SAN JOSE, Calif., Sept. 7, 2016 /PRNewswire/ -- Bridge
Bank today announced the hiring of Michael
Bachrodt as business line manager in its Renewable Resource
Group based out of San Jose. As
the group's new lead, Bachrodt will be in charge of overseeing the
entire Renewable Resource Group portfolio with his day-to-day
responsibilities including risk management, deal selection and
navigation of the group's business strategy.
Bridge Bank's Renewable Resource Group (RRG) offers a full
complement of debt financing, advisory, and banking services to
developers of renewable energy generation facilities. RRG assists
clients in getting their projects 'off the drawing board' and on
the path to installation and operations.
"Renewable resource companies face a unique set of challenges
and varying degrees of complexity when it comes to project
financing," said Bachrodt. "I am proud to be a part of a group that
understands these complexities and crafts customized solutions that
will ultimately help our clients turn their plans into a
reality."
Prior to joining Bridge Bank, Bachrodt served as director of
structured finance for SunEdison, Inc. Before its acquisition by
SunEdison, Michael led the customer finance function at EchoFirst,
where he coordinated with sales, channel, IT, asset management,
accounting and financial planning and analysis to finance
third-party owned solar systems. Michael also worked for PG&E's
Energy Procurement organization as principal of renewable
transactions. He holds a bachelor's degree in business
administration from the University of Notre
Dame and earned his MBA from Harvard
Business School.
"As a finance professional who is passionate about clean energy,
Michael is well suited to lead the Renewable Resource Group and
steer the group's future as we look to expand into additional
renewable asset classes," said Dan
Pistone, senior vice president and business line director in
Bridge Bank's Technology Banking and Renewable Resource Groups. "We
are confident that his versatile experience in residential,
commercial/industrial and small-scale utility project finance,
coupled with his strong leadership qualities, will make him a
beneficial resource for current and prospective clients alike."
About Bridge Bank
Bridge Bank is a division of Western Alliance Bank, Member FDIC,
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 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 eight 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 more than $16 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.
CONTACT: Marney Hatch,
1-614-315-4174, marney.hatch@barokas.com
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SOURCE Bridge Bank