Somerset Valley Bank to Apply for Warren Township Branch.

Business Editors

SOMERVILLE, N.J.--(BUSINESS WIRE)--Jan. 4, 2002

Robert P. Corcoran, President and CEO of SVB Financial Services, Inc., the parent holding company of Somerset Valley Bank, announced today that the Bank has signed a lease agreement with Claremont Mountain Boulevard L.L.C., of Far Hills, New Jersey, for a branch office to be located in the new Warren Office Center at 34 Mountain Boulevard, Warren, New Jersey.

The 3,400 square foot bank will have a two lane drive-up and a drive-up ATM. The Bank will be applying to the New Jersey Department of Banking and the FDIC for approval of the branch.

Warren Township will represent the Bank's tenth location in its ten-year history. It is the eighth location in Somerset County.

"We are excited about our second branch in the northern part of Somerset County," said Corcoran. "Warren Township has an excellent mix of retail businesses and professionals as well as a very strong residential base."

Somerset Valley Bank, which opened in 1991 in Somerville, has over $300 million in assets with locations in Somerville, Hillsborough, Bridgewater, Manville, Arbor Glen retirement facility, Bernards Township, Aberdeen Township in Monmouth County and Edison in Middlesex County. As of June 30, 2001, Somerset Valley Bank was ranked seventh of twenty-five banks in Somerset County in terms of deposits with 5.6% of the market.

SVB Financial Services, Inc. is traded on the NASDAQ National Market under the trading symbol SVBF and can be accessed via the Internet at www.somersetvalleybank.com.

The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management's expectations about new and existing programs and products, relationships, opportunities, technology and market conditions. These statements may be identified by an "asterisk" (*) or may use such forward-looking terminology as "expect", " look", " believe", " anticipate", " may", " will", or similar statements or variations of such terms or otherwise express views concerning trends and the future. Such forward-looking statements involve certain risks and uncertainties. These include, but are not limited to, the direction of interest rates, continued levels of loan quality and origination volume, continued relationships with major customers including sources for loans, as well as the effects of economic conditions and legal and regulatory barriers and structure, including those relating to the deregulation of the financial services industry. Actual results may differ materially from such forward-looking statements. SVB Financial Services, Inc. assumes no obligation for updating any such forward-looking statement at any time.