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Silicon Valley Bank

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BUSINESS
February 27, 1998 | Debora Vrana
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.
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BUSINESS
April 23, 2014 | By E. Scott Reckard
Banc of California, a growing community bank in Irvine, is doubling its footprint in Southern California as it joins a new wave of smaller California banks pushing to expand into regional players in the aftermath of the financial crisis and the Great Recession. Banc of California said Wednesday that it agreed to buy 20 Popular Community Bank branches from struggling Popular Inc. in Puerto Rico, adding them to its 18 branches from Los Angeles to San Diego. The new branches would be in lightly banked Latino neighborhoods in Los Angeles and Orange counties.
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BUSINESS
June 25, 1998 | PATRICE APODACA, Patrice Apodaca covers economic issues for The Times. She can be reached at (714) 966-5979 and at patrice.apodaca@latimes.com
Silicon Valley Bank, which helped put that other technology hub on the map, is expanding its presence in Orange County. The bank, which started its first Southern California office near John Wayne Airport seven years ago, will open a second local office in the Irvine Spectrum by the end of August. The Santa Clara-based bank, founded in 1983, has tread where most mainstream banks fear to go.
BUSINESS
July 17, 2013 | By E. Scott Reckard
Megabanks aren't the only financial firms to meet or beat expectations this earnings season. Many California regional banks are reporting stronger earnings and putting new loans on their books, thanks to the improving economy and progress in dealing with fallout from the financial bust.  Pasadena-based East West Bancorp, the largest Chinese American bank, said after the markets closed Wednesday that it earned $74 million during the second quarter,...
BUSINESS
September 21, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
A little chip of the Silicon Valley has come to Orange County. Silicon Valley Bank, a Santa Clara-based bank specializing in loans to high-technology firms, has opened a regional office in Newport Beach to make loans to emerging technology companies in Orange County and throughout Southern California. James F.
CALIFORNIA | LOCAL
May 11, 1999 | COLL METCALFE, TIMES STAFF WRITER
Signaling continued confidence in the growth of the county's high-technology industry, one of the state's leading lenders to small business start-ups has opened a local branch. Silicon Valley Bank, which specializes in high-technology start-up financing, opened an outlet last week in Westlake Village--proof, its manager says, that the recent growth of high-tech in the area is expected to continue for the foreseeable future.
BUSINESS
May 29, 1989
Banks Call Off Merger: Silicon Valley Bancshares and Plaza Commerce Bancorp called off a previously reported agreement to merge. The bank holding companies said the merger would not have benefited shareholders of either company at this time. The proposal, announced last month to merge the Plaza Bank of Commerce of San Jose and Silicon Valley Bank of Santa Clara, would have created a strong Silicon Valley institution with combined assets of about $752 million.
BUSINESS
August 19, 1998 | JUAN HOVEY
Want proof that bankers want very much to lend money to small business these days--indeed, that they actually create new ways to do it? Listen to the story of Bill Angus, senior vice president and chief financial officer of Cymer Inc., a San Diego supplier of excimer laser illumination sources used in the manufacture of semiconductors. Cymer went public in September 1996, raising $32 million in an initial offering and $84 million in a secondary offering the following December.
CALIFORNIA | LOCAL
August 15, 2000
* Goleta National Bank has named George Tabata as regional vice president and commercial loan officer at its Ventura branch. He will focus on generating new commercial banking relationships, and increasing loans and deposits. Tabata has been assistant vice president and a vice president and commercial loan officer at five other banks in Southern California. * Nancy Strouse has been named senior director of development at California Lutheran University in Thousand Oaks.
BUSINESS
September 19, 2000 | Bloomberg News
City National Corp. said it plans to open an office in Palo Alto next week to provide banking services to technology start-ups and wealthy entrepreneurs in Silicon Valley. The Beverly Hills-based bank hopes to capitalize on the record flow of venture capital into young companies and the resulting demand for banking and money-management services.
