Silicon Valley Bank Opens Office in Houston

New Location to Support Region's Life Science, Tech and Energy Sectors

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Feb 18, 2015, 09:01 ET

HOUSTON, Feb. 18, 2015 /PRNewswire/ -- Silicon Valley Bank, the bank of the world's most innovative companies and their investors, announced the opening of an office in Houston in order to support the growing number of technology, life science and energy companies, as well as their investors, in the region. Silicon Valley Bank is the bank to private and public innovation companies of all sizes, including more than 50 percent of all venture capital-backed companies in the US and two-thirds of the venture capital firms.

"Innovation in Houston is flourishing," said Blake English, managing director for Silicon Valley Bank in Houston. "Silicon Valley Bank has been helping innovative companies succeed for more than three decades and in Texas specifically for nearly 20 years. The energy and growth in the Houston market has reached a milestone and we're thrilled to be involved."

SVB's new Houston location shares a space with SURGE Ventures. This office joins SVB locations in Austin and Dallas, which have served companies of all sizes in Texas since 1995. The team in Texas has grown to nearly 30 banking professionals providing commercial banking, including specialized lending, client services, analytics, and private equity services to local companies such as Sigma Cubed, Castle Biosciences, and Quorum Business Solutions, Inc.

"Silicon Valley Bank's value stems from its longstanding commitment to the tech community," said Blair Garrou, co-founder and managing director of Mercury Fund. "SVB provides expertise on what it takes to serve innovation companies at all stages of their development, which is what the local market needs to cultivate high-growth companies to contribute to the growing economy."

More information about Silicon Valley Bank's services 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. Forbes named SVB one of America's best banks (2015) and one of America's best-managed companies (2014).

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