SAN FRANCISCO, Sept. 30, 2016 /PRNewswire/ -- Silicon
Valley Bank (SVB), the bank of the world's most innovative
companies and their investors, announced plans to expand its
San Francisco presence in 2017 to
be in a better position to serve the city's increasing number
of innovation companies. The new office will be in the South of
Market district, providing more space for the local team to support
the vibrant technology and life science companies headquartered
here.
"San Francisco has become an
important hub for innovation and has attracted talented people who
want to build their companies here and hire from this tech-savvy
workforce," said John China, head of
relationship banking at Silicon Valley Bank. "It's an ideal
location for SVB and our own employees to better serve our growing
client base in the area."
Silicon Valley Bank, which was founded in 1983 to serve the
technology sector, is headquartered in Santa Clara, CA and opened its first office in
San Francisco in 1999. The company
will take over approximately 54,000 square feet when it moves to
the new office at 505 Howard Street. SVB has more than 270
employees in San Francisco.
More information about Silicon Valley Bank is available at
www.svb.com.
About Silicon Valley Bank
For more than 30 years,
Silicon Valley Bank (SVB) has helped innovative companies and their
investors move bold ideas forward, fast. SVB provides targeted
financial services and expertise through its offices in innovation
centers around the world. With commercial, international and
private banking services, SVB helps address the unique needs of
innovators. Learn more at svb.com.
Silicon Valley Bank is the California bank subsidiary and commercial
banking operation of SVB Financial Group (Nasdaq: SIVB), and
a member of the FDIC. Silicon Valley Bank and SVB Financial Group
are members of the Federal Reserve System.
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SOURCE Silicon Valley Bank