BUSINESS
July 17, 2013 | E. Scott Reckard
Megabanks aren't the only financial firms to meet or beat expectations this earnings season. Many California regional banks are reporting stronger earnings and putting new loans on their books, thanks to the improving economy and progress in dealing with fallout from the financial bust. East West Bancorp, the largest Chinese-American bank, said after the markets closed Wednesday that it earned $74 million during the second quarter, up 5% from $70.5 million a year earlier. Per-share earnings for the Pasadena bank rose 11% to 52 cents, beating Wall Street expectations by a penny.
FOOD
March 18, 2010 | By Patrick Comiskey
To paraphrase Tolstoy (poorly): All happy wineries resemble one another; each unhappy winery is unhappy in its own way. As the economy continues to affect the California wine industry, there is a prevailing feeling of dread among industry analysts and producers; a recent report by Silicon Valley Bank, a major investor in vineyard properties, suggests that as many as 10 vineyards and wineries in the Napa Valley alone are likely to be sold under...
BUSINESS
September 19, 2000 | Bloomberg News
City National Corp. said it plans to open an office in Palo Alto next week to provide banking services to technology start-ups and wealthy entrepreneurs in Silicon Valley. The Beverly Hills-based bank hopes to capitalize on the record flow of venture capital into young companies and the resulting demand for banking and money-management services.
CALIFORNIA | LOCAL
August 15, 2000
* Goleta National Bank has named George Tabata as regional vice president and commercial loan officer at its Ventura branch. He will focus on generating new commercial banking relationships, and increasing loans and deposits. Tabata has been assistant vice president and a vice president and commercial loan officer at five other banks in Southern California. * Nancy Strouse has been named senior director of development at California Lutheran University in Thousand Oaks.
CALIFORNIA | LOCAL
May 11, 1999 | COLL METCALFE, TIMES STAFF WRITER
Signaling continued confidence in the growth of the county's high-technology industry, one of the state's leading lenders to small business start-ups has opened a local branch. Silicon Valley Bank, which specializes in high-technology start-up financing, opened an outlet last week in Westlake Village--proof, its manager says, that the recent growth of high-tech in the area is expected to continue for the foreseeable future.
BUSINESS
August 19, 1998 | JUAN HOVEY
Want proof that bankers want very much to lend money to small business these days--indeed, that they actually create new ways to do it? Listen to the story of Bill Angus, senior vice president and chief financial officer of Cymer Inc., a San Diego supplier of excimer laser illumination sources used in the manufacture of semiconductors. Cymer went public in September 1996, raising $32 million in an initial offering and $84 million in a secondary offering the following December.
BUSINESS
April 28, 1989 | DOUGLAS FRANTZ, Times Staff Writer
Two successful business banks in Northern California have agreed to merge, creating a strong new competitor in Silicon Valley and an inviting acquisition target when interstate banking arrives in 1991. The merger will bring together the owners of Plaza Bank of Commerce, with assets of $448 million and headquarters in San Jose, and Silicon Valley Bank, which is located in Santa Clara and has assets of $304 million. The resulting bank will be called Plaza + Silicon Valley Bank of Commerce.
FOOD
March 18, 2010 | By Patrick Comiskey
To paraphrase Tolstoy (poorly): All happy wineries resemble one another; each unhappy winery is unhappy in its own way. As the economy continues to affect the California wine industry, there is a prevailing feeling of dread among industry analysts and producers; a recent report by Silicon Valley Bank, a major investor in vineyard properties, suggests that as many as 10 vineyards and wineries in the Napa Valley alone are likely to be sold under...
BUSINESS
June 25, 1998 | PATRICE APODACA, Patrice Apodaca covers economic issues for The Times. She can be reached at (714) 966-5979 and at patrice.apodaca@latimes.com
Silicon Valley Bank, which helped put that other technology hub on the map, is expanding its presence in Orange County. The bank, which started its first Southern California office near John Wayne Airport seven years ago, will open a second local office in the Irvine Spectrum by the end of August. The Santa Clara-based bank, founded in 1983, has tread where most mainstream banks fear to go.
BUSINESS
February 27, 1998 | Debora Vrana
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.
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