SAN FRANCISCO, Sept. 30, 2016 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, announced plans to expand its San Francisco presence in 2017 to be in a better position to serve the city's increasing number of innovation companies. The new office will be in the South of Market district, providing more space for the local team to support the vibrant technology and life science companies headquartered here.
"San Francisco has become an important hub for innovation and has attracted talented people who want to build their companies here and hire from this tech-savvy workforce," said John China, head of relationship banking at Silicon Valley Bank. "It's an ideal location for SVB and our own employees to better serve our growing client base in the area."
Silicon Valley Bank, which was founded in 1983 to serve the technology sector, is headquartered in Santa Clara, CA and opened its first office in San Francisco in 1999. The company will take over approximately 54,000 square feet when it moves to the new office at 505 Howard Street. SVB has more than 270 employees in San Francisco.
More information about Silicon Valley Bank is available at www.svb.com.
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com.
Silicon Valley Bank is the California bank subsidiary and commercial banking operation of SVB Financial Group (Nasdaq: SIVB), and a member of the FDIC. Silicon Valley Bank and SVB Financial Group are members of the Federal Reserve System.
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SOURCE Silicon Valley Bank