Frank Tower Joins Square 1 Bank as Executive Vice President

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BOSTON, May 7, 2014 (GLOBE NEWSWIRE) -- Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that seasoned technology financier Frank Tower has joined as executive vice president to lead the Bank's East region. Based in Boston, Tower is a member of Square 1 Bank's senior leadership team, bringing more than two decades of experience in financing high growth, venture-backed technology and life science companies.

"Having Frank join the team is a huge win," said Doug Bowers, president and chief executive officer of Square 1 Bank. "In addition to a strong track record and comprehensive knowledge of the entrepreneurial ecosystem, Frank brings a unique vantage point to his new role at Square 1. Having enjoyed a successful career as both an investor and credit officer, he understands the many nuances of the startup space, and what it takes for portfolio companies and venture capital firms to succeed. Frank's knowledge and expertise will be a tremendous asset to the business, and I look forward to him leading the team as we continue to expand our presence in growth markets along the East Coast."

Tower joins Square 1 Bank from Gold Hill Capital, an independent venture debt firm. As a founding partner, he helped raise two funds that have invested over $900 million to more than 200 venture-backed technology companies throughout the East. He was involved in all aspects of fund deployment, portfolio management and strategic direction as a senior member of the firm's investment and operating committees. Prior to founding Gold Hill in 2003, Tower spent ten years at Silicon Valley Bank in roles of increasing responsibility, most recently as senior vice president and senior credit officer in Boston.

"I am excited to join Square 1 Bank, a company living its own compelling start-up story," said Tower. "I look forward to supporting clients and establishing new relationships throughout our markets in the East, and leading our team of experienced bankers in offices from Boston to Durham."

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 by providing venture debt and banking services. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched 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.

CONTACT: Media Contact: Square 1 Bank Dee McDougal 919.597.7479 dmcdougal@square1bank.com

Source: Square 1 Bank