Bridge Bank Provides $7.5 Million Financing to Anacomp
| Source: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - June 9, 2009) - Bridge Capital Holdings (NASDAQ : BBNK ), whose
subsidiary is Bridge Bank, National Association, a full-service business
bank headquartered in the Silicon Valley region of California, announced
today, it has provided financing to Anacomp® Inc., to support its
eDiscovery initiatives.
"This credit agreement provides increased financial flexibility and
liquidity," said Jeff Cartwright, Anacomp's Chief Financial Officer. "Our
ability to access incremental capital in this difficult credit and economic
climate underscores the success of our company's ongoing transformation,
most notably in the eDiscovery market, where our penetration into the
AMLaw250 and corporate client base, as well as the reseller community
serving these customers, demonstrates our momentum in becoming a market
leader in this fast growth industry."
Anacomp® Inc. is a leading business process solutions company, which has
obtained a $7.5 million credit facility to accelerate its various strategic
initiatives, which include expanding its presence in the eDiscovery market
as a leading provider of litigation support consulting, services and
solutions.
"We appreciate the opportunity to support Anacomp's business plan," said
Anthony Crisci, Vice President, Capital Finance Group at Bridge Bank, N.A.
"We are very impressed with the company's growth initiatives and the market
opportunities it faces in expanding its footprint with law firms and
corporate general counsel departments by offering proven eDiscovery
services and solutions."
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, online 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 Anacomp
With 40 years of experience and a passionate commitment to client services,
Anacomp partners with its customers to help them realize the full potential
of their business processes at the lowest total cost of ownership.
Possessing one of the world's largest online document repositories as well
as a large, independent field services organization, Anacomp's offerings
serve hundreds of original equipment manufacturing (OEM) partners and
thousands of end users in legal, insurance, financial services, government
and other markets. For more information, visit www.anacomp.com or call
(800) 364-9870.
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 http://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.