SANTA CLARA, Calif., BOSTON and DENVER - January 14, 2008 - SVB Silicon Valley Bank, the premier commercial bank for technology and life science companies of all sizes, announced the formation of a dedicated cleantech practice and appointed Quentin Falconer to lead its business development efforts for the cleantech industry. Increasing activity in the cleantech field and continued investment in the sector by venture capital firms led SVB to establish a dedicated effort for the sector. SVB Silicon Valley Bank has worked with more than 100 cleantech companies since 2005.
SVB works closely with emerging and venture capital-backed companies as well as large, established firms in most technology and life science industries. SVB currently banks half of all venture-backed companies nationwide.
"Supporting the cleantech sector is a natural extension of SVB's emerging technology expertise and our partnerships with entrepreneurs and the venture capital community," said Matt Maloney, head of client relationships for SVB Silicon Valley Bank's Western region. "One of our main objectives working with entrepreneurs is to support the development and monetization of new technologies. Based on his extensive experience working with emerging technologies, Quentin is perfectly suited to lead this effort and bring SVB's unique approach to the rapidly growing number of cleantech companies."
In support of SVB's cleantech efforts nationwide, Falconer is responsible for coordinating the company's cleantech experts in its Central and Eastern regions as well. Senior bankers Frank Amoroso in Denver and Dave Rodriguez in Boston are also part of SVB's cleantech team.
Formerly an engineer with Bechtel Corporation, Falconer began his commercial banking career in 1990 and has been with SVB Silicon Valley Bank since 1999 working with emerging and mid-stage technology companies. He provides and oversees commercial banking, investment management and global treasury services for his portfolio of clients. Falconer sits on the Advisory Council for the Berkeley Entrepreneurs Forum and is a member of Financial Executives International. He earned a Bachelor of Science degree in mechanical engineering (BSME) and a Bachelor of Arts degree in economics and music from Tufts University. He also has an MBA from UC Berkeley's Haas School of Business. Falconer is a Chartered Financial Analyst (CFA) charterholder.
SVB Silicon Valley Bank helps its clients succeed through innovative financial solutions, exceptional client service, and special networking and training events for clients and partners. SVB recently hosted a cleantech event at its Santa Clara headquarters in which government, financial and industry representatives discussed policies and financial resources for the cleantech sector..
About SVB Silicon Valley Bank
SVB Silicon Valley Bank provides commercial banking services to emerging growth and mature companies in the technology, life science, private equity and premium wine industries. 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 three international operations. SVB Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB), along 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. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve.