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Bridge Capital Holdings Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2010

Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, announced today its financial results for the fourth quarter and year ended December 31, 2010.

The Company reported net operating income of $149,000 for the three months ended December 31, 2010 representing a decrease of $1.2 million, or 89%, from $1.3 million in the quarter ended September 30, 2010 and a decrease of $1.3 million, or 89%, compared to net operating income of $1.4 million for the same period one year ago.

Net income available to common shareholders was reduced by preferred dividends of $298,000 resulting in a loss per diluted common share of $(0.01) for the fourth quarter of 2010. Net income available to common shareholders was reduced by preferred dividends of $299,000 during the third quarter of 2010 and $1.1 million for the quarter ended December 31, 2009, resulting in earnings per diluted common share of $0.09 and $0.05, respectively.

The Company reported net operating income of $2.6 million for the twelve months ended December 31, 2010 representing an increase of $1.2 million, compared to net operating income of $1.4 million for the same period one year ago. Net income available to common shareholders was reduced by preferred dividends of $2.0 million and $4.2 million during the years ended 2010 and 2009, respectively, resulting in earnings per diluted share of $0.06 and a loss per diluted share of $(0.42), respectively.

For the quarter ended December 31, 2010, the Company’s return on average assets and return on average equity were 0.06% and 0.47%, respectively, and compared to 0.66% and 5.11%, respectively, for the same period in 2009. For the twelve months ended December 31, 2010, the Company’s return on average assets and return on average equity were 0.29% and 2.26%, respectively, and compared to 0.17% and 1.30%, respectively, for the same period in 2009.

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