TEMPE, Ariz., Nov. 12, 2019 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced its expansion in Arizona. The bank has secured an additional 60,000 square feet of office space in Tempe that it will move into in Q1 2020 and aims to grow its presence by more than 300 employees in the next three years.
"We're pleased to expand our presence in Arizona and continue to attract outstanding talent from the Tempe region," said Phil Cox, Chief Operations Officer at Silicon Valley Bank. "At SVB, we have the opportunity to grow and collectively make an impact on the world by supporting the innovative clients and communities we serve. Our world-class team in Arizona is the engine for SVB's continued growth domestically and internationally."
Silicon Valley Bank serves innovative companies and their investors around the world, from life science to healthcare, venture capital to private equity, and tech to non-profit. SVB banks half of all venture-backed companies in the U.S. and is one of the fastest-growing companies in the world. By providing innovative banking products with an entrepreneurial spirit and supporting community causes that align with its values, SVB fosters innovation all over the globe.
Silicon Valley Bank is currently located at Hayden Ferry Lakeside near Tempe Town Lake and has more than 700 employees. With the expansion, the company now has 190,000 square feet in the Hayden Ferry Office Complex. The roles to be filled in the new Tempe location include IT, finance, operations and corporate shared services.
SOURCE Silicon Valley Bank
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