SAN FRANCISCO — Silicon Valley Bank (SVB) announced plans to expand its San Francisco presence in 2017 to better serve the city’s increasing number of technology companies. The new office will be in the South of Market district, providing more space for the local team to support the vibrant technology and life science companies headquartered here.
The company will take over approximately 54,000 square feet when it moves to the new office at 505 Howard Street. SVB has more than 270 employees in San Francisco.
“San Francisco has become an important hub for innovation and has attracted talented people who want to build their companies here and hire from this tech-savvy workforce,” said John China, head of relationship banking at Silicon Valley Bank. “It’s an ideal location for SVB and our own employees to better serve our growing client base in the area.”
Silicon Valley Bank, which was founded in 1983 to serve the technology sector, is headquartered in Santa Clara, CA and opened its first office in San Francisco in 1999.