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Silicon Valley Bank Receives Branch Licence from Financial Services Authority
Company news | April 26, 2012
LONDON –– April 26, 2012 — Silicon Valley Bank, financial partner to technology and life science companies of all sizes worldwide, has been granted a licence by the Financial Services Authority to open a branch in the UK. The licence will allow Silicon Valley Bank to offer local banking products and services, including current and deposit accounts, local loans, cash management services and foreign exchange transactions.
This licence is a milestone in Silicon Valley Bank's global growth, supporting its strategy to help innovative companies and their investors succeed around the world.
Silicon Valley Bank's UK branch is expected to officially open within the next 6-10 weeks.
About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 27 U.S. offices and seven international operations in China, India, Israel and the UK. (Nasdaq: SIVB) www.svb.com.
Silicon Valley Bank UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146).
Contacts:
Elly Gilbert
Silicon Valley Bank – UK
+44 (0)20 7367 7813
egilbert@svb.com
Carrie Merritt
Silicon Valley Bank - US
+1 503 574 3705
cmerritt@svb.com
This licence is a milestone in Silicon Valley Bank's global growth, supporting its strategy to help innovative companies and their investors succeed around the world.
Silicon Valley Bank's UK branch is expected to officially open within the next 6-10 weeks.
About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 27 U.S. offices and seven international operations in China, India, Israel and the UK. (Nasdaq: SIVB) www.svb.com.
Silicon Valley Bank UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146).
Contacts:
Elly Gilbert
Silicon Valley Bank – UK
+44 (0)20 7367 7813
egilbert@svb.com
Carrie Merritt
Silicon Valley Bank - US
+1 503 574 3705
cmerritt@svb.com