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Square 1 Bank Names New Chief Credit Officer

October 15, 2012

Square 1 Bank today announced the appointment of Diane Earle as its new Executive Vice President and Chief Credit Officer. In this role, Ms. Earle will lead Square 1’s credit function, overseeing the Bank’s credit risk management, credit approval and credit analysis functions, and ensuring the overall quality of the Bank’s lending portfolio is maintained. She will also lead the Bank’s Asset Based Lending business.

Earle succeeds Susan Casey, who founded Square 1 with her late husband, Richard Casey. Ms. Casey will remain on the Board of Directors of Square 1 Financial, Inc. On her departure from Square 1’s daily operations, Casey said, “Square 1’s seventh birthday in August was an important milestone for the company and for me, personally. Like many great people at the bank, I have spent countless hours over the past few years as an entrepreneur focused on building and growing Square 1 Bank to serve the entrepreneurial and venture community. With the success of Square 1’s recent capital raise and the considerable confidence I have in the team, now is an opportune time for me to focus on life outside the Square.”

“Susan Casey was a considerable force in building our company, and we are grateful for her myriad contributions. Both Susan and Richard have left us with a remarkable legacy. Our job is to grow it from here. I look forward to Susan’s continued involvement with Square 1’s Board of Directors. We all wish her much success going forward,” stated Square 1 Bank President and Chief Executive Officer Doug Bowers.

Diane Earle, who has over 21 years of commercial lending credit management experience, joined Square 1 in 2010 from Hercules Technology Growth Capital, where she served as Senior Credit Officer and was responsible for all underwriting and portfolio management functions for their life science, technology, and structured finance sectors. Her previous experience also includes senior leadership roles at GE Commercial Finance and Life Sciences Capital, LLC, a small specialty finance company she co-founded. Ms. Earle holds a Bachelor of Arts in Economics from Fairfield University.

“We are pleased to welcome Diane to Square 1’s senior leadership team. We look forward to drawing on her wealth of experience in credit management, as well as her top notch industry experience, particularly in technology and life sciences lending,” Bowers added.

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. 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.

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Dee McDougal
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Square 1 Bank

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