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

tatyanagepoji.blogspot.com
Bridge Capital Holdings CEO Dan Myers says the bank openefd an office in Irvine in 2007 but has now hired Jamesd Crumpton as a vice president who will help expanx lending activity beyond the Los Angeles and Orange County areaz intoSan Diego. Myers, also the CEO of the says Southern California's significant capturre of venture dollars perpetuatesthe Bank's desire to expanr its presence there. "James, with his backgrounxd is particularly capable," Myers says. "He's a heavyweight on technology andcreditr space. And getting someone like him to come on boarr and work that market signifies a significanty commitment on the part ofthe bank.
" The Los Angeles/Orange Countt Area accounted for $425 million in venture investment dollars in the third quarter of 2007 while San Diego pulled in $309 according to the most recent PriceWaterhouseCoopers MoneyTree Together the two Southern Californi a regions received more than 10 percent of all venture capital investment behind Silicon Valley at nearlyt 35a percent and New England at 14 percent.
Crumptonn was the chief credit officerr for Hercules TechnologyGrowth Capital, wherr he handled risk management, underwriting and portfolio management of venturw debt clients which includexd venture-backed and publicly held technology He's held senior banking positions with Comerica Bank CMA), Silicon Valley Bank (Nasdaq: SIVB) and Wells Fargop Bank (NYSE: WFC). "Technologty and life science companies need a bankingg partner who can provide them with creative financial solutions that expand as theirroperations grow," Crumpton says in a "This requires a collaborative approach to determining client a broad menu of products and serviced and the highest degree of clien service.
" Bridge Bank (Nasdaq: had $789 million in assets as of Sept. 30 2007 and 164 The bank recently opened its second offics inPalo Alto. It has six businesw offices elsewhere in the state and a Smallp Business Administration office in HuntingtonBeach