SVB Silicon Valley Bank Reinforces Expertise in San Diego, Accommodates Larger Clients

Company news  |  October 1, 2007

SAN DIEGO, Calif., October 1, 2007 - SVB Silicon Valley Bank, the premier commercial bank nationwide for technology and life science companies of all sizes, appointed Andy Pelletier to lead its business development efforts in San Diego. Pelletier is focused on bringing SVB Financial Group's diverse financial platform to technology and life science companies throughout the region. SVB has been working closely with venture capital-backed companies in the San Diego market since it opened here in 1995 and currently banks half of all venture-backed companies nationwide. SVB Silicon Valley Bank, located in 27 cities across the U.S., is the commercial banking subsidiary of SVB Financial Group (Nasdaq: SIVB).

For nearly 25 years, SVB Silicon Valley Bank has been dedicated to the financial needs of entrepreneurial companies. Today, SVB's diverse services and sophisticated, global banking platform allow it to serve the needs of large technology and life science companies as well.

"Most people know us for our early stage expertise, but we're adding significantly to our business by offering products and services that accommodate all sizes of technology and life science companies," said Greg Becker, chief operating officer, SVB Silicon Valley Bank. "The senior managers we have placed in-market will help us bring our unique approach to the vast number of growing technology and life science companies in San Diego. It's a great market for us and we're excited about the opportunity we have with San Diego's innovative companies, large and small."

Pelletier, formerly of SVB Silicon Valley Bank in Boston, joins Frederick "Buzz" Kreppel and Michael White as part of SVB's leadership team in San Diego, which brings financial expertise and critical business relationships with investors and companies from around the country to San Diego. Pelletier is responsible for leading SVB Silicon Valley Bank's new business development, which includes a variety of lending, investment and global cash management solutions tailored to SVB's targeted clients. In addition to global commercial banking, SVB Silicon Valley Bank also offers San Diego companies valuation services, funds management, private banking and global consulting. For more information about SVB's services, clients may call Andy Pelletier at 858.784.3300 or visit

Pelletier has more than 20 years experience working with public and private companies and their shareholders as a corporate banker, corporate finance advisor and personal wealth strategist at SVB Silicon Valley Bank and FleetBoston Financial. He has been active in professional and community groups including the Association for Corporate Growth, the MIT Forum, Family Firm Institute, Mass High Tech Council, TiE Boston and Big Brothers Big Sisters, among others.

Pelletier earned a bachelor's degree in finance from Georgetown University and a master's in business administration from the University of New Hampshire's Whittemore School.

SVB Silicon Valley Bank makes every effort to help its clients succeed through innovative financial solutions, exceptional client service as well as special networking and training events for its clients and partners. Recent SVB-hosted events in San Diego include an educational session on corporate valuations by SVB Analytics and SVB's annual wine tasting by SVB's Premium Wine Group. For more information or an invitation to SVB events, please visit

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, along with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at

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.