Commercial bank Square 1 Bank acquired Sand Hill Finance, LLC, a Campbell, CA-based provider of accounts receivable financing solutions for emerging growth companies.
With the transaction, whose amount remained undisclosed, Square 1 Bank bought substantially all of the assets and hired all employees of Sand Hill.
Led by Mark Cameron, President, and Ron Ernst, CFO, Sand Hill Finance specializes in the origination and servicing of accounts receivable financing solutions for emerging growth companies nationwide. The firm, which is also based in Waltham, MA, will complement Square 1 Bank’s existing suite of loan products.
FinSMEs
05/01/2014