Bridge Capital Holdings is likely to accept deposit registered warrants issued by the State of California. However, the bank said that acceptance of the State warrants will be limited to current Bridge Bank deposit clients.
It is up to each bank to accept or not to accept for deposit registered warrants issued by the State of California. While Bridge Bank will accept for deposit registered warrants, the bank reserves the right to discontinue this practice at any time.
Timothy Boothe, Executive Vice President and COO of Bridge Bank, said: “We are committed to supporting our business clients, especially during these extraordinary challenging times. To the extent that we can soften the impact of the State’s current budget issues on the cash flow of our clients, we will.”
California-based Bridge Capital Holdings is the holding company for Bridge Bank, National Association.
