SANTA CLARA, Calif., January 31, 2005 - Silicon Valley Bancshares (Nasdaq: SIVB), the diversified financial services holding company of Silicon Valley Bank, announced C. Richard Kramlich, will join its board of directors effective February 1, 2005. Kramlich, general partner and co-founder of the venture capital firm New Enterprise Associates, has been an advisory member of the Silicon Valley Bancshares board since 2003. With over 30 years working with entrepreneurs in Silicon Valley, Kramlich brings invaluable expertise and perspective to Silicon Valley Bancshares as it continues to broaden its services for private equity and technology markets worldwide.
"In over two successful decades of working with venture
capitalists and entrepreneurs, Silicon Valley Bancshares has
never stopped innovating, refining and perfecting its approach to
help entrepreneurs succeed. Dick Kramlich has and will continue
to be an invaluable advisor in that effort," said Alex W. "Pete"
Hart, chairman of the board of Silicon Valley Bancshares and
Silicon Valley Bank. "When it comes to legendary Silicon Valley
figures, Dick is about as good as it gets. We've appreciated his
insight as an advisory board member and we greatly look forward
to his full-time board participation."
Kramlich's venture capital investment experience spans a broad
range of technically oriented companies and he recently served as
the chairman and president of the National Venture Capital
Association. Prior to joining New Enterprise Associates, Kramlich
was a general partner of Arthur Rock & Associates and
executive vice president of Gardner & Preston Moss. He
received a master's degree in business administration from the
Harvard University Graduate School of Business and a bachelor of
science degree in history from Northwestern University.
Kramlich's present board memberships include Celetronix, Decru,
Fabric7 Systems, Financial Engines, Force10 Networks, Foveon,
Informative, Visual Edge Technology and Zhone Technologies
(Nasdaq: ZHNE). Previous board memberships included 3Com
Corporation (Nasdaq: COMS), Ascend Communications (acquired by
Lucent Technologies), Dallas Semiconductor (acquired by Maxim
Integrated Products), Healtheon/WedMD (Nasdaq: HLTH), Immunex
(acquired by Amgen), InfoGear (acquired by Cisco Systems),
Juniper Networks (Nasdaq: JNPR), Macromedia (Nasdaq: MACR),
NetSolve (Nasdaq: NTSL) and Semiconductor Manufacturing
International (SMIC) (NYSE: SMI).
About Silicon Valley Bancshares
For 20 years, Silicon Valley Bancshares, a financial holding
company offering diversified financial services, has provided
innovative solutions to help entrepreneurs succeed. The company's
principal subsidiary, Silicon Valley Bank, serves emerging growth
and mature companies in the technology, life science, private
equity and premium wine industries through 26 offices in the U.S.
and two subsidiaries in the U.K. and India. Headquartered in
Santa Clara, Calif., the company offers its clients commercial,
investment and private banking, funds management and private
equity services, as well as the added value of its knowledge and
networks. Merger, acquisition, private placement and corporate
partnering services are provided through the company's investment
banking subsidiary, SVB Alliant. More information on the company
can be found at www.svb.com.