DALLAS, Texas, February 26, 2008 - SVB Silicon Valley Bank, the premier commercial bank nationwide for technology and life science companies of all sizes, appointed Travis Wood to lead its business development efforts in the Dallas / Fort Worth area. Wood is working closely with Head of Relationship Management Brian Brown and he is taking over the position from Robert Sureck who is now SVB's market manager for all of Texas. SVB Silicon Valley Bank is a member of SVB Financial Group (Nasdaq: SIVB).
SVB opened its doors in Texas in 1996 and today employs 21 people in its Austin and Dallas offices. SVB serves companies of all sizes in Dallas, Fort Worth, Austin, San Antonio and Houston. In 2007, SVB's Dallas-based team was awarded the Technology Advocate award by the Metroplex Technology Business Council in North Texas. The award recognizes outstanding leadership by a company that accelerates the performance of its technology clients.
"With additional leadership in the Dallas market, we will have more opportunity to bring the benefits of our diverse financial platform and expertise to local technology companies," said Robert Sureck, Texas market manager for SVB Silicon Valley Bank. "Travis is a great addition to our team, with several years of experience in technology banking and a history in Dallas. We look forward to his contributions and know he will be a valued and contributing member of the local technology community."
Silicon Valley Bank is celebrating its 25th year in 2008. Throughout its history, SVB has been dedicated to the financial needs of entrepreneurial companies and today, its diverse services and global banking platform allow it to serve the needs of large technology and life science companies as well.
As the head of business development for Northern Texas, Wood is responsible for introducing new companies to SVB Silicon Valley Bank's dedicated industry approach and capabilities. Wood worked in SVB's Dallas and Austin offices, before his most recent position running the company's Arizona office where he was also responsible for the New Mexico and Nevada markets. Wood has worked with a variety of technology and life science companies in software, semiconductor, communications, medical devices and drug discovery industries. Wood is a graduate of the University of Texas at Austin.
Sureck is the market manager for SVB Silicon Valley Bank's Texas region, responsible for driving new client relationships while closely monitoring the business and economic issues affecting the technology and private equity industries in Texas. Sureck opened SVB's Dallas office after working with Chase Manhattan Bank's Middle Market and Technology Groups. Sureck is a board member for Texchange - Dallas and serves on the programming committee for the AeA Texas Council CFO Forum.
About SVB Silicon Valley Bank
SVB 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 an extensive range of treasury management services, financing solutions, corporate investment vehicles and international services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, SVB 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 operations in China, India, Israel and the UK. SVB Silicon Valley Bank is a member of global financial services firm SVB Financial Group, with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.
SVB Silicon Valley Bank refers to Silicon Valley Bank, 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.