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TORONTO, March 14, 2018 /CNW/ -- Silicon Valley Bank (SVB Financial Group, NASDAQ: SIVB), the bank of the world's most innovative companies and their investors, today announced two milestones in its plans to further expand into Canada to better serve the country's technology and life science companies and their investors. Canada's Minister of Finance has issued an order authorizing Silicon Valley Bank to establish a lending branch in Canada, which will commence operations after it receives the approval of the Superintendent of Financial Institutions. The company also announced that it has hired Barbara Dirks to lead the Canada expansion and team, effective immediately.