SOURCE: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - Mar 20, 2012) - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full-service business bank headquartered in Silicon Valley, announced today it is expanding its technology banking and its capital finance practices into the Southeastern region of the U.S., and that it hired Jerry Younts as senior vice president, business development officer for the Southeast region. Mr. Younts will be based in Charlotte, North Carolina, and will serve in a dual role representing the bank's Technology Group and its Bridge Capital Finance Group.
"We see an opportunity to bring financial solutions to firms in the Southeast -- a region where we have already experienced success and yet still remains underserved," said Lee Shodiss, senior vice president and group manager of the Bridge Capital Finance Group. "Jerry's vast market knowledge and years of experience in asset-based lending will help the bank reach and serve more companies who need a better banking alternative." Paul Gibson, senior vice president and manager of Bridge Bank's Eastern region, noted that the bank's further expansion into the Southeast reflects both the quality and quantity of technology companies located there. "Jerry's focus on this important region for Bridge Bank represents another successful milestone in our continued growth plans. Technology and innovation continue to evolve rapidly beyond Silicon Valley, and bringing experienced finance leaders like Jerry Younts to address these growing markets will help entrepreneurs and investors access financial solutions previously unavailable for their emerging companies."
Mr. Younts was previously senior vice president with Accord Financial, Inc., and spent 14 years with Capital Business Credit where he specialized in asset-based lending. He received his BS in accounting from High Point University, and is a board member of the Turnaround Management Association and the Commercial Finance Association, and is a member of the Association for Corporate Growth.
Bridge Bank specializes in providing superior service and customized banking solutions to small and middle-market, and emerging technology businesses. 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, sustainable energy project financing, 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. For additional 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.
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.