Napa Valley, CA -- August 1, 2001 -- Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, announced it provided Oracle Vineyard with a credit facility to further develop its vineyards. Dundee, Oregon-based Oracle Vineyard will provide grapes solely to Westrey Wine Company for its nationally recognized wines.
"We greatly appreciate Silicon Valley Bank's understanding of Oracle Vineyard's vision," said Tito Autrey, partner of Oracle Vineyard. "This line of credit will enable us to begin planting our new Pinot Noir clones and restore wonderful old vines that have historically produced award-winning wines."
David Autrey, partner of Westrey Wine Company added, "The Bank's funding of Oracle Vineyard is the completion of Westrey Wine Company's goal of becoming an estate winery. With Oracle Vineyard, Westrey will finally be able to control a majority of its fruit from ground to the bottle."
"This is a great opportunity for the Bank to increase our commitment to the high-end Oregon wine industry," said Rob McMillan, Silicon Valley Bank's Industry Specific Finance division manager. "Oracle has a great vineyard site and will soon be providing fruit to a well-established, well-regarded label in Westrey."
About Oracle Vineyard
Located in the Red Hills of Dundee, Oregon, Oracle Vineyard is dedicated to growing exceptional Pinot Noir, Chardonnay and Pinot Gris through the utilization of the farming techniques that protect the environment and foster the terroir of the site. Oracle Vineyard intends to provide grapes solely to Westrey Wine Company to increase the production of Westrey's nationally recognized Pinot Noir, Chardonnay and Pinot Gris wines.
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.
SVB Contact: Andrea McGhee, (408) 654-3078, email@example.com.