Bridge Bank hired Phillip Ho as senior vice president for its life sciences group. Before joining Bridge Bank, Ho was executive director and senior life science banker at JPMorgan Chase.
Bridge Bank’s technology banking group closed a $3.5 million venture debt term loan with Gooten, a technology and fulfillment company based in New York. Gooten will use the funds for continued growth and expansion.
Bridge Bank added Nam Nguyen as vice president and relationship manager for its corporate banking group. Nguyen will be based in Bridge Bank’s East Bay loan production office, located in Pleasanton, CA.
Bridge Bank’s capital finance group hired Glenn Burroughs as senior vice president of business development in Seattle, Ari Kaplan as senior vice president and regional manager in Chicago and Matthew Trusiak as assistant vice president and regional manager in Las Vegas.
The capital finance group of Bridge Bank closed on a $3 million credit facility for Innovative Lease Services, provider of commercial equipment financing and leasing services. Innovative Lease Services plans to use the funding to help grow its lease portfolio.
CytoSorbents received $5 million in non-dilutive debt financing under the terms of the fourth amendment to its amended and restated loan and security agreement with Bridge Bank.
BillionToOne, a molecular diagnostics company, secured an additional $48.5 million of funding from existing equity investors as well as an upsized term loan facility with access to up to $35 million with its existing lender, Bridge Bank.
Bridge Bank closed a $10 million line of credit, in October, to fuel the growth of Xeal, a technology company that’s making electric vehicle (EV) charging more reliable and accessible for building developers and owners in addition to EV owners.
Bridge Bank expanded its growing asset-based lending team, part of the bank’s capital finance group.
The technology banking group of Bridge Bank closed a $15 million line of credit for EliseAI, a New York City-based technology company dedicated to building the world’s most advanced conversational artificial intelligence platform with an initial focus on rental housing.