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These risks and uncertainties include, but are not limited to: (1) competitive pressures in the banking industry; (2) changes in interest rate environment; (3) general economic conditions, nationally, regionally, and in operating markets; (4) changes in the regulatory environment; (5) changes in business conditions and inflation; (6) changes in securities markets; (7) future credit loss experience; (8) the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control; (9) civil disturbances or terrorist threats or acts, or apprehension about the possible future occurrences of acts of this type; and (10) the involvement of the United States in war or other hostilities |
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Bridge Bank Provides NBS $8.2 Million in Flexible Funding
"Our liquidity and in turn our ability to respond quickly to fresh opportunities have both been improved by this agreement," explains NBS Chief Financial Officer, Chris Mak. "The timing is also significant because it demonstrates clearly that the very different business model NBS brings to the EMS marketplace has a special strength and resiliency recognized by the financial markets as well as by our customers." Founded in 1999 as a PCB layout specialist, NBS has achieved continuous growth since its inception. They have created a unique business model that delivers leading-edge services in design engineering, end to end manufacturing, test and verification to a large and diverse customer-base serving all industry segments and geographies. At the same time, they deploy a highly integrated network of engineering and manufacturing processes that enable NPI and volume manufacturing to successfully co-exist side by side. "We appreciate the opportunity to support NBS," said Anthony Crisci, Vice President, Capital Finance Group at Bridge Bank, N.A. "We have been impressed with the company's growth initiatives, its financial performance and the unique market position it has nurtured while becoming a significant force within the EMS industry, particularly throughout the current economic climate." NBS’ 2009 acquisition of CompServ enabled the company to expand the scope of its services to include advanced supply chain logistics, custom products sourcing and a wide array of test services. Test capabilities at the firm now include advanced AOI, automatic 2D and 3D X-ray, ICT, FCT, BIT and flying probe technologies. They also offer test program development, boundary scan development and test, fixture design and manufacturing and a range of diagnostic and rework test services. About NBS About Bridge Capital Holdings
Forward Looking Statements Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements describe future plans, strategies and expectations, such as, for example, the Company's plans to divest itself of non-performing assets, to sell convertible preferred shares and expectations regarding capital ratios. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Company, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely. Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company's ability to reach definitive agreements regarding and to subsequently complete the sales of nonperforming assets and convertible preferred shares, the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control. The reader should refer to the more complete discussion of such risks in Bridge Capital Holdings' annual reports on Forms 10-K and quarterly reports on Forms 10-Q on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
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