Bridge Bank’s San Francisco-Based Technology Banking Group Announces Hiring of Laurence Sherman as Vice President
SAN FRANCISCO, CA – Bridge Bank today announced the hiring of Laurence Sherman as vice president in its Technology Banking group in San Francisco. Laurence’s day-to-day responsibilities will include the delivery of working capital, venture debt, and growth capital financing solutions, in addition to offering a complete suite of treasury management products to West Coast technology companies.
Bridge Bank’s Technology Banking group provides uniquely flexible financing solutions to companies in a wide variety of technology sectors. At every stage of growth — from inception through IPO and beyond — Bridge Bank is a leading financial resource to companies across the nation that are focused on bringing new technologies to market.
“Bridge Bank’s Technology Banking group is renowned for leading industry growth and redefining standards in the tech-focused lending space,” said Larry. “I am incredibly fortunate to be a part of this team and look forward to playing a part in the company’s future milestones.”
Prior to joining Bridge Bank, Laurence served in multiple positions at City National Bank, most recently as vice president in the Technology and Venture Capital Banking group, where he worked for nearly four years. In this role he negotiated, closed, and managed a large portfolio of venture backed technology companies. Laurence is a graduate of the University of California, Santa Barbara with a Bachelor of Arts degree in Business Economics.
“We are pleased to announce that Laurence will be joining Bridge Bank,” said Mike Lederman, senior vice president and director of Bridge Bank’s San Francisco and East Bay region. “In addition to his extensive experience building and fostering client relationships, Laurence will bring an in-depth knowledge and skill set specific to tech and venture financing which will no doubt play a role in promoting further company and client achievements.”
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.
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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