Bridge Bank Welcomes Accomplished Financial Professional Michael Bachrodt as Renewable Resource Group’s Business Line Manager
Wednesday, September 7, 2016
SAN JOSE, CA – September 7, 2016 – 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 principle 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.
Daniel P. Myers
Chief Executive Officer
firstname.lastname@example.org Ryan Barringer
Senior Vice President
Division Marketing Director
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. 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 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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