Expertise and Community Connection of Former Comerica Ventures
SVPComplement Seasoned Venture Capital and Emerging Technology
Team
Palo Alto, CA - September 23, 2002 -
Silicon Valley Bank, a wholly owned subsidiary of Silicon Valley
Bancshares (SVB), today announced that Tim Bubnack has joined its
Southern California Venture Capital and Emerging Technology
division. Bubnack previously served in senior executive positions
at Comerica Ventures, Inc. and Comerica Capital Advisors and
augments the Bank's already considerable connections and
experience in Southern California with more than 13 years of
technology investment and financial expertise.
"Tim is a seasoned veteran with a successful track record in
providing debt and equity products to early stage and growth
technology companies," said Terry Bess, Southern California
region manager. "He is well-known and respected in the Southern
California financial community and his decision to join us sends
a strong signal that Silicon Valley Bank is the right place for
startup and emerging tech investment."
As a Director at the Bank's San Diego offices, Tim will serve as
the venture capital liaison for Southern California focusing
primarily on local emerging technology clients. In this new role,
he will focus on identifying new banking and investment
opportunities, and take an active role in managing existing
client relationships. This includes a key role in support of the
Bank's venture capital clientele in Southern California.
"Our San Diego office has grown by 25 percent in the past year,
as we've added staff to accommodate our increased share of the
local market and support our continued market expansion," said
Managing Director, John Otterson. "Tim knows from long experience
what it takes for a start-up technology company to grow and
ultimately succeed; his financial experience will be a tremendous
addition to an already seasoned team."
Before joining SVB, Tim served as senior vice president of
Comerica Ventures and Comerica Capital Advisors, where he was
responsible for identifying and assessing venture investment
opportunities. Before joining Comerica, he was Senior Vice
President of Imperial Bank's Southern California Emerging Growth
Division, which he co-founded in February of 1998. Prior to
Imperial, Tim was a Vice President with First Interstate Bank's
Corporate Banking Division in San Diego.
"I have a great passion for working with entrepreneurs and
helping early-stage technology companies develop into industry
leaders. Silicon Valley Bank is committed to serving the
entrepreneur and the venture capital community and is better
positioned than any bank locally or nationally to support the
transition from early stage to industry leader," Bubnack said.
Tim holds a bachelor's degree in business economics from the
University of San Diego and is very active in the local
professional community. He is involved in UCSD CONNECT, the
Software and Industry Council, the San Diego Venture Group, and
the Southern California Tech Coast Angels. He is also a member of
the Board of Directors of the San Diego Regional Technology
Alliance, an advisory board member of San Diego State's
Entrepreneurial Management Center, and an advisory committee
member of University of San Diego's Donald P. Shiley Center for
Science and Technology.
About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and mature companies
in the technology and life sciences markets, as well as other
targeted industries. 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 Bank serves
more than 9,500 clients across the country through 27 regional
offices. More information on the Bank can be found at
www.svb.com.
SVB Contact:
Meghan O'Leary, Director of Public Relations, (408)
654-6364
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Southern California Financial Industry Veteran Joins Silicon Valley Bank
Company news | September 24, 2002