News
News Home



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



ACM Aviation, LLC secures $5 Million in Financing from Bridge Bank

San Jose, CA - July 14, 2009 - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full-service business bank headquartered in the Silicon Valley region of California, announced today, it has extended a $5 million credit facility to ACM Aviation, LLC to support its expansion efforts.

"Despite the challenging economy, private jet services are still in high demand," states President Frank Milian. "We are pleased to be working with Bridge Bank on our expansion projects and are confident they understand our business and our industry."

ACM Aviation provides aircraft management and charter services and features the largest fleet of corporate aircraft at the Norman Y. Mineta San Jose International Airport. ACM Aviation's offerings include a full spectrum of aviation services with technologically advanced equipment, luxurious amenities, and first class air travel.

"ACM is in a dynamic sector of aviation while simultaneously servicing their customers and growing their business," says Larry LaCroix, Senior Vice President of Bridge Capital Finance Group at Bridge Bank. "We are delighted to begin a new relationship with ACM and proud that we are an integral part of their growth."

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, online account statement and item imaging, remote deposit capture, commercial lines of credit, growth capital financing, commercial real estate financing, international Export-Import financing and foreign exchange payment services, 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.

About ACM Aviation, LLC
ACM Aviation has been leading the executive charter and corporate aircraft management industry with innovation and unparalleled customer service for over 27 years. With worldwide operating experience and a priority on safety ACM has developed an operating standard which is among the highest in the industry. ACM's focus on hospitality provides the quality of service that rivals the finest concierge. Flying with ACM Aviation you will have a peace of mind in knowing that you are with an industry leader who represents its clients' best interest without compromising safety, quality, or integrity. The company was founded in 1981 and is based in San Jose, California.

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 holds a Global Select listing 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.

Daniel P. Myers
President
Chief Executive Officer
408-556-6510
dan.myers@bridgebank.com  
Thomas A. Sa
Executive Vice President
Chief Administrative Officer, Chief Financial Officer
408-556-8308
tom.sa@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 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.


To print or save a pdf version of this press release please click here to download

You need Acrobat Reader to view these pdf files. Download a free version Here.

To save a .pdf file for off-line viewing, please right click on a link, and choose:

'Save Link As' in Netscape
'Save Target As' in Internet Explorer


Top of page