Santa Clara, CA
-- September 12, 2001 -- Silicon Valley Bank (the "Bank"), a
wholly owned subsidiary of Silicon Valley Bancshares, announces
that it remains open to handle its clients' banking needs.
However, because of yesterday's terrorist attacks in New
York, the Bank's New York regional office will remain closed
until deemed appropriate to re-open. If you are a client of the
New York office, please direct calls to the Bank's Boston
office at (617) 630-4100.
All service providers are operating business as usual with
the exception of the Client Investments (IPS). IPS may be able
to handle limited Money Market Mutual Fund transactions,
subject to market availability.
The Bank will also extend the following offerings to its
clients until the financial markets re-open:
- IPS may be able to offer a very limited fixed income
security product, subject to market availability.
- Supplemental Investment Deposit Account
- No minimum amount.
- Interest rate of 3.73%.
- FDIC insured up to $100,000.
Please contact your relationship manager today for more
information about these offerings, credit facilities or other
financial needs that may arise during this national crisis.
From everyone at Silicon Valley Bank, our prayers and
thoughts are with those affected by the horrific tragedy
yesterday. Silicon Valley Bank will be holding a blood drive on
September 13, 2001 to support all the injured people affected
by this national crisis. All blood donations will be directly
sent to New York, NY and Washington, DC.
About Silicon Valley Bank
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.