MENLO PARK, Calif., June 21, 2016 /PRNewswire/ -- Bridge Bank today announced the opening of a new Menlo Park loan production office on famed Sand Hill Road, the headquarters for its Equity Fund Resources (EFR) Group. This move underscores Bridge Bank's continued commitment to being the go-to-resource for small and medium-sized businesses, the private equity community and the diverse industries they serve. The new office is part of Bridge Bank's broader plans to expand the EFR Group and Sand Hill Road is an ideal location to forge even deeper relationships with the neighboring venture capital and private equity communities focused on technology and life science companies. The Menlo Park location will not be a full service banking office and will not accept deposits or open bank accounts.
"Our goal for Bridge Bank's EFR Group is to create a robust ecosystem of equity fund associates and venture capital investors," said Michael David, SVP and managing director of the Equity Fund Resources Group at Bridge Bank. "Sand Hill Road is at the epicenter of this world and our new office and EFR team are now well positioned as part of this community."
Founded in September 2015 as a central hub for the venture capital and private equity communities, the group builds on Bridge Bank's success as a leading technology lender by offering a comprehensive suite of customized banking services. The EFR Group works with early- to growth-stage companies across a variety of sectors throughout the U.S. with locations in Silicon Valley, Southern California, the Northeast, and the mid-Atlantic region. It caters to the VC and private equity communities and the portfolio companies they back.
The new Menlo Park office neighbors some of the world's most prestigious and long-standing VC firms – an important factor considering most of Silicon Valley's success stories have received backing from one or more Sand Hill Road venture capital firms. Located at 2735 Sand Hill Road, the new Bridge Bank office was designed by Anne Sneed Architectural Interiors and has four executive suites, as well as a larger common area to accommodate the EFR Group's continued expansion. With the addition of this location, Bridge Bank now has 10 offices and is growing in major markets across the country.
About Bridge Bank
Bridge Bank is a division of Western Alliance Bank, 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 10 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 $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.
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SOURCE Bridge Bank