Silicon Valley Bank Promotes Two Executives

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; <u>Silicon Valley Bank<&sol;u>&comma; now a division of First Citizens Bank&comma; announced that 16-year SVB veteran <b><span class&equals;"xn-person">Jackie Spencer<&sol;span><&sol;b> has been named the new Head of Relationship Management for Life Science and Healthcare Banking&period;  The company also announced that 26-year SVB veteran <b><span class&equals;"xn-person">Megan Scheffel<&sol;span> <&sol;b>was named Head of Credit Solutions for the Life Science and Healthcare practice&period; Spencer and Scheffel report to 30-year SVB leader <span class&equals;"xn-person">Joan Parsons<&sol;span>&comma; Head of Technology and Healthcare Banking at Silicon Valley Bank &lpar;SVB&rpar;&period;<&sol;p>&NewLine;<p>&lbrack;<strong>Photo above<&sol;strong>&colon; Jackie Spencer &lpar;left&rpar; has been named the new Head of Relationship Management for Life Science and Healthcare Banking&period; The company also announced that 26-year SVB veteran Megan Scheffel was named Head of Credit Solutions for the Life Science and Healthcare practice&period;&rsqb;<&sol;p>&NewLine;<p>&&num;8220&semi;As we continue to strengthen and invest in our support for companies across Life Science and Healthcare specialties&comma; Jackie and Megan are well-positioned to lead their teams and deliver the financial solutions&comma; partnership and advice our clients rely on to succeed and scale&period; They both bring invaluable leadership&comma; sector knowledge&comma; and extensive experience to their new roles&comma;&&num;8221&semi; said Parsons&period;<&sol;p>&NewLine;<p>Through its nationwide Life Science and Healthcare practice&comma; SVB provides specialized banking services&comma; debt-financing solutions&comma; industry partnerships&comma; and leading market insights to companies and investors across the sectors&period; As head of Relationship Management&comma; Spencer leads a nationwide team dedicated to serving the unique needs of early to late-stage companies specializing in biopharma&comma; healthtech&comma; medical services and diagnostics tools&period;<&sol;p>&NewLine;<p>Prior to her current role&comma; Spencer worked on SVB&&num;8217&semi;s strategic capital team where she managed large syndicated&comma; mezzanine and convertible debt opportunities in the US&comma; Canadian and European Life Science and Healthcare markets&period; She also previously served as Managing Director where she led the West Coast biotech&comma; diagnostics and research tools team&period; Since joining SVB in 2007&comma; Spencer has worked in both the technology and healthcare practices from emerging market to late-stage corporate finance&period; She is based in <span class&equals;"xn-location">San Francisco&comma; CA&period;<&sol;span><&sol;p>&NewLine;<p>As Head of Credit Solutions&comma; Scheffel leads a nationwide team responsible for providing holistic and specialized debt financings to support SVB&&num;8217&semi;s Life Science and Healthcare clients at all stages&period; Prior to her current role&comma; she was Global Senior Credit Officer for Life Science and Healthcare&period; She has also served as Region Manager for the Southeast and Mid-Atlantic Division where she led teams dedicated to serving emerging&comma; growth and established technology and life science companies&period;  Scheffel is based in Washington D&period;C&period;<&sol;p>&NewLine;