Bridge Bank Provides $5.5 Million Financing to Mission Bell Manufacturing
| Source: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - February 9, 2010) - Bridge Capital Holdings (NASDAQ : BBNK ), whose
subsidiary is Bridge Bank, National Association, a full-service business
bank headquartered in Silicon Valley, announced today that it has provided
financing to Mission Bell Manufacturing to support its working capital
needs for its millwork and casework operations.
"We are very happy to be working with Bridge Bank," said Mark Scianna,
President of Mission Bell. "They listened to our needs and responded with
a credit facility that is creative and provides increased flexibility and
liquidity that allows us to access working capital needed to maintain the
highest quality and value our customers have come to expect."
Founded in 1959, Million Bell is the largest commercial architectural
woodwork, millwork and custom casework manufacturer in Northern California.
Known for providing the most intricate one-of-a-kind quality woodwork
fixtures to standard production plastic laminate cabinets, Mission Bell
teams with the best general contractors and architects to deliver the best
value. Mission Bell's work is found in prestigious professional offices,
modern manufacturing headquarters, educational and medical facilities,
distinctive country clubs, hospitality sites, fine retail stores, high-end
residences, and multi-unit complexes throughout California.
"Mission Bell is a premier company in its space with a long history of
success," said Kelly McRitchie, Vice President, Commercial and Industrial
Lending at Bridge Bank. "We appreciate the opportunity to support Mission
Bell's financing needs and we look forward to a long relationship with the
Company."
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 Mission Bell Manufacturing
Headquartered in Morgan Hill, California, Mission Bell specializes in
quality architectural woodwork, millwork and custom casework. Mission Bell
provides an end-to-end business approach headed up by an experienced
Project Manager who is the single point of responsibility for every
project. Their customers include architects, developers, builders and
contractors. For more information, visit www.missionbell.com or call (408)
778-2036.
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,
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.
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
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Forward-looking statements involve significant risks and uncertainties and
actual results may differ materially from those presented, either expressed
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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
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existing litigation; future credit loss experience; increased competitive
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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
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