Daily News: June 27, 2012

Bridge Bank Expands Corporate Banking Division to San Francisco

Bridge Capital Holdings, whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley, announced the expansion of its Corporate Banking Division into San Francisco to serve the professional business community.

“We see an enormous opportunity to provide our unique brand of banking to small and middle market companies located in San Francisco,” said Peggy Bradshaw, executive vice president and chief banking officer of Bridge Bank. “The addition of our Corporate Banking staff to our existing presence in San Francisco is consistent with our successful banking model in the South Bay.”

Emily Ruvalcaba, executive vice president and Corporate Banking Division manager, added, “Bridge Bank provides a unique business banking experience — different than any other bank. We’re pleased to be even closer to our clients in order to deliver the best experience possible.” The bank has an established client portfolio in San Francisco, and is seeking to further expand it.

Bridge Bank first opened an office location in San Francisco in May 2008, initially to serve the thriving technology community. Over the past five years, the San Francisco Technology Banking team, led by senior vice president Mike Lederman, has seen rapid growth in their client portfolio. Additionally, the Bridge Capital Finance Group, whose San Francisco-based team is led by senior vice president Sarah Schmidt, offers asset-based lending solutions to clients in various stages of growth. Bridge Bank has nearly doubled the size of its San Francisco office to accommodate for additional employees and a more comfortable client experience.

“Based on the new client activity we’ve experienced in the short time our Corporate Banking group has been in San Francisco, we believe there is huge growth potential for Bridge Bank here,” said Martin Kriegler, senior vice president and group manager in the Corporate Banking Division, who is leading the team that is already seeing positive response to the division’s northward expansion.