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Square 1 Financial files for IPO

Square 1 Financial, the holding company for Square 1 Bank, has registered for an initial public offering with the U.S. Securities and Exchange Commission. The number of shares on offer and the pricing has not been determined. The common stock will be traded on the NASDAQ. Sandler O’Neill & Partners and Keefe Bruyette & Woods will be joint bookrunners on the deal.

Press Release

Square 1 Financial, Inc., the holding company for Square 1 Bank, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Upon completion, the common stock is expected to be traded on the NASDAQ Global Market under the symbol “SQBK.”

Sandler O’Neill & Partners, L.P. will serve as lead book-running manager for the offering and Keefe Bruyette & Woods, Inc. will serve as a passive book-running manager. The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus may be obtained by writing to Sandler O’Neill & Partners, L.P., Attn: Prospectus Department, 1251 Avenue of the Americas, 6th Floor, New York, New York, 10020; emailing or calling (866) 805-4128.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Square 1 Financial, Inc.

Square 1 Financial, Inc. is the bank holding company for Square 1 Bank, which 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 and focus provide flexible resources, tailored solutions and high-touch support to meet our clients’ needs. Square 1 has offices in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit