America included Division
Executive Officer of International investment and Private Banking from 1987
to 1989, Chief Administrative Officer of the World Banking Group from 1982
to 1987, and Regional Senior Vice President of North America Division in
Houston, Texas. At the start of his career, he was a lending and
administrative officer at various retail branches operated by Bank of
America throughout the State of California.
Mr. Quigg earned MBA and BS degrees from the University of San Francisco.
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
holds a Global Select listing 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; (7) future credit loss experience; (8) the ability to satisfy
requirements related to the Sarbanes-Oxley Act and other regulation on
internal control; (9) civil disturbances or terrorist threats or acts, or
apprehension about the possible future occurrences of acts of this type;
and (10) the involvement of the United States in war or other hostilities.
The reader should refer to the more complete discussion of such risks in
Bridge Capital Holdings reports on Forms 10-K and 10-Q on file with the
SEC.
