(Bridgehampton, NY – December 8, 2015) The Bridgehampton National Bank (BNB), a wholly owned subsidiary of Bridge Bancorp, Inc. (the "Company") (NASDAQ: BDGE), has announced the formation of the Equipment Financing and Leasing Department. James Thompson has been retained as Senior Vice President, Corporate Director Equipment Finance.
Mr. Thompson brings over 25 years of banking and finance experience to his new position. He began his career with National Westminster Bank in 1987, where he remained with the bank and its successor, Bank of America, for nearly a decade. He then became an independent leasing broker, establishing his own company, All Equipment Capital & Leasing, Inc. in 1999. Most recently, he served as Senior Vice President, Director of Equipment Finance with Astoria Bank, spearheading the bank's efforts to establish its own Equipment Financing product. He was instrumental in the successful expansion of this business segment on Long Island. In his role at BNB, Mr. Thompson is charged with developing and servicing the equipment financing needs of existing customers and attracting new customers in all markets.
"Jim's proven experience and equipment financing knowledge has already made him a key addition to BNB," noted Kevin L. Santacroce, Executive Vice President, Chief Lending Officer. He will play an integral role in launching this new area of business for the bank and our customers."
The BNB Equipment Financing department will offer businesses benefits in payment flexibility, speed of access, as well as competitive financing options. Computers, Construction Equipment, Food Processing and Manufacturing are some of the areas that the new department will focus on.
Established in 1910, BNB has assets of approximately $3.5 billion and operates 40 retail branch locations serving Long Island and the greater New York metropolitan area. In addition, the Bank operates two loan production offices: one in Manhattan, and one in Riverhead, New York. Through its branch network and its electronic delivery channels, BNB provides deposit and loan products and financial services to local businesses, consumers and municipalities. Title insurance services are offered through BNB's wholly owned subsidiary, Bridge Abstract. Bridge Financial Services, Inc. offers financial planning and investment consultation. BNB also has a rich tradition of involvement in the community, supporting programs and initiatives that promote local business, the environment, education, healthcare, social services and the arts. For more information visit www.bridgenb.com.