SAN JOSE, CA — (Marketwired) — 10/14/14 — Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced today that it has provided , a leading consumer technology publisher headquartered in Portland, Oregon, a $2.5 million line of credit to support its working capital needs.
“We are pleased to support Digital Trends as they continue to pursue their goal of becoming the premier consumer technology content provider on the internet,” said David Feiock, assistant vice president in Bridge Bank–s San Francisco Capital Finance Team. “Digital Trends embodies the entrepreneurial spirit necessary for success and we are thrilled to be a part of their story.”
“Bridge Bank is an important partner that understands our business and what it takes to keep our growth on track,” said Ian Bell, CEO and publisher of Digital Trends. “We–re very proud to have grown our readership by 300 percent over the last three years and to be partnered with some of the world–s most prestigious brands including Ford, LG, Samsung and Microsoft, among others. We–re excited to have the foundation provided by Bridge Bank in place to support us as we solidify ourselves as one of the world–s leading tech resources in the years ahead.”
Digital Trends is a leading consumer technology publisher that aims to demystify technology, helping people navigate an increasingly digital world. Digital Trends– easy-to-understand product reviews, entertaining news and videos serve more than 20 million unique visitors each month and four million mobile users. Digital Trends reaches 90 million tech influencers through the Digital Trends Tech Network, and its syndicate partners include Yahoo!, FOX News and more than 200 broadcast news stations. Digital Trends is headquartered in Portland and has offices in New York City, San Francisco and Chicago. For more information, visit digitaltrends.com and follow @DigitalTrends on Twitter and Facebook.
Bridge Bank is a full-service commercial bank crafting the flexible solutions that small- and mid-market businesses, and emerging technology companies, need to thrive in the modern economy. Recognized by the Findley Reports as a “Super Premier Performing Bank,” and by Bauer Financial with a 5-Star rating, Bridge Bank offers a full complement of financial solutions including growth capital and term loans, venture debt, equipment and working capital credit facilities, project finance, government-backed SBA lending, treasury management and fraud solutions, international banking services, merchant services and corporate credit card programs, in addition to a variety of deposit and cash management solutions. We serve entrepreneurs across many industries through our national network of locations in Silicon Valley, San Francisco, Orange County, Boston, Reston and Dallas, and virtually through online banking and remote deposit capture. Find out how we help our clients thrive at . Follow us @BridgeBank.
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. Bridge Bank Holding Company was recently admitted to Sandler O–Neill–s Class of 2014 “Sm-All Stars” — a select group of 35 top-performing publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2.5 billion. For additional information, visit the Bridge Capital Holdings website at .
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. 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 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.
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