Silicon Valley Bank to Add Finance Jobs in Arizona

Silicon Valley Bank to Add Finance Jobs in Arizona

With the economy picking up, many financial institutions are once again hiring new employees for a variety of different finance jobs. One such company is Santa Clara, California-based Silicon Valley Bank, which plans to bring more than 400 new high-wage jobs to Tempe, Arizona.

According to the Arizona Republic, the Maricopa County Board of Supervisors recently voted to approve a $1 million grant to the bank to open an IT operations center in downtown Tempe. Over the course of seven years, the center will reportedly create 460 positions with an average annual salary of $88,000, the news source said.

Silicon Valley Bank reportedly chose Tempe due to the proximity to its headquarters and because it is an affordable location for employees, according to the news provider.

The financial institution has already begun hiring new employees for the Tucson facility and has relocated some workers who wanted to move to Arizona, Carrie Merritt, director of public relations for the bank, told the Republic.

The decision to open a new IT operations center in Tucson comes as Silicon Valley Bank recently expanded its team by hiring two veteran bankers, according to the San Francisco Business Times.