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 |
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Bridge Capital Holdings Named Among Top Banks in U.S.
BBNK Among Top 25 Banks of 2008
BBNK Among Top 10 Community Banks of 2008
CEO Myers Among Top 10 Bank CEOs
San Jose, CA – February 12, 2008 – Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, one of the best performing full-service business banks in California and the Nation, announced today that it was named one of The Top 25 Banks of 2008 by U.S. Banker magazine in its January 2008 issue.
The Top 25 Banks of 2008 list was compiled based on return on equity performance as of September 30, 2007. Banks were selected from among all U.S. banks and thrifts traded on major exchanges, pink sheets, or bulletin boards and private banks that file with the SEC. Bridge Capital Holdings was listed in seventeenth position on the list of 25 banks.
In addition to being named to The Top 25 Banks of 2008, Bridge Capital Holdings was also ranked sixth among the publication’s Top 10 Community Banks of 2008. This ranking was based upon return on equity performance.
U.S. Banker also names an All Star Banking Team annually. For 2008, Daniel P. Myers, President and Chief Executive Officer of Bridge Bank, N.A. and Bridge Capital Holdings, was named to the All-Star Banking Team as one of the Top 10 Bank CEOs in the nation.
For 2007, Bridge Capital Holdings reported record net income of $10.9 million, an increase of 26% from the prior year, and $1.57 earnings per diluted share, an increase of 24% from 2006. Net interest margin for 2007 remained strong at 6.76% along with return on assets of 1.45% and return on equity of 19.34%. The banking company reported year-end total assets of $775 million.
Bridge Bank specializes in providing superior service and customized banking solutions to small and middle-market, and emerging technology businesses, in Silicon Valley, California, and the Nation. The bank’s product offerings include 24/7 internet-based business cash and treasury management, on-line account statement and item imaging, remote deposit capture, commercial lines of credit, growth capital financing, construction loans, Small Business Administration 7(a) and 504 loans as an SBA Preferred Lender Participant-accredited direct lender, Export-Import financing as a High Plus Delegated Lender of the US Export-Import Bank, and factoring and asset-based loans through its Bridge Capital Finance Group.
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 Silicon Valley's full-service professional business bank. The Bank is dedicated to meeting the financial needs of small, middle-market, and emerging technology businesses. 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.
About U.S. Banker.
U.S. Banker provides 40,000 C-suite and executive-level bankers with analysis and commentary on the industry players, financial and economic market trends, regulations, business strategies, and innovations reshaping the banking and financial services landscape. U.S. Banker is published monthly and distributes a weekly eNewsletter. U.S. Banker produces The 25 Most Powerful Women in Banking, an annual performance-based influence ranking and series of networking and professional development events, and the All-Star Banking Team, an annual ranking of the top institutions, CEOs and CFOs.
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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