Bridge Bank’s Life Sciences Group Hires Fred Lee as Vice President, Relationship Manager in the San Francisco Bay Area
Bridge Bank’s LSG provides term and revolving debt for a variety of purposes, including growth and working capital, refinancing, restructuring, recapitalization and financing mergers and acquisitions. In addition to providing tailored credit solutions, LSG offers the full complement of Bridge Bank’s banking products and services, including treasury management and international financial solutions.
“This is an exciting time for the life science industry,” said Fred. “I look forward to working with a group of dedicated professionals to serve one of the most innovative and dynamic markets in the world.”
Fred brings more than 10 years of healthcare industry experience, specializing in deal origination and debt underwriting. Prior to joining Bridge Bank, Fred served as a vice president in Capital One/GE Capital’s life science finance group, where he focused on venture lending for both private and public life science companies. Fred began his career in healthcare investment banking at Citi, where he spent over eight years and led over $9 billion in debt financings and $2 billion in M&A transactions. A graduate of the University of California, Berkeley, Fred holds a B.S. in Business Administration and a B.A. in Economics.
“We’re excited to be adding to our roster of seasoned professionals and believe Fred’s relevant experience in underwriting loans and managing a portfolio of life sciences loans will be incredibly valuable as we continue catering our offerings for the biotechnology, medical device, and pharma companies we serve,” said Rob Lake, senior vice president and head of Bridge Bank’s Life Sciences Group. “We’re confident that Fred’s deep financial and life sciences expertise will help him create tailored credit and banking solutions and empower high-growth life sciences companies to focus on the bigger picture – working towards saving and improving peoples’ lives.”
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 from 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 $15 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.
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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