Bridge bank

Banc of California Names Venture Banking Leader Michael David to New Role as Head of Technology Banking-West

Retrieved on: 
Thursday, February 22, 2024
Finance, Banking, Professional Services, Asset Management, Fintech, Banc of California, Banq, Silicon, Treasury, Imperial Bank, BANC, Bridge bank

Banc of California, Inc. (NYSE: BANC) today announced that Michael David has joined its wholly owned subsidiary, Banc of California, California’s premier relationship-focused business bank, in the newly created role of executive vice president for Technology Banking-West, part of the Venture Banking group.

Key Points: 
  • Banc of California, Inc. (NYSE: BANC) today announced that Michael David has joined its wholly owned subsidiary, Banc of California, California’s premier relationship-focused business bank, in the newly created role of executive vice president for Technology Banking-West, part of the Venture Banking group.
  • David, formerly with Bridge Bank, will be based in Menlo Park, California, and report to Sean Lynden, president of the Venture Banking group.
  • “Michael brings more than two decades of experience in venture banking to this new role, and he and his team will bring Banc of California’s expanded venture banking capabilities and expertise to a whole new set of clients,” said Lynden.
  • The Venture Banking group offers a broad range of venture debt, fund finance, and treasury and cash management solutions.

Bridge Bank’s Life Sciences Group Hires Phillip Ho in San Francisco

Retrieved on: 
Thursday, February 22, 2024
Banking, Fintech, Professional Services, Finance, Senior, PacWest Bancorp, GE Capital, Multimedia, Pacific Northwest, BMO Capital Markets, Bank, Growth, JPMorgan Chase, Credit Suisse, Credit Suisse First Boston, Bridge bank, Management

Bridge Bank today announced that Phillip “Phil” Ho has joined its Life Sciences Group as senior vice president.

Key Points: 
  • Bridge Bank today announced that Phillip “Phil” Ho has joined its Life Sciences Group as senior vice president.
  • View the full release here: https://www.businesswire.com/news/home/20240222884279/en/
    Phillip “Phil” Ho, Senior Vice President in Bridge Bank’s Life Sciences Group.
  • (Photo: Business Wire)
    In his new role, Phil will support Bridge Bank’s Life Sciences Group in its mission to help companies in the industry bring their visions to market, working specifically with clients in the San Francisco Bay Area and the Pacific Northwest.
  • “I am excited to join Bridge Bank’s dynamic life sciences group and contribute to its forward-thinking approach to fostering innovation,” said Phil.

Bridge Bank Increases EliseAI’s Line of Credit to $30 Million to Support Company’s Growth

Retrieved on: 
Monday, December 11, 2023
Professional Services, Technology, Finance, Fintech, Artificial Intelligence, Banking, Growth, Bridge bank, Bank, Environment, Life

Bridge Bank today announced that its Technology Banking Group increased EliseAI’s line of credit from $15 million to $30 million to support the company’s continued growth.

Key Points: 
  • Bridge Bank today announced that its Technology Banking Group increased EliseAI’s line of credit from $15 million to $30 million to support the company’s continued growth.
  • “We appreciate EliseAI’s commitment to innovation and excellence,” said Roger Klarmann, senior vice president in Bridge Bank’s Technology Banking Group.
  • “Bridge Bank provides banking solutions to foster growth in cutting-edge technologies, and this extended line of credit reflects our confidence in EliseAI’s capabilities and goals.”
    “Securing this larger line of credit is an important milestone for the company,” said Minna Song, CEO of EliseAI.
  • “We are gratified by the confidence Bridge Bank has placed in our vision and capabilities.

Bridge Bank Supports Gooten’s Growth With $3.5 Million Venture Debt Term Loan

Retrieved on: 
Thursday, November 30, 2023
Banking, Fintech, Professional Services, Finance, Growth, Bridge bank, Bank, Environment, Life, Financial services

Bridge Bank today announced that its Technology Banking Group closed a $3.5 million venture debt term loan with Gooten, a leading technology and fulfillment company based in New York.

