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Silicon Valley Bank Receives Branch Licence from Financial Services Authority

Company News  | 

LONDON –– April 26, 2012 — Silicon Valley Bank, financial partner to technology and life science companies of all sizes worldwide, has been granted a licence by the Financial Services Authority to open a branch in the UK. The licence will allow Silicon Valley Bank to offer local banking products and services, including current and deposit accounts, local loans, cash management services and foreign exchange transactions.

This licence is a milestone in Silicon Valley Bank's global growth, supporting its strategy to help innovative companies and their investors succeed around the world.
Silicon Valley Bank's UK branch is expected to officially open within the next 6-10 weeks.

About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 27 U.S. offices and seven international operations in China, India, Israel and the UK. (Nasdaq: SIVB) www.svb.com.

Silicon Valley Bank is registered in England and Wales at 41 Lothbury, London, EC2R 7HF, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the Financial Services Authority, FSA reference number [577295]. 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 System. SVB Financial Group is also a member of the Federal Reserve System.

Contacts:
Elly Gilbert
Silicon Valley Bank – UK
+44 (0)20 7367 7813
egilbert@svb.com

Carrie Merritt
Silicon Valley Bank - US
+1 503 574 3705
cmerritt@svb.com
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