Building on prior expansion projects dating back to 2006, Silicon Valley Bank (SVB) plans to add 116 new jobs and capital expenditure of $4.8 million to its Cottonwood Heights, Utah operations.

SVB serves innovative companies in the technology, life science and healthcare, private equity and venture capital, and other sectors. Del Boyette and Traci Sharp of Boyette Strategic Advisors were involved in the site selection decision.