Moves to a larger office in Cottonwood Heights to support region’s
growing client base
LAKE CITY–– May 24, 2017—Silicon Valley Bank (SVB), the bank of the world’s most innovative
companies and their investors, today announced it will move to a larger office
in the Salt Lake City area in 2018. The new office is in Cottonwood Heights, providing
more space for the local team to support Utah-based technology and life science
companies, as well as the global operations for the company.
Utah innovation economy has experienced dramatic growth in the last 10 years,”
said Gary Jackson, managing director for Silicon Valley Bank in Salt Lake City.
“The quality and diversity of local companies forming along with greater VC
investment in the region have created a robust ecosystem. Our new, larger space
will allow us to foster increased collaboration with our clients and the
Valley Bank, which was founded in 1983 to serve the technology sector, is
headquartered in Santa Clara, Calif. and opened its first office in the Salt
Lake City area in 2005. The company will take over approximately 28,000 square
feet when it moves to the new office at 2750 Cottonwood Parkway. SVB has more
than 75 full time employees in Salt Lake City.
about Silicon Valley Bank is available at www.svb.com.
About Silicon Valley Bank
For more than
30 years, Silicon Valley Bank (SVB) has helped innovative companies and their
investors move bold ideas forward, fast. SVB provides targeted financial
services and expertise through its offices in innovation centers around the
world. With commercial, international and private banking services, SVB helps
address the unique needs of innovators. Learn more at svb.com.
Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK,
MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial
Group, used under license. Silicon Valley Bank is a member of the FDIC and the
Federal Reserve System. Silicon Valley Bank is the California bank subsidiary
of SVB Financial Group (Nasdaq: SIVB).