SVB News

CHICAGO - January 17, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced it provided iTRACS Corporation with a $7.5 million working capital line of credit. iTRACS, the global leader in physical infrastructure network management solutions,...

SAN DIEGO - January 17, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced it provided NextGig, Inc. with an equipment term loan. San Diego-based NextGig, a leading developer of database infrastructure products, will use the financing for equip...

THIS IS A PRELIMINARY EARNINGS RELEASE SUBJECT TO FINAL COMPANY APPROVAL. ACTUAL RESULTS MAY DIFFER IN THE FINAL PRESS RELEASE. THIS PRELIMINARY RELEASE IS BEING ISSUED BECAUSE OF AN INADVERTENT EARLY MAILING OF THE COMPANY'S PRELIMINARY RESULTS LAST EVENING, TO THE COMPANY'S EMPLOYEES. THE FINAL PR...

WEST PALM BEACH, FL - January 15, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced it established a banking relationship which provided a line of credit to Xytrans, Inc., a pioneer in the wireless broadband revolution. Xytrans is a lead...

SAN DIEGO - January 9, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced it provided RF Magic, Inc. with $1.5 million in equipment financing. RF Magic will use the financing to acquire the equipment and software necessary to support the ...

ATLANTA - January 8, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced it provided Viewlocity, Inc., with a $3.5 million line of credit. Viewlocity is the global provider of Supply Chain Event Management (SCEM) software and services. The...

SANTA CLARA, CA - January 7, 2002 - Silicon Valley Bancshares (the "Company"), parent company of Silicon Valley Bank (the "Bank"), today announced the appointment of Lauren Friedman as its Chief Financial Officer. In making the announcement, Silicon Valley Bank President and CEO Kenneth P. Wilcox sa...

SANTA CLARA, CA - January 7, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced the appointment of Jane Lodato as the Head of Marketing. Ms. Lodato will assume a newly created position that reflects the Bank's commitment to branding and c...

Chicago location enables Bank to serve clients more effectivelyCHICAGO - December 20, 2001 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced the opening of its new downtown Chicago office at 230 West Monroe, Suite 720. The new location will b...

New credit facility better suited to Verso's business objectivesATLANTA, Georgia (December 19, 2001) - Verso Technologies, Inc. (Nasdaq NMS: VRSO), an integrated switching solutions company that is adapting cost savings of IP networks to the unique requirements of voice, today announced that it...