Key Points: 
  • Bridge Bank today announced that its Technology Banking Group closed a $3.5 million venture debt term loan with Gooten, a leading technology and fulfillment company based in New York.
  • “We believe in supporting ventures that contribute to the overall economic landscape, and Gooten embodies that spirit,” said Roger Klarmann, senior vice president in Bridge Bank’s Technology Banking Group.
  • “We’re pleased to support this investment in Gooten’s promising future.”
    Gooten provides order management systems to power on-demand production to more than 10,000 businesses.
  • “Gooten’s ability to help its clients scale is impressive,” said Laurence Brent, vice president in Bridge Bank’s Technology Banking Group.

Comerica Promotes Grant Simon to Senior Vice President, Group Manager, Technology and Life Sciences - San Francisco

Retrieved on: 
Thursday, August 10, 2023
Simon, Bridge bank, University, CMA, Senior, Comerica, TLS, Lam Research, Business, Commercial bank, MBA, Multimedia, Retail, Portuguese Commercial Bank, Division, Investment, SVB, Apple, Growth, Ecosystem, Silicon, Grant's, NYSE, Comerica Bank Tower, Management, Financial services

DALLAS, Aug. 10, 2023 /PRNewswire/ -- Comerica Bank has promoted Grant Simon to Senior Vice President - Technology and Life Sciences (TLS), Group Manager, San Francisco, effective August 11, 2023.

Key Points: 
  • DALLAS, Aug. 10, 2023 /PRNewswire/ -- Comerica Bank has promoted Grant Simon to Senior Vice President - Technology and Life Sciences (TLS), Group Manager, San Francisco, effective August 11, 2023.
  • In his new role, Simon will oversee his group's direction, strategic growth and investor coverage in Northern California.
  • "Grant is a results-focused leader who has delivered strong organization growth for Comerica Bank's TLS Division," said David Whiting, Comerica Bank TLS Division President.
  • Comerica provides more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas.

ALICE Technologies Extends Funding Series B Round to Access $47M in Capital

Retrieved on: 
Tuesday, April 11, 2023
Heart, Mainland China, Rising Tide, Intelligence, FDIC, Silicon, Digital transformation, Investment, Risk, SAN, Microsoft Excel, ALICE, Series, Growth, Swire Properties, Construction, New Ventures, Bridge bank, Western Alliance Bancorporation

SAN FRANCISCO, April 11, 2023 /PRNewswire/ -- ALICE Technologies announced that it has extended its Series B funding round by an incremental $13 million with equity financing from Swire Properties, plus a term loan from Bridge Bank, bringing the total value of the Series B funding to $47 million to date. ALICE Technologies' construction optioneering platform helps general contractors and owners worldwide to leverage the power of artificial intelligence to plan, bid and build their large-scale industrial, infrastructure and commercial projects more efficiently and with reduced risk.

Key Points: 
  • SAN FRANCISCO, April 11, 2023 /PRNewswire/ -- ALICE Technologies announced that it has extended its Series B funding round by an incremental $13 million with equity financing from Swire Properties, plus a term loan from Bridge Bank, bringing the total value of the Series B funding to $47 million to date.
  • "As they expand the variety and number of projects on which they use ALICE, we must scale to meet demand.
  • This financing extends the company's Series B round that ALICE announced in June of 2022 , and which was led by Vanedge Capital.
  • Additional new investors included Bouygues, Gaingels, GRIDS Capital, JLL Spark, and MetaPlanet, which joined the round along with existing investors Future Ventures, Merus Capital, and Rising Tide.

Fairmatic Raises $46M to Drive AI Innovation in Commercial Auto Insurance

Retrieved on: 
Thursday, March 16, 2023
TEL, Fintech, Risk, Bridge bank, NASA, Insurance, Software, Lincoln L-head V12 engine, Engineering, Safety, Battery Ventures, Houzz, Cryptocurrency, Mobile phone, Fairmat

NEW YORK and BANGALORE, India and TEL AVIV, Israel, March 16, 2023 /PRNewswire/ -- AI-powered commercial auto insurance company Fairmatic today announced it has raised $46 million in new funding, six months after its oversubscribed Series A, bringing its total financing to $88 million. Battery Ventures led the round with participation from current investors and Bridge Bank.

