San Jose, CA – April 26, 2013 – Bridge Capital Holdings (NASDAQ:BBNK), whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, today announced that it was named a Super Premier bank in the April issue of The Findley Reports. Bridge Bank received this designation for the sixth time based on its 2012 operating results.
"I am very proud that Bridge Bank has been recognized as a Super Premier Performing Bank for the sixth time by The Findley Reports, a well respected industry trade company," said Daniel P. Myers, president and chief executive officer of Bridge Bank and Bridge Capital Holdings. "Our talented banking team, combined with our disciplined approach to executing our strategy, along with our truly unique brand experience, is the driver behind our continued success in the markets we serve and the reason for our repeated achievement of this designation."
The Findley Reports focuses on four financial components: growth, return on beginning equity, net operating income as a percentage of average assets and loan losses as a percentage of gross loans. The Super Premier Performing Bank designation requires a bank to meet all four criteria at a high level of performance.
“The Findleys have been long time admirers of Bridge Bank and what they have accomplished since their start in 2001,” stated Gary Steven Findley, editor of The Findley Reports. “They are a true business bank that has connected well with the business customer as well as has delivered solid results for their shareholders.”
About The Findley Reports
The Findley Reports is the reporting service of The Findley Companies. Since 1965, The Findley Companies have earned recognition as being knowledgeable, innovative and effective in implementing solutions to complex situations. Through organizational components, they are committed to offer directors, managements and shareholders profound support in their decision making processes and anticipate the needs of banks in the Western United States and help them aggressively pursue their goals. With extensive history of working with regulatory agencies at all levels, the integrity of principals and decades of experience, The Findley Companies remain the resource of choice for financial institutions intent on pursuing “Premier Performance.”
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. Bridge Bank Holding Company was recently admitted to Sandler O’Neill’s Class of 2012 “Sm-All Stars” – a select group of 25 top-performing publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2 billion. For additional information, visit the Bridge Capital Holdings website at http://www.bridgecapitalholdings.com.
About Bridge Bank, National Association
Bridge Bank is a full-service professional business bank founded in the highly competitive climate of Silicon Valley in 2001. From the very beginning, our goal has been to offer small-market and middle-market businesses from across many industries a better way to bank. We provide a surprisingly broad range of financial solutions, enabling us to meet our clients’ varied needs across all stages — from inception to IPO and beyond. It’s how we go about doing so that differentiates us from our competition.
Daniel P. Myers
Chief Executive Officer
Thomas A. Sa
Executive Vice President
Chief Strategy Officer, Chief Financial Officer
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 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.