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These risks and uncertainties include, but are not limited to: (1) competitive pressures in the banking industry; (2) changes in interest rate environment; (3) general economic conditions, nationally, regionally, and in operating markets; (4) changes in the regulatory environment; (5) changes in business conditions and inflation; (6) changes in securities markets; (7) future credit loss experience; (8) the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control; (9) civil disturbances or terrorist threats or acts, or apprehension about the possible future occurrences of acts of this type; and (10) the involvement of the United States in war or other hostilities |
Bridge Bank Congratulates Serious Materials on Latest Accomplishments Company Raises $60 Million of Capital Named Environmental Innovation Award Winner
Serious Materials recently closed a $60 million equity round of Series C financing. The successful round was led by Mesirow Financial, a diversified financial services firm in Chicago. Additional new investors included Enertech Capital, Cheyenne Partners, and Saints Capital. Previous investors including New Enterprise Associates (NEA), Foundation Capital, Rustic Canyon Partners, Navitas Capital, and Staenberg also participated in this funding round, bringing Serious Materials' total raised capital to more than $120 million. The funds will be used to accelerate the rapid growth of the company and complete development of next generation, energy-saving building products. "Bridge Bank has helped Serious Materials grow every step along the way," said Kevin Surace, CEO of Serious Materials. "They have been there for us since the beginning, providing advice well beyond traditional banking, adding strategy and helping us to make important connections. I can't imagine any growing company choosing a better bank than Bridge Bank." The company was selected to receive the 2009 Wall Street Journal Environmental Innovation Award. From among nearly 500 applications, Serious Materials' EcoRock product was named among the Wall Street Journal's top innovations of this year. This award adds to Serious Materials' growing list of achievements, including Popular Science's Best of What's New and selection for the first Aspen Institute award for innovation in Energy Conservation. Serious Materials has also been recognized by TIME/CNN, Fortune, BusinessWeek, GreenTech Media, and Red Herring as one of the most promising green technology companies. "We extend warm congratulations to Serious Materials for recognition of the latest in a long line of company achievements," said Daniel P. Myers, President and Chief Executive Officer of Bridge Bank and Bridge Capital Holdings. "Bridge Bank has a long standing commitment to support innovation among green industry businesses and we are pleased to support Serious Materials through their development. We look forward to supporting their growth and success in the years to come." About Serious Materials About Bridge Capital Holdings About Bridge Bank Technology Banking Division
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, such as, for example, the Company's plans to divest itself of non-performing assets, to sell convertible preferred shares and expectations regarding capital ratios. 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 reach definitive agreements regarding and to subsequently complete the sales of nonperforming assets and convertible preferred shares, 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.
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