Silicon Valley Bank Expands in New York
Company news | April 17, 2017
Moves to a larger office in Midtown South to support region’s growing client base
NEW YORK–– April 17, 2017—Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, announced its expansion in Manhattan to be in a better position to serve the city’s increasing number of innovation companies. The new office is north of Madison Square Park, providing more space for the local team to support New York-based technology and life science companies.
“New York is an incredibly important innovation hub, and we work with a vibrant group of entrepreneurs and investors involved in technology and life science here,” said Melissa Stepanis, Market Manager in New York for Silicon Valley Bank. “Many of our clients are clustered in the Flatiron, Madison Square Park area, so we wanted to closely position ourselves to better serve our growing client base.”
Silicon Valley Bank, which was founded in 1983 to serve the technology sector, is headquartered in Santa Clara, CA and opened its first office in the New York City area in 2000. The company will take over approximately 12,800 square feet when it moves to the new office at 387 Park Avenue South. SVB has more than 55 full time employees in New York.
More information about Silicon Valley Bank in New York is available at www.svb.com/new-york/.
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.
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