Silicon Valley Bank Opens Los Angeles Office

Silicon Valley Bank, a wholly owned subsidiary of Silicon Valley Bancshares, has opened its first office in Los Angeles to lend to growing technology companies. Silicon Valley, which already has offices in San Diego and Irvine, lends to growing mid-sized companies primarily in the technology and science industries. The bank had a small office in Los Angeles that focused on entertainment, but that division will move to the new office in West Los Angeles. “Silicon Valley Bank is bringing unique experience and capabilities to Los Angeles banking circles,” said Terry E. Bess, who will manage the new office. “Los Angeles technology businesses want to work with bankers who are knowledgeable about their industry.” The company will also focus on Ventura, Santa Barbara and San Luis Obispo counties.