Silicon Valley Bank Expands in Utah

Moves to a larger office in Cottonwood Heights to support region's growing client base

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May 24, 2017, 09:00 ET

SALT LAKE CITY, May 24, 2017 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced it will move to a larger office in the Salt Lake City area in 2018. The new office is in Cottonwood Heights, providing more space for the local team to support Utah-based technology and life science companies, as well as the global operations for the company.

"The Utah innovation economy has experienced dramatic growth in the last 10 years," said Gary Jackson, managing director for Silicon Valley Bank in Salt Lake City. "The quality and diversity of local companies forming along with greater VC investment in the region have created a robust ecosystem. Our new, larger space will allow us to foster increased collaboration with our clients and the investment community."

Silicon Valley Bank, which was founded in 1983 to serve the technology sector, is headquartered in Santa Clara, Calif. and opened its first office in the Salt Lake City area in 2005. The company will take over approximately 28,000 square feet when it moves to the new office at 2750 Cottonwood Parkway. SVB has more than 75 full time employees in Salt Lake City.

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.

©2017 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB).

SOURCE Silicon Valley Bank