Square 1 Bank, a commercial bank that serves entrepreneurs and the VC community, said Thursday that it has acquired Sand Hill Finance. No financial terms were disclosed. Based in Silicon Valley, Sand Hill Finance is a provider of financing solutions for emerging growth companies.
DURHAM, N.C.–(BUSINESS WIRE)–Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced today that it has acquired substantially all of the assets and hired all employees of Sand Hill Finance, LLC, a Silicon Valley-based provider of accounts receivable financing solutions for emerging growth companies.
“We are delighted to have completed the acquisition of Sand Hill Finance, and are happy to have the team join the Square 1 Bank family with expertise that complements our existing suite of loan products,” said Doug Bowers, President and Chief Executive Officer, Square 1 Bank.
Sand Hill Finance specializes in the origination and servicing of accounts receivable financing solutions for emerging growth companies nationwide.
“The entire Sand Hill team is excited to become a part of the Square 1 Bank family and to take advantage of the many synergies in our businesses,” said Mark Cameron, President of Sand Hill Finance.
Ron Ernst, Sand Hill Finance CFO, added, “We look forward to introducing our financing solutions to Square 1 clients, and bringing Square 1’s full spectrum of banking services to our clients.”
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1’s expertise, focus and strong capital base provide flexible resources and high touch support to meet our clients’ needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit www.square1bank.com.