SAN JOSE, CA--(Marketwire - January 20, 2011) - Bridge Capital Holdings (
"Sungevity is excited about placing our growing banking needs in the hands of Bridge Bank," said Charles Ferer, Chief Financial Officer of Sungevity. "Bridge has an experienced group of executives that understand the unique banking needs of the clean tech industry in general and solar in particular."
Sungevity, Inc. is a venture-backed company that has designed a low cost Solar Lease Program for homeowners in partnership with premier solar system providers. The program has been successfully implemented in hundreds of homes throughout the western United States and the company plans expansion to the east coast.
"Bridge Bank is proud to play a part in the success of Sungevity," said Dan Pistone, Senior Vice President of Bridge Bank's Technology Banking Group. "This financing allows us to continue our support in the advancement of renewable energy, which is a priority for our company."
Sungevity has been awarded the prestigious Diamond Certified award by the American Ratings Corporation (ARC) and rated "Highest in Quality". Sungevity is a Certified Bay Area Green Business and won the award in the Renewable Energy: Distributed Solar category from the San Francisco Business Times in 2009 for its leadership in solar installation and innovative remote solar design process.
About Sungevity
Sungevity has designed a unique online sales process to make it easy and affordable for homeowners to go solar. Sungevity's Solar Lease offer gives most customers savings from the start. For many the electricity bill savings start immediately and increase over time. Sungevity has an easy online "iQuote" process, which enables Sungevity to use satellite images and aerial photography to assess customers' roofs remotely and accurately determine the homes' solar potential. This allows the company to furnish thousands of customers with a firm proposal to use solar power with no capital cost within 24 hours. For additional information, visit www.sungevity.com.
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 more information, visit the Bridge Capital Holdings website 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 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.