SEATTLE, May 22, 2008 - Celebrating the company's 25th anniversary and its 12th year in Seattle, Silicon Valley Bank will officially open its new Fifth Avenue location in downtown Seattle today. Silicon Valley Bank is the premier provider of diversified financial services to companies in the technology, life science, private equity and premium wine industries and serves half of the venture capital-backed technology and life science companies in the Pacific Northwest as well as across the U.S.
Silicon Valley Bank opened its Washington office in Kirkland in 1996 and today employs 18 people in its Seattle office. SVB's local team offers a sophisticated financial product set tailored for start-up companies as well as services geared toward large, established firms. Silicon Valley Bank is a financial partner to several hundred technology, life science and private equity firms in Washington state.
"The current economic situation only strengthens our commitment to the success of Northwest technology, life science and private equity companies," said Bruce Helberg, Silicon Valley Bank's Pacific Northwest market manager. "Our Seattle team has the experience and market knowledge to help clients of all sizes weather the economic cycle and meet our growth objectives in Washington."
As a member of SVB Financial Group, Silicon Valley Bank offers its clients commercial, investment and international financial services, as well as private banking and corporate valuations. The company also offers funds management, broker-dealer transactions, asset management and an extensive range of services for private equity companies and venture capital firms.
Silicon Valley Bank will conduct all of its business activities in Washington state from its new Seattle location.
For more information on SVB and a complete list of products and services, please visit www.svb.com or www.svb.com/services.
About Silicon Valley Bank
Silicon Valley Bank is the premier commercial bank for emerging, growth and mature companies in the technology, life science, private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices and five international operations. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB), with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services.
Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve.