Bridge Bank’s Business Escrow Services Boosts Capacity With New Hires
September 13, 2022
SAN JOSE, Calif. — Bridge Bank today announced an expansion of its Business Escrow Services team with the addition of Doug Weaver and Kerry McDonough.
A 35-year veteran of Wall Street, Weaver joins Bridge Bank as senior vice president of business development for Business Escrow Services group. In his previous roles, he focused on escrow business development in New York and the Mid-Atlantic and Southeast regions for large brokerage houses and money center banks. He is a published expert on M&A activity and has identified numerous data point trends, giving him the expertise to identify opportunities for clients. He has had numerous studies on M&A escrow activity published and has identified many market trends involving escrows allowing the M&A community to see what the current market norms are regarding M&A escrows.
McDonough, who joins Bridge Bank as vice president and relationship manager in Bridge Bank’s Business Escrow Services group, has more than 30 years of banking industry experience. She has provided escrow administration services for Citi Private Bank and the corporate trust offices of JPMorgan Chase, Bank of America and IBJ Schroder Bank & Trust Company.
“With the wealth of experience Doug and Kerry bring to the table, Bridge Bank’s Business Escrow Services group can expand our ability to deliver timely, transparent customer needs assessments, disbursements and paying agent and escrow services,” said Alex Tsarnas, senior managing director of Bridge Bank’s Business Escrow Services group. “These new team members reinforce our commitment to providing exceptional service to our escrow clients.”
Bridge Bank’s growing Business Escrow Services group is a specialized, trusted resource for strategic buyers, leading law firms, exiting companies and other deal constituents. Clients choose the group for its in-depth experience, combined with expert, personalized service and innovative product features and technology. The team tailors offerings to clients’ needs to provide paying agent and escrow services related to mergers, acquisitions, asset purchases and other business escrow transactions.
Bridge Bank, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2001 in Silicon Valley, Bridge Bank offers a full spectrum of tailored business banking solutions throughout the Bay Area and has specialized expertise, focused on life sciences and technology and innovation companies, at every stage in their life cycle, through its offices in major tech hubs across the country. Bridge Bank also serves the private equity and venture capital communities and provides business escrow services. As part of $65 billion Western Alliance Bancorporation — ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director — Bridge Bank has the reach, resources and deep industry knowledge that make a difference for customers.