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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 Provides $12.0 Million Credit Facility to The Brix Group, Inc. and Subsidiaries Pana-Pacific and American Wireless
"We are excited to be working with Bridge Bank," said David Shapiro, CEO and President of The Brix Group. "Our company has a long history in asset financing, and we were very impressed with the team at Bridge. In times where financing is very difficult to attain, we found that Bridge Bank demonstrated an understanding of our company and its core businesses. Throughout the entire process we felt they were committed to working with Brix as our partner in financing and the overall experience was very refreshing." The Brix Group, Inc. is a holding company based in Campbell, CA in the heart of Northern California's Silicon Valley. The company was founded in 1971 by Harry and Mariann Brix to distribute car audio products in the San Francisco Bay area. Since then the company has expanded into a national distributor and value added integrator in the wireless communications and trucking industries. The company recently divided the business into two operating divisions; American Wireless and Pana Pacific Corporation. "The Brix Group is a leading company in the electronic and wireless communications industry with a long history of success," said Larry LaCroix, Senior Vice President, Capital Finance Group at Bridge Bank." We valued the process of understanding the company's business model and structuring the appropriate credit facility to support The Brix Group's current operations and future growth. We look forward to a long and mutually beneficial relationship with the Company." About American Wireless About Pana Pacific Corporation About Bridge Capital Holdings
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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