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Silicon Valley Bank Promotes Denver-Based Risk Manager

Company News  | 

BROOMFIELD, Colo., March 4, 2008 - SVB Silicon Valley Bank, a leading provider of diversified financial services to companies in the technology, life science, private equity and premium wine industries, announced the promotion of Derek Ridgley to risk manager of the company's Central Division. In his new role, Ridgley will oversee risk management and underwriting for the 28-state division and fulfill a senior leadership role alongside the division manager, Scott Bergquist. SVB Silicon Valley Bank is a member of SVB Financial Group (Nasdaq: SIVB).

"One reason the SVB model is so successful is that our risk management team works in partnership with our lenders to deliver optimal business solutions for our clients," said Scott Bergquist, Central Division manager, SVB Silicon Valley Bank. "Derek has the kind of diverse banking experience that is perfectly suited for this role, and I am thrilled to welcome his expanded leadership and partnership across the division."

SVB opened its first office in Colorado in 1996 and currently works with more than half of all venture-backed technology and life science companies throughout the Rocky Mountain region. Today, as SVB celebrates its 25th anniversary, its diverse services and global banking platform allow the company to serve the needs of large technology and life science companies as well.

Ridgley has more than 20 years of technology banking experience and has served SVB in a variety of roles, including lending, relationship management and advisory services, since joining the company in 1997. Most recently he was instrumental in defining and building the product and client advisory services teams, which he led for the Central Division.

Ridgley has served in leadership positions on the boards of several technology industry organizations including the Oregon Entrepreneurs Network, the Entrepreneurs Foundation of Oregon and the Software Association of Oregon. He has also been a member of AeA and Northwest Venture Group and a volunteer with the United Way.

Ridgley earned a bachelor's degree from Cornell University and is based in Broomfield, Colo.

About SVB 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 as well as operations in China, India, Israel and the UK. 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.

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