CARLSBAD, CALIF. -- February 10, 2016 -- Colorescience today announced the successful completion of a $6.5 Million debt financing with the Life Sciences Group of Bridge Bank, a division of Western Alliance Bank. The financing is funded in two tranches with $4 million funded immediately and $2.5 million funded as early as September 1, 2016.
Los Angeles – February 9, 2016 - Bridge Bank announced today that it has provided Spark Networks, Inc. (NYSE:LOV) with a $10 million revolving credit facility. Spark Networks is a leader in creating communities that help individuals form life-long relationships. Spark’s core properties, JDate®.com (www.jdate.com) and ChristianMingle®.com (www.christianmingle.com), are communities geared towards singles of the Christian and Jewish faiths.
PHOENIX (Feb. 4, 2016) – Forbes’ assessment of the 100 largest U.S. banks weighed key metrics including asset quality, capital adequacy, growth and profitability, net interest margin, nonperforming assets as a percent of assets, reserves as a percent of nonperforming loans, two capital ratios (Tier 1 and risk-based) and revenue growth over the last 12 months. The banks on Forbes’ list ranged in asset size from $7 billion to $2.4 trillion, including $14-billion Western Alliance as #10.
San Diego, CA – January 28, 2016 – Bridge Bank’s Life Sciences Group (LSG) today announced the hiring of Lindsay Schwallie as vice president of portfolio management. Ms. Schwallie will oversee LSG’s west coast underwriting and portfolio management activity to assist in the growth of Bridge Bank’s efforts to provide customized financial solutions to life sciences companies, including biotech, medical devices and pharma verticals.