San Jose, CA - Feb 6, 2013 - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full-service business bank headquartered in Silicon Valley, announced today it has promoted Steven Chaker, senior vice president to regional Small Business Administration (SBA) sales manager for Southern California.
“Steve’s extensive expertise and experience in SBA lending and his leadership in managing and training business development officers in his area have been instrumental in the success of Bridge Bank’s SBA growth in Southern California,” said Ralph Barnett, executive vice president and Real Estate Division manager. “Steve’s creative thinking and dedication to developing valuable solutions for his clients have positively impacted our employees and the entire Bridge Bank community.”
Bridge Bank is dedicated to crafting flexible and creative lending solutions for business owners and managers and recently added two business development officers in Southern California to help small businesses in Los Angeles and Orange counties achieve their goals.
“Our clients rely on us to provide customized solutions for their financing needs,” said Raymond Monahan, senior vice president and SBA lending group manager. “Steve and his team are such strong assets for both Bridge Bank and our clients in Southern California and they continue to increase the bank’s visibility and deliver the best lending solutions in that market.”
“I’m proud to support the bank in this new capacity,” said Mr. Chaker. “As Bridge Bank continues to pursue its strategic vision as being the lender of choice in the markets we serve, SBA lending will continue to play a significant role in meeting the needs of the small and mid-size business community.”
Mr. Chaker originally joined Bridge Bank in 2006 and returned in 2011 as senior vice president, business development officer in Orange County. Prior to Bridge Bank, he held senior-level positions with Pacific Alliance Bank and International Bank of California, both in Los Angeles. Steve acquired his MBA in accounting from Fairleigh Dickinson University in New Jersey. He resides in Fountain Valley with his wife and family.
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 throughout the United States. 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, 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 Division.
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. Recently, Bridge Capital Holdings was 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 www.bridgecapitalholdings.com.
About Bridge Bank, National Association
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. For additional information, visit www.bridgebank.com.
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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.