Silicon Valley Bank Appoints New Southeast Region Manager

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May 10, 2011, 08:00 ET

VIENNA, Va., May 10, 2011 /PRNewswire/ -- Silicon Valley Bank (SVB), financial partner to innovative technology and life science companies worldwide, promoted Megan Scheffel to lead its Southeast and Mid-Atlantic regions for the company. In this role, Scheffel manages teams that are dedicated to serving emerging, middle-market and established technology and life science companies. Scheffel works closely with a number of private equity and venture capital clients and plays a key role in SVB's business development efforts.

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Silicon Valley Bank has been a leading financial partner to startup and growing technology and life science companies in the region since it expanded into the D.C. area fifteen years ago. Today, the region includes offices in Atlanta, Philadelphia, Raleigh, NC and Tysons Corner, Va. that work with companies throughout the Mid-Atlantic and Southeastern regions of the country.

"Megan's knowledge of the industries we serve and her dedication to innovative technology companies has proven the right combination to help her clients succeed," said Joan Parsons, Head of U.S. Banking for Silicon Valley Bank. "Under Megan's leadership, we look forward to introducing Silicon Valley Bank's complete banking platform to even more tech and life science entrepreneurs and growing companies."

Silicon Valley Bank's experienced technology and life science bankers offer a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide.

Scheffel joined Silicon Valley Bank in 1997 in its Santa Clara, Calif. headquarters. She later moved to Silicon Valley Bank's Boulder, Colo. office to work with local technology companies. Today, Scheffel actively supports entrepreneurial organizations and events throughout the D.C. area. She earned a bachelor's degree in business administration, specializing in finance, from the University of Colorado in Boulder. In 2011, Scheffel was awarded SVB's highest honor, the Biggerstaff Award, named after one of the company's founders, for her dedication and commitment to her clients.

About Silicon Valley Bank

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, 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 26 U.S. offices and seven international operations. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB), along with SVB Analytics, SVB Capital and SVB Global. More information on the company can be found at www.svb.com.

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.

SOURCE Silicon Valley Bank