Bridge Capital Holdings Inc. in San Jose is opening a third loan office on the East Coast to lend to emerging technology companies.
The parent of the $1.2 billion-asset Bridge Bank said that the new Charlotte office will target startups whose financing needs it believes are not being met by the region's lenders. The company has hired asset-based lending veteran Jerry Younts to head the new office.
"We see an opportunity to bring financial solutions to firms in the Southeast — a region where we have already experienced success and yet still remains underserved," said Lee Shodiss, senior vice president and group manager of the Bridge Capital Finance Group. "Jerry's vast market knowledge and years of experience in asset-based lending will help the bank reach and serve more companies who need a better banking alternative."
Bridge was founded in 2001 primarily to serve the technology sector. It has two branches in Silicon Valley and loan offices in Dallas, Boston and Reston, Va.