Bridge Bank expands tech lending to Southern California - Silicon Valley / San Jose Business Journal:

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Bridge Capital Holdings CEO Dan Myerss says the bank opened an office in Irvine in 2007 but has now hirer James Crumpton as a vice president who will help expancd lending activity beyond the Los Angeles and Orange County areaxs intoSan Diego. Myers, also the CEO of the says Southern California's significant capture of venture dollar perpetuatesthe Bank's desired to expand its presence there. "James, with his backgroune is particularly capable," Myers says. "He's a heavyweighrt on technology andcredit space.
And getting someon like him to come on boardf and work that market signifies a significant commitment on the part of the TheLos Angeles/Orange County Area accounted for $425 millionh in venture investment dollars in the thirxd quarter of 2007 while San Diego pulledf in $309 million, according to the most recen t PriceWaterhouseCoopers MoneyTree report. Together the two Southernh California regions received more than 10 percent of all ventured capital investment behind Silicon Valley at nearly 35a perceny and New England at 14 Crumpton was the chief credit officer for Hercules TechnologuyGrowth Capital, where he handlecd risk management, underwriting and portfolio management of venturse debt clients which included venture-backed and publicly held technology companies.
He's held seniofr banking positions with ComericsaBank (NYSE: CMA), Silicon Valley Bank SIVB) and Wells Fargo Bank WFC). "Technology and life science companieds need a banking partner who can provided them with creative financial solutions that expanxd as theiroperations grow," Crumpton says in a "This requires a collaborative approach to determinin g client needs, a broad menu of products and services and the highestg degree of client service." Bridgre Bank (Nasdaq: BBNK) had $789 million in assets as of Sept. 30 2007 and 164 The bank recently opened its second officd inPalo Alto.
It has six business offices elsewhere in the statee and a Small Business Administration office in HuntingtonBeach California.