MENLO PARK, Calif.,
June 21, 2016 /PRNewswire/
-- Bridge Bank today announced the opening of a new
Menlo Park loan production office
on famed Sand Hill Road, the headquarters for its Equity Fund
Resources (EFR) Group. This move underscores Bridge Bank's
continued commitment to being the go-to-resource for small and
medium-sized businesses, the private equity community and the
diverse industries they serve. The new office is part of Bridge
Bank's broader plans to expand the EFR Group and Sand Hill Road is
an ideal location to forge even deeper relationships with the
neighboring venture capital and private equity communities focused
on technology and life science companies. The Menlo Park location will not be a full service
banking office and will not accept deposits or open bank
accounts.
"Our goal for Bridge Bank's EFR Group is to create a robust
ecosystem of equity fund associates and venture capital investors,"
said Michael David, SVP and managing
director of the Equity Fund Resources Group at Bridge Bank. "Sand
Hill Road is at the epicenter of this world and our new office and
EFR team are now well positioned as part of this community."
Founded in September 2015 as a
central hub for the venture capital and private equity communities,
the group builds on Bridge Bank's success as a leading technology
lender by offering a comprehensive suite of customized banking
services. The EFR Group works with early- to growth-stage companies
across a variety of sectors throughout the U.S. with locations in
Silicon Valley, Southern
California, the Northeast, and the mid-Atlantic region. It
caters to the VC and private equity communities and the portfolio
companies they back.
The new Menlo Park office
neighbors some of the world's most prestigious and long-standing VC
firms – an important factor considering most of Silicon Valley's
success stories have received backing from one or more Sand Hill
Road venture capital firms. Located at 2735 Sand Hill Road, the new
Bridge Bank office was designed by Anne Sneed Architectural
Interiors and has four executive suites, as well as a larger common
area to accommodate the EFR Group's continued expansion. With the
addition of this location, Bridge Bank now has 10 offices and is
growing in major markets across the country.
About Bridge Bank
Bridge Bank is a division of Western
Alliance Bank, the go-to-bank for business in its growing markets.
Bridge Bank was founded in 2001 in Silicon Valley to offer a better
way to bank for small-market and middle-market businesses from
across many industries, as well as emerging technology companies
and the private equity community. Geared to serving both
venture-backed and non-venture-backed companies, Bridge Bank offers
a broad scope of financial solutions including growth capital,
equipment and working capital credit facilities, sustainable energy
project finance, venture debt, treasury management, asset-based
lending, SBA and commercial real estate loans, ESOP finance and a
full line of international products and services. Based in
San Jose, Bridge Bank has 10
offices in major markets across the country along with Western
Alliance Bank's robust national platform of specialized financial
services. Western Alliance Bank is the primary subsidiary of
Phoenix-based Western Alliance
Bancorporation. With $15 billion in
assets, Western Alliance Bancorporation (NYSE:WAL) is one of the
fastest-growing bank holding companies in the U.S. and recognized
as #10 on the Forbes 2016 "Best Banks in America" list. For more
information, visit www.bridgebank.com or follow us on Twitter
@Bridgebank.
PR Contact for Bridge Bank
Barokas PR for Bridge
Bank
206.264.8220
Bridgebank@barokas.com
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SOURCE Bridge Bank