Key Points: 
  • Fairmatic is creating a new commercial auto insurance category with its AI-driven underwriting approach that unlocks continuous savings opportunities for fleets.
  • "Fairmatic addresses the central requirement of improving commercial auto insurance: motivating safer driving.
  • Ryu added, "We are excited to partner with Fairmatic as an exemplar of fundamental innovation in financial services.
  • This new funding strengthens Fairmatic's lead in AI innovation geared towards meaningfully improved road safety and profitability."

CytoSorbents Comments on Bank Exposure and Diversified Cash Position

Retrieved on: 
Tuesday, March 14, 2023
Silicon, JPMorgan Chase, Cytosorbents Corporation, Bridge bank, Signature Bank, Silicon Valley Bank, Professional corporation, Security (finance)

PRINCETON, N.J., March 14, 2023 (GLOBE NEWSWIRE) -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary polymer adsorption technology, announced today that it does not have any direct financial exposure to Silicon Valley Bank or Signature Bank.

Key Points: 
  • PRINCETON, N.J., March 14, 2023 (GLOBE NEWSWIRE) -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary polymer adsorption technology, announced today that it does not have any direct financial exposure to Silicon Valley Bank or Signature Bank.
  • CytoSorbents has diversified cash holdings in multiple financial institutions, both domestically and internationally.
  • In the U.S., in cooperation with Bridge Bank, CytoSorbents currently holds the majority of its cash holdings at JP Morgan Chase and a minority at Bridge Bank.

CytoSorbents Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Thursday, March 9, 2023
Transfer, Currency, Hospital, ICU, Security, Advertising, Clinical trial, Secretary of State of New Jersey, Note 2, Autoimmune disease, Bed, Comparison, Consultant, Term, EUA, Research, Patient, FDA, Public expenditure, Growth, Patent, Apixaban, ATM, Travel, Marketing, BMS, COVID-19, Insurance, Bank statement, Bridge bank, Sale, Cytokine adsorbing column, South German Customs Union, Pharmaceutical industry, Security (finance), Cryptocurrency, Financial services, Euro, Pfizer

PRINCETON, N.J., March 09, 2023 (GLOBE NEWSWIRE) -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary polymer adsorption technology, today reported financial and operating results for the quarter and year ended December 31, 2022 and provides its 2023 outlook.

Key Points: 
  • For the years ended December 31, 2022 and 2021, cost of revenue was approximately $13,956,000 and $11,047,000, respectively, an increase of approximately $2,909,000.
  • Product cost of revenues increased approximately $698,000 during the year ended December 31, 2022 as compared to the year ended December 31, 2021.
  • Product gross margins were approximately 70% for the year ended December 31, 2022 and approximately 80% for the year ended December 31, 2021.
  • The 2022 loss is directly related to the decrease of the exchange rate of the Euro as of December 31, 2022 as compared to December 31, 2021.

Bridge Bank’s Corporate Banking Group Welcomes Nam Nguyen

Retrieved on: 
Thursday, February 9, 2023
Banking, Professional Services, MBA, University, Nam Nguyen, Bank, San Francisco Bay Area, Business administration, Bachelor of Business Administration, Nguyen, University of Wisconsin–Madison School of Education, Comerica, Bridge bank, Knowledge, Financial services

Bridge Bank today announced the addition of Nam Nguyen as vice president and relationship manager in the Corporate Banking Group.

Key Points: 
  • Bridge Bank today announced the addition of Nam Nguyen as vice president and relationship manager in the Corporate Banking Group.
  • Nguyen will be based in Bridge Bank’s East Bay Loan Production office, located in Pleasanton, California.
  • “The depth of Nam’s banking and business experience will enhance our team’s ability to help our clients reach their goals,” said Ryan Banta, senior director in Bridge Bank’s Corporate Banking Group.
  • “I’m excited about the opportunity to join Bridge Bank’s Corporate Banking Group, with their clear commitment to ensuring the success of a wide range of client businesses,” Nguyen said.