SANTA CLARA, CA
- November 19, 2001 - Silicon Valley Bank (the "Bank"), a
wholly owned subsidiary of Silicon Valley Bancshares, announced
today the opening of its South Bay Division's satellite office
in Fremont, California at 39141 Civic Center Drive, Suite
The new office will support Silicon Valley Bank's South Bay
Division, which provides financial services to more than 1200
technology and life sciences companies. In Fremont and its
surrounding areas specifically, the Bank serves nearly 300
"Being physically closer to clients that were previously
served out of our Santa Clara office means we can be more
responsive to their needs," said Chris Coleman, Silicon Valley
Bank's South Bay Division manager. "Our expansion here is
indicative of the area's growing concentration of technology
companies. It also reflects our commitment to the industry by
looking beyond short-term challenges in the economy."
The opening of the Fremont office is part of the Bank's
ongoing physical expansion in the San Francisco Bay Area.
"This office will allow the Bank to better respond to shifts
in South Bay market conditions," said Coleman. "It will also
increase our visibility in the local marketplace - a fact that
will help us attract new clients and continue to grow our
Silicon Valley Bank serves emerging growth and middle market
companies in targeted niches, focusing on technology and life
sciences, while also addressing other specific industries in
which it can provide a higher level of service and better
manage credit through specialization and focus.
The Bank operates throughout the Silicon Valley: Santa
Clara, Palo Alto and Sand Hill, the center of the venture
capital community in California. Other regional offices within
California include: Irvine, Los Angeles, Napa Valley, San
Diego, San Francisco, Santa Barbara, and Sonoma. Office
locations outside of California include: Phoenix, Arizona;
Boulder, Colorado; West Palm Beach, Florida; Atlanta, Georgia;
Chicago, Illinois; Boston, Massachusetts; Minneapolis,
Minnesota; Durham, North Carolina; Portland, Oregon;
Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas;
Northern Virginia; and Seattle, Washington.
Andrea McGhee, (408) 654-3078, email@example.com.