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Bridge Bank CEO to Speak At Bank Investment Conference
Event Focuses on Growth Opportunities
Santa Clara, California - May 6, 2004 -- Bridge Bank, N.A. (NASDAQ: BBNK), Santa Clara County's newest full-service business bank, announced that it's President and Chief Executive Officer, Daniel P. Myers, will speak at the annual Financial Services Investor Conference today in Seattle. This annual event is sponsored by D. A. Davidson & Company, an investment banking and advisory firm specializing in the commercial banking industry and headquartered in Lake Oswego, Oregon.
Mr. Myers will participate on a luncheon panel of successful community bank CEO's that have recently started new banks. Other bank CEO's scheduled to participate on the panel include Hal Giomi, CEO of The Bank Holdings, a bank holding company headquartered in Reno, Nevada, and Curt Hecker, CEO of Intermountain Community Bancorp, a bank holding company headquartered in Sandpoint, Idaho.
The focus of this year's Investor conference will be on growth opportunities in the current economic recovery. Other banks scheduled to present at the investor conference include: Washington Mutual, Umpqua Holdings, Wells Fargo & Co., Zion Bancorporation, and Key Corporation.
Since Bridge Bank opened in May 2001, it has grown to $348 million of total assets at quarter-end
March 31, 2004, one of the fastest growth rates among California-based de-novo banks. For the bank's first quarter ended March 31, 2004, Bridge Bank reported net income of $466,000, or $0.07 per diluted share, an increase of 261% over the same period one year ago.
Bridge Bank specializes in providing superior service and customized banking solutions to small and middle-market businesses. The bank's product offerings include 24/7 internet-based business cash management, on-line account statement and item imaging, commercial lines of credit, 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 Group.
Bridge Bank recently opened a full service regional banking office in downtown San Jose and two regional Small Business Administration loan production offices in San Diego and Fresno to serve the Southern California and Central Valley small business markets. It also recently received the prestigious 5-Star rating from BauerFinacial Incorporated, that independent rating firm's highest quality rating for financial institutions.
About Bridge Bank, N.A.
Bridge Bank is Santa Clara County's newest full-service business bank. The Bank is dedicated to meeting the financial needs of small and middle-market businesses in the Silicon Valley, Palo Alto, Sacramento, San Diego, and Fresno business communities. Bridge Bank provides clients with a comprehensive package of business banking solutions delivered through experienced and professional bankers. Visit Bridge Bank on the Web at www.bridgebank.com.
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 describe future plans, strategies, and expectations, and are based on currently available information, expectations, assumptions, projections, and management's judgment about the Bank, the banking industry and general economic conditions. These forward looking statements are subject to certain risks and uncertainties that could cause the actual results, performance or achievements to differ materially from those expressed, suggested or implied by the forward looking statements. 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; and (7) future credit loss experience.
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