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Square 1 Bank Adds to Mid-Atlantic Banking Team

WASHINGTON, Sept. 10, 2014 (GLOBE NEWSWIRE) -- Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has strengthened its Mid-Atlantic team, with the addition of new hire Elizabeth Orsinger as vice president, technology banking, and promotion of Kay Parry to market leader. Based in Chevy Chase, the team supports the commercial banking needs of entrepreneurs and venture capital firms in the greater DC market.

Parry joined Square 1 Bank in March 2010. Through her previous work in the bank's technology banking and venture capital services groups, Parry gained an in-depth understanding of the various banking needs of venture firms and portfolio companies. In her new role, Parry will lead business development efforts, expanding the reach of Square 1's technology banking and venture capital services practices throughout the Mid-Atlantic region. An active member of the DC startup community, she recently joined the Mid-Atlantic Venture Association's board of directors, supports the Women's Private Equity Conference's annual event and is a key contributor to the DC chapter of the Women's Association for Venture and Equity. Prior to joining Square 1, Parry held leadership positions at two DC-area startups and was principal at Paperboy Ventures, where she focused on early-stage technology investments.

Orsinger joins Square 1 Bank with proven industry and regional expertise, and many years of experience servicing clients in the technology space. Most recently, Orsinger was vice president, technology banking at Bridge Bank, where she oversaw a diverse portfolio of technology and energy clients within the DC Metro area. Previous experience also includes business development and relationship management roles at Comerica Bank and Presidential Financial Corporation. Orsinger earned a BS in Finance from George Mason University.

"Having first experienced working with startups in college, I have a true passion for serving entrepreneurs and watching companies grow," said Orsinger. "I am thrilled to join the Square 1 Bank team and continue to provide hands-on support and services to clients in the DC area."

Peter Meath, founder and managing director of Square 1 Bank's Mid-Atlantic South region, added, "Kay and Elizabeth both exhibit key qualities representative of the Square 1 brand – creative and entrepreneurial, with a shared passion for startups and helping clients succeed. Together, they will be a driving force as we continue to provide clients with the products, service and expertise they need as their companies grow. I am excited to welcome Elizabeth to the Square 1 Bank team, and I look forward to seeing the region grow under Kay's leadership."

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 unmatched support to meet our clients' needs. Square 1 has offices coast-to-coast in Austin, the Bay Area, Boston, Denver, Durham, Los Angeles/Orange County, New York, San Diego, Seattle, 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 Financial

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