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Daniel Pistone Named Technology Lending Team Leader
"Dan is the newest member of our gold medal banking team in technology banking. He brings years of hands-on experience in working with emerging growth companies," said Daniel P. Myers, President and Chief Executive Officer of Bridge Capital Holdings and Bridge Bank. "Dan is well known in the technology community and understands Silicon Valley's business landscape inside out." Mr. Pistone's responsibilities will include management of the Bank's technology lending portfolio. He will supervise the origination, underwriting, and management of the Bank's offering of short-term working capital, term, and growth capital loans. "It's great to get in on the ground floor of Bridge Bank's technology banking effort," said Mr. Pistone. "It is not often that an opportunity like this comes along to create something from the beginning. Bridge Bank's unique brand of business banking is a great platform to build the technology banking practice." Bridge Bank's Technology Banking division offers a full range of banking products and cash management services to emerging, revenue, and later stage technology and life science companies in Silicon Valley and California. The Bank offers short and long term credit solutions, growth capital, and international credit products as a Delegated Authority Lender with the Export Import Bank of the United States. To assist clients with cash management, Bridge Bank offers state-of-the-art Internet business banking, unique investment options through its Bridge Investment Services Group, and funds transfer and foreign exchange services through its International Banking Group. Mr. Pistone has a decade of experience in corporate finance, including eight years providing innovative financial solutions and products to high technology and middle-market companies. He was most recently the founder and director at Inspiration Capital Ventures in the East Bay community of Dublin. The investment banking and private equity consultancy provided a wide range of financial and strategic services to its clients, including seed investments for new startups. From 1995 to 2002, Mr. Pistone was co-founder and Vice President for Business Development for the Venture Banking Group, the technology lending division of Greater Bay Bancorp. Under his direction, the group grew to more than $600 million in assets. Mr. Pistone has a BS in Finance with a minor in Economics from St. Mary's College in Moraga. He is a resident of Dublin. Bridge Bank, headquartered in Silicon Valley, now has eight offices throughout California. In addition to its newly established Technology Banking Group, the Bank operates two full service commercial banking offices in San Jose and Palo Alto, a commercial loan production office in the East Bay, the Bridge Capital Finance-offering structured, asset-based, and factored loans - loan production office in Santa Clara, and four Small Business Administration loan sales offices located in Sacramento, Fresno, Bakersfield, and San Diego. 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 is listed on The NASDAQ Stock Market under the trading symbol BBNK. Visit Bridge Capital Holdings on the web at www.bridgecapitalholdings.com. About Bridge Bank, N.A. Bridge Bank, N.A. is Santa Clara County's newest full-service business bank. The bank is dedicated to meeting the financial needs of small and middle market, and emerging technology businesses, in the Silicon Valley, Palo Alto, Sacramento, San Ramon-Pleasanton, San Diego, Los Angeles, Bakersfield, and Fresno business communities. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. Visit Bridge Bank on the web at www.bridgebank.com. Forward Looking StatementsCertain 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; (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. The reader should refer to the more complete discussion of such risks in Bridge Bank N.A.'s annual reports on Forms 10-K and 10-Q on file with the Office of the Comptroller of the Currency and in the Form 10-Q of Bridge Capital Holdings on file with the SEC.
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