Daniel P. Myers, President and Chief Executive Officer of Bridge Bank, National Association, today announced the official launch of the Bridge Capital Finance Group, and the appointment of two Silicon Valley commercial finance veterans to oversee the new unit.
"We have launched the Capital Finance Group to provide to our business clients creative finance solutions that do not typically fall into traditional bank debt standards," said Mr. Myers. "The group's products will include factoring services, non-recourse accounts receivable purchases, asset-based lending, and vendor assurance."
Mr. Myers said that the bank has appointed two highly experienced commercial finance executives to run the Bridge Capital Finance Group.
They are Michael J. Field, who will serve as Executive Vice President of Bridge Bank's new unit; and, Lee J. Shodiss, who will serve as Senior Vice President and Manager.