Bridge Bank Funds $5.5 Million Credit Facility With E2 Consulting Engineers, Inc.
| Source: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - August 25, 2009) - Bridge Capital Holdings (NASDAQ : BBNK ), whose
subsidiary is Bridge Bank, National Association, a full-service
professional business bank headquartered in Silicon Valley, announced today
that it has funded an accounts receivable line of credit with E2 Consulting
Engineers, Inc., to support the internal growth the company.
"Bridge Bank has provided us with the support and resources to seek out new
opportunities; and in today's demanding environment, we certainly
appreciate that," said Hersh Saluja, Chief Executive Officer at E2
Consulting. "With a wide range of services and a clear understanding of
our business, Bridge Bank has been an important part of our growth."
E2 Consulting plans to nearly double their staffing by early next year in
order to keep up with new and growing projects. While they specialize in
providing a full spectrum of services, their effective use of technology,
creative thinking, and customer satisfaction has afforded them a growing
opportunity not only in California, but throughout the nation.
"E2 has a strong track record of delivering superior results for their
clients," said Michael Hengl, Senior Vice President, Commercial &
Industrial Lending at Bridge Bank, N.A. "We are pleased with our
relationship and it will be exciting to watch them grow."
Bridge Bank specializes in providing superior service and customized
banking solutions to small and middle-market, and emerging technology
business 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, commercial
real estate financing, international Export-Import financing and foreign
exchange payment services, 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 E2 Consulting Engineers, Inc.
E2 Consulting Engineers, Inc. offers government and private-sector clients
a full spectrum of professional services, including facility operations,
engineering and design, environmental engineering, and project and
construction management. They currently have a large staff of engineers,
scientists and technical specialists with project offices throughout the
United States. Visit E2 Consulting Engineers on the web at www.e2.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 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 and
middle market companies, and emerging technology businesses, in Silicon
Valley, Northern California, and the Nation. Bridge Bank provides its
clients with a comprehensive package of business banking solutions
delivered through experienced, professional bankers. For additional
information, visit the Bridge Bank website 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.