Square 1 Bank to be Acquired

Durham's Square 1 Financial, parent company of Square 1 Bank, is being acquired by Los Angeles-based PacWest Bancorp in a deal valued at $849 million.

Square 1 Bank Files to Go Public

Durham-based Square 1 Bank has filed paperwork with the Securities & Exchange Commission to go public.

Square 1 Bank Expands from Durham to Pacific Northwest

Durham-based Square 1, will move Rilus Graham, vice president of life sciences, to manage Square 1’s life sciences portfolio for the Northwest and the Rocky Mountains.

Square 1 Bank Expands Services

Square 1, the Durham-based bank which focuses on the venture capital industry and related businesses is rolling out Square 1 Asset Management. It's designed to service corporations and institutional investors with cash management solutions.

Square 1 Bank Announces Credit Facility to Heat Biologics, Inc.

Square 1 Bank, a banking partner to entrepreneurs and the venture capital community, announced that it has provided a credit facility to RTP-based Heat Biologics, Inc., a clinical-stage immunotherapy company. Proceeds of the credit facility will be used to support ongoing clinical trials and company growth.

Square 1 Financial, Inc. Announces Dr. Seth Rudnick Has Joined the Board of Directors

Square 1 Financial, Inc. has announced that Dr. Seth Rudnick has joined the Board of Directors of both Square 1 Financial, Inc. and Square 1 Bank. Rudnick has an extensive background in the venture capital industry, as well as over 30 years of comprehensive experience in the biotechnology, healthcare and pharmaceutical industries.

Ritter, McLean Join Square 1 Ventures

Square 1 Ventures, the private equity arm of Durham-based Square 1 Bank, has added Andreas Ritter a former investment manager for Duke University's endowment as an independent member of its venture investment committee. Square 1 Ventures also named Will McLean, chief investment officer for Northwestern University's $6.5 billion portfolio, to its venture investment committee.

Read more: News & Observer - Square 1 Ventures Beefs up its Team