Silicon Valley Bank Expands in Utah

SALT LAKE CITY, May 24, 2017

"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.

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