Investment Advisor Steve Schreier Joins Bridge Bank15 April 2005
Bridge Capital Holdings (Nasdaq: BBNK - News), whose sole subsidiary is Bridge Bank, N. A., one of California's fastest-growing full-service business banks, today announced that Steven D. Schreier has joined the Bank as Senior Vice President and Manager of its Bridge Investment Services Group. "Steve brings a wealth of hands-on investment advisory experience to his new position in our Bridge Investment Services Group," said Daniel P. Myers, President and Chief Executive Officer of Bridge Capital Holdings and Bridge Bank. "His unique background and expertise will provide real value to the Bank's growing list of technology company clients."
Mr. Schreier has many years of experience in the financial services sector. Prior to joining Bridge Bank, Mr. Schreier worked at Silicon Valley Bank as Director of Silicon Valley Bank Securities and Silicon Valley Bank Asset Management. In that capacity, he was the senior institutional fixed income advisor to venture capital firms, as well as life science and technology companies.
"I am delighted to be joining Bridge Bank, which has enjoyed so much growth and success since starting in 2001," said Mr. Schreier. "I look forward to helping Bridge Bank extend its reach into the technology sector with its new Technology Banking division. I know the Bank's unique brand of professional business banking will have strong appeal to busy CFO's of technology companies."
Bridge Investment Services provides investment advisory services to emerging and later stage technology companies to meet their unique liquidity and investment challenges. Mr. Schreier's focus will be to work with chief financial officers of technology companies to select investment strategies and products that maximize yield and preserve liquidity with a conservative level of risk.
"Bridge Investment Services has created a unique channel partnership for client access to premier institutional fixed income treasury management and investment strategies," added Schreier. "Our top-tier relationship provides Bridge Bank clients a competitive edge in the cash management marketplace."
Bridge Bank's Technology Banking division offers a full range of banking products and cash management services to emerging, revenue, and later stage technology and life science companies in Silicon Valley and California. The Bank offers short and long term credit solutions, growth capital, and international credit as an accredited Delegated Authority Lender with the Export Import Bank of the United States. To assist clients with cash management, Bridge Bank offers state-of-the-art internet business banking, unique investment options through its Bridge Investment Services Group, and funds transfer and foreign exchange services through its International Banking Group.
Mr. Schreier began his career in the financial services industry in 1990 when he joined Shearson Lehman Brothers in San Jose. Following that position, he worked in increasingly senior positions with Smith Barney, CIBC Oppenheimer, and Silicon Valley Bank. Prior to 1990, Mr. Schreier was Chairman and Chief Executive Officer for Document Protection Technology, a startup developing encryption technology to protect documents and data against counterfeiting.
Mr. Schreier is actively involved in the Silicon Valley community. He currently serves on the California Advisory Board for the BizWorld Foundation, an international not-for-profit organization that promotes financial education and entrepreneurship for children in grades three through eight. He was also Chairman of The Visiting Nurse Association's Continuing Care Division of the Good Samaritan Health System.
A resident of Mountain View, Mr. Schreier attended the University of Kansas.
Bridge Bank, headquartered in Silicon Valley, now has eight offices throughout California. In addition to its recently formed Technology Banking Group, the Bank operates two full service commercial banking offices in San Jose and Palo Alto, a commercial loan production office in the East Bay, the Bridge Capital Finance-offering structured, asset-based, and factored loans -- loan production office in Santa Clara, and four Small Business Administration loan sales offices located in Sacramento, Fresno, Bakersfield, and San Diego.
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 Santa Clara County's newest full-service business bank. The bank is dedicated to meeting the financial needs of small and middle market, and emerging technology businesses, in the Silicon Valley, Palo Alto, Sacramento, San Ramon-Pleasanton, San Diego, Los Angeles, Bakersfield, and Fresno business communities. 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 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; (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.
The reader should refer to the more complete discussion of such risks in Bridge Bank N.A.'s annual reports on Forms 10-K and 10-Q on file with the Office of the Comptroller of the Currency and in the Form 10-Q of Bridge Capital Holdings on file with the SEC.
-------------------------------------------------------------------------------- Source: Bridge Bank, N.A.
Source: PR Newswire
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