The Boards of Directors of Square 1 Financial, Inc. and Square 1 Bank are pleased to announce the appointment of Doug Bowers to serve as President and Chief Executive Officer of Square 1 Financial, Inc. and Square 1 Bank (“Square 1”). Mr. Bowers has had a broad career in the financial services industry, including over 25 years of experience with Bank of America and its predecessors, with leadership responsibility for many of that institution’s commercial businesses.
Robert Muehlenbeck, Chairman of Square 1’s Board of Directors, said, “We are excited to bring on board an individual of Doug’s caliber to lead Square 1. The exhaustive effort undertaken by the Board of Directors led us to someone with a proven track record in leading top performing teams. Doug’s broad professional background and obvious leadership skills make him a perfect choice to continue to build on Square 1’s remarkable success. Doug brings the energy and determination to realize on the opportunity created by the vision of Richard Casey–to create the financial partner of choice within the venture capital community. I know that our friends and partners in the community will welcome Doug.”
Mr. Bowers said, “I am delighted to have the opportunity to join Square 1, which serves so many dynamic sectors of the U.S. economy and has been such a success story since its founding. Square 1 Bank is very unique in the banking industry. Its mission to serve entrepreneurs and the venture capital community is extremely important in today’s economy. I look forward to working with our dedicated team of banking professionals to build upon Square 1’s success and growth.”