Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, announced plans to expand its San Francisco presence in 2017 to be in a better position to serve the city's increasing number of innovation 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.  

"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."