Bridge Bank Announces Retirement of Ken Silveira
Will Continue Working With Bridge Bank as Technology Consultant
| Source: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - August 4, 2009) - Bridge Capital Holdings (NASDAQ : BBNK ), whose
subsidiary is Bridge Bank, National Association, a full-service
professional business bank headquartered in Silicon Valley, announced today
that Kenneth Silveira, the Bank's Executive Vice President and Chief
Technology and Information Officer, has decided to retire from active
banking and from Bridge Bank.
"Ken was a founding executive officer of Bridge Bank and is responsible for
creating the Bank's state of the art technology platforms and unique
technology-driven client banking experience," said Daniel P. Myers,
President and Chief Executive Officer of Bridge Capital Holdings and Bridge
Bank, N. A. "Ken's contribution to Bridge Bank, as well as the great
success he's had over the span of his forty three year career in commercial
banking -- cannot be overstated."
Mr. Silveira, age 65, will retire from active banking and Bridge Bank
effective August 31, 2009. The Company also announced that it has reached
an agreement with Mr. Silveira under which he will provide technology
management consulting services to Bridge Bank for a two year period. The
consulting agreement becomes effective September 1, 2009.
Ken Silveira was a founding executive officer and CIO of Bridge Bank. Ken
was responsible for overall IT strategy and banking operations. He also
managed online banking services and facilities. Ken is most recognized for
the development of unique integrated outsourcing techniques to power the
Bank's operations which have resulted in virtually unlimited horsepower to
support the Bank's growth and industry leading use of new technologies.
While at Bridge Bank, Mr. Silveira built a capable, robust, and scalable
technology platform that was -- and continues to include -- state of the
art technology solutions for the Bank and its business clients.
Additionally, Mr. Silveira successfully built this platform by assembling,
coordinating, and then managing a core group of critical vendors that
worked together to deliver state of the art solutions to Bridge Bank on an
outsourced basis, a unique architecture at the time that many banks have
attempted to copy since. Through his successful efforts at Bridge Bank,
Mr. Silveira helped to define best practices of IT vendor management in the
commercial banking industry at an early stage of that industry's movement
toward IT outsourcing.
"The opportunity to start and build a bank has been exciting and extremely
rewarding," stated Mr. Silveira. "My success has been due to the support
and vision of the Management Team and the Board who placed a high priority
on information technology from the beginning."
In addition to his position as Executive Vice President and Chief
Technology and Information Officer of Bridge Bank, Mr. Silveira acted as
the Corporate Secretary of Bridge Capital Holdings.
Before joining Bridge Bank, Mr. Silveira was an Executive Vice President
and founding officer of Heritage Bank of Commerce and Heritage Commerce
Corp of San Jose. At Heritage, Mr. Silveira was its initial Chief
Financial Officer and later managed its operations and developed its
e-banking strategies, which included industry leading use of online banking
systems and innovative programs, including the industry's first instant
online application approval process for credit cards.
Prior to Heritage Bank, Mr. Silveira was a Vice President with Bank of
America, where he spent more than 25 years in various and progressively
more senior management positions in retail banking, operations research,
and finance.
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. For additional information, visit the Bridge Capital Holdings
website 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 and
middle market companies, and emerging technology businesses, in Silicon
Valley, Northern California, and the Nation. Bridge Bank provides its
clients with a comprehensive package of business banking solutions
delivered through experienced, professional bankers. For additional
information, visit the Bridge Bank website at www.bridgebank.com.
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statements within the meaning of the Private Securities Litigation Reform
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actual results may differ materially from those presented, either expressed
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successfully execute its business plans and achieve its objectives; changes
in general economic, real estate and financial market conditions, either
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existing litigation; future credit loss experience; increased competitive
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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
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