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Bridge Capital Holdings Announces Shareholder Rights Plan

SOURCE:

Bridge Capital Holdings

2008-08-22 15:30:00

SAN JOSE, CA–(EMWNews – August 22, 2008) – Bridge Capital Holdings (NASDAQ: BBNK), whose

sole subsidiary is Bridge Bank, National Association, Silicon Valley’s

professional business bank, announced today that it has adopted a

Shareholder Rights Plan and declared a dividend distribution of one Right

for each outstanding share of the Company’s common stock. The plan is

designed to discourage takeovers that involve abusive tactics or do not

provide fair value to shareholders. The record date for the distribution

is September 2, 2008.

Each Preferred Share Purchase Right will entitle shareholders to buy one

one-hundredth of a share of the Company’s Series A Participating Preferred

Stock at an exercise price of $100.00. Each one one-hundredth of a share

of such Preferred Stock is intended to be the economic equivalent of one

share of the Company’s common stock. After a person or group acquires 10%

or more of the outstanding common stock or announces a tender offer, the

consummation of which would result in ownership by a person or group of 10%

or more of the outstanding common stock, the Rights will become exercisable

by persons other than the acquiring person, unless the Board of Directors

has approved the transaction in advance. Prior to the acquisition by a

person or group of 10% or more of the outstanding common stock, the Rights

are redeemable for $0.001 per Right at the option of the Board of

Directors. The Rights will expire on August, 21, 2018.

Daniel P. Myers, President and Chief Executive Officer, stated that, “The

adoption of the Shareholder Rights Plan is part of an ongoing effort by the

Board to protect and maximize the value of the shareholders’ investment in

the Company and to give them the optimum opportunity to participate in the

long-term value of the Company. After several months of consideration, the

Board determined that adopting the Shareholder Rights Plan is an effective

and reasonable method to safeguard the interests of our shareholders. We

are focused on building value for our shareholders, and our intent is to

continue our strategy. The purpose of the Shareholder Rights Plan is to

enable the Company to continue moving forward with these plans without

being subject to the distraction caused by tactics which may not maximize

value for all of our shareholders.”

About Bridge Capital Holdings

Bridge Capital Holdings is the holding company for Bridge Bank, National

Association. Bridge Capital Holdings was formed on October 1, 2004 and

holds a Global Select listing on The NASDAQ Stock Market under the trading

symbol BBNK. Visit Bridge Capital Holdings on the web at

www.bridgecapitalholdings.com.

About Bridge Bank, N.A.

Bridge Bank, N.A. is Silicon Valley’s full-service professional business

bank. The Bank is dedicated to meeting the financial needs of small,

middle-market, and emerging technology businesses. Bridge Bank provides

its clients with a comprehensive package of business banking solutions

delivered through experienced, professional bankers. Visit Bridge Bank on

the web at www.bridgebank.com.

Forward Looking Statements

In addition to historical information, this release includes

forward-looking statements, which reflect management’s current expectations

for Bridge Capital Holdings’s future financial results, business prospects

and business developments. Management’s expectations for Bridge Capital

Holdings’s future necessarily involve assumptions, estimates and the

evaluation of risks and uncertainties. Various factors could cause actual

events or results to differ materially from those expectations. The

forward-looking statements contained herein represent management’s

expectations as of the date of this release. Bridge Capital Holdings

undertakes no obligation to release publicly the results of any revisions

to the

forward-looking statements included herein to reflect events or

circumstances after today, or to reflect the occurrence of unanticipated

events. For those statements, the Company claims the protection of the safe

harbor for forward-looking statements contained in the Private Securities

Litigation Reform Act of 1995.

This press release contains forward looking statements within the meaning

of Section 27A of the Securities Act of 1933, as amended, and Section 21E

of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),

and as such, may involve risks and uncertainties. Forward-looking

statements, which are based on certain assumptions and describe future

plans, strategies, and expectations, are generally identifiable by the use

of words such as “believe,” “expect,” “intend,” “anticipate,” “estimate,”

“project,” or similar expressions. These forward-looking statements relate

to, among other things, expectations of the business environment in which

the Company operates, projections of future performance, potential future

performance, potential future credit experience, perceived opportunities in

the market, and statements regarding the Company’s mission and vision. The

Company’s actual results, performance, and achievements may differ

materially from the results, performance, and achievements expressed or

implied in such forward-looking statements due to a wide range of factors

which are set forth in our annual report on Form 10-K on file with the SEC.

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