Square 1 Bank Announces New Hire in Boston to Support Strategic Growth

BOSTON, March 18, 2013-- Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that Michael Madden has joined as senior vice president and managing director in the Boston office. Mr. Madden will be responsible for expanding Square 1 Bank’s presence in the technology market and fostering relationships with entrepreneurs and venture capital firms throughout New England.

“Michael brings energy, experience and a shared commitment to the entrepreneurial ecosystem, and we are delighted to welcome him to the Square 1 Bank team,” said Doug Bowers, president and CEO. “This is an exciting time for Square 1 Bank as we continue to grow and expand our market coverage across the country. Michael’s experience with high-growth technology companies, along with his proven track record in the venture capital space, will be extremely valuable in establishing relationships in the New England market.”

Prior to joining Square 1 Bank, Mr. Madden was a principal at Edison Ventures, where he led the firm’s investment efforts in numerous technology industry sectors in the New England market. Previously, he held similar roles at Polaris Venture Partners and Summit Partners, leading investments in growing technology companies. Having spent his entire venture capital and private equity career in Boston, Mr. Madden is an active member of the startup community in the Northeast. He has been an investor, board member and adviser to a wide range of companies across the region.

On joining the team, Mr. Madden commented, “Square 1 Bank ‘gets’ entrepreneurs and the venture capital community. The combination of Square 1’s success in this space and the bank’s future growth plans created the perfect fit for me. I am excited to join the team, and look forward to bringing my experience, network and perspective to lead our growth in the Northeast.”

Mr. Madden received an A.B. in Economics from Harvard University, where he played four years of varsity baseball and football. He also holds an MBA from the Stanford Graduate School of Business.

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.

Contact:
Square 1 Bank
Dee McDougal, 919-597-7479
Senior Marketing Specialist
dmcdougal@square1bank.